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Major resistance – 1.0060
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USDCHF has shown a minor decline till 0.99575 and started to recover
from that level. The pair almost formed almost a double top at 1.00560
and started to consolidate within narrow range. Any convincing break
below 0.9945 (20- day MA) confirms minor weakness and a dip till
0.9900 is possible.
- The pair’s further bullish continuation can be seen only above 1.0060 level. Any break above 1.0060 will take the pair to next level till 1.010/1.0170 level. The safe haven such as yen has been declining sharply
- In this week the pair jumped till 1.00415 and started to decline from that level. So intraday trend is still weak and any convincing close below 1.000 confirms minor bearishness.
Which is massages given in this blog it's just our opinion trading is ur own risk we are not responsible for profit & loss
Friday 18 May 2018
USD/CHF downside capped by 20 –day ma, good to sell on rallies
Followers
gold tips
sell gold @ 56860 sl 57100 target 56600/56400/56500
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sell gold 28675 stop loss 28730 target 28620/28580
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silver all targets achieved