USDCHF is still rising north.

November 18, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0676 1.0713 1.0736
Support 1.0616 1.0593 1.0557
Primary Scenario EURUSD is following a downtrend. If the pair manages to extend its momentum, the next support is seen at 1.0616 and further down to 1.0593.
Alternative Scenario Should the pair achieve to surpass the daily pivot  at 1.0653, it will retest the resistance level at 1.0676.

GBPUSD H4
Resistance 1.5247 1.5285 1.5332
Support 1.5163 1.5116 1.5079
Primary Scenario The pair is revolving the daily pivot point at 1.5200. A decisive movement to the north will trigger the market to penetrate the barrier at 1.5247, targeting the resistance level at 1.5285.
Alternative Scenario A plunge of GBPUSD below the daily pivot will push prices to find support at 1.5163.

USDCHF H4
Resistance 1.0178 1.0213 1.0257
Support 1.0100 1.0057 1.0022
Primary Scenario USDCHF is still rising north. A successful attempt to exceed the hurdle at 1.0178 will act as a catalyst for the market to hit the forthcoming resistance level at 1.0213.
Alternative Scenario A reversal back below the daily pivot (1.0135) will lead the exchange rate down to 1.0100. RSI supports this outlook.

USDJPY H4
Resistance 123.48 124.14 124.64
Support 123.15 122.83 122.37
Primary Scenario The USDJPY pair is still negotiating in a bullish sentiment. A higher thrust of the market above the barrier at 123.48 will lead the rate to reach the estimated resistance level at 124.14.
Alternative Scenario Alternatively, a comeback of the currency pair below the level at 123.15 will push prices to find support at 122.83.

AUDUSD H4
Resistance 0.7141 0.7174 0.7209
Support 0.7074 0.7039 0.7007
Primary Scenario AUDUSD is oscillating around the daily pivot point (0.7106). Any forceful attempt to violate the barrier at 0.7074 will open the way down to 0.7039.
Alternative Scenario. On the other hand, an upward wave would fuel the pair above the daily pivot, with immediate target the resistance level at 0.7141.

 

Article by ForexTime

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