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Usd/Chf : 20/01/2016 Technical Analysis Report

20th January 2016 CFX Admin

Our Preference: Sell Below 1.0050 level for the target of  0.9980 levels.
Alternative Scenario: Nill
 
Technical Commentary : In Daily Chart :- UsdChf  was  trading in the triangle pattern and yesterday its tested the upper trend line and its came back and closed on lower side and its was trading in the sideways movement between key resistance and key support levels now its was trading near upper trend line so we can sell near upper trend line and except upto next key support level :- which we have shown in attached  image.
In 4 Hour Chart :- Usd/Chf was trading in the triangle pattern now its was trading below the  upper trend line and trading below the key resistance level of horizontal line so we can sell near key resistance level and except upto next key support level :- which we have shown in attached  image.
In 1 Hour Chart :- UsdChf was moving between key resistance level of upper trend line and key support level of lower trend line and now its trading below the intraday upper trend line so its confirming for the selling side  so we can sell near upper trend line and except upto next key support level :- which we have shown in attached  image.


Technical Commentary : In Daily Chart :- UsdChf was trading in the triangle pattern and yesterday its tested the upper trend line and its came back and closed on lower side and its was trading in the sideways movement between key resistance and key support levels now its was trading near upper trend line so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.



In 4 Hour Chart :- Usd/Chf was trading in the triangle pattern now its was trading below the upper trend line and trading below the key resistance level of horizontal line so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.



In 1 Hour Chart :- UsdChf was moving between key resistance level of upper trend line and key support level of lower trend line and now its trading below the intraday upper trend line so its confirming for the selling side so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.



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