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Daily Forex Chart Art – Oct. 30, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CHF: 1-hour Here’s a potential pullback play that’s brewing on USD/CHF’s 1-hour forex chart. The pair just surged past the resistance at the .9800 major psychological level then zoomed up to the .9950 area before showing signs of exhaustion. Stochastic is heading down from the overbought zone, which means that sellers are taking over price action for now. Using the handy-dandy Fib tool on the latest swing low and high shows that the 38.2% retracement level is a few pips below this broken

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