USD/CHF Weekly Trend
Pushed on Monday from 0.8785 mark, the pair USD/CHF continued upward movement and was able to work on Friday the 89th level figures. Thus, it seems that the whole plot increases, which began its formation from a minimum of 13 March, bought signs almost complete five-wave structure. If so, then working out a calculation purposes, the corresponding elevation 0.8925-0.8930, indicating likely end of a wave and, as part of the host rather complicated form of the 4th wave, in the 5th. Targets for testing options with a rising wave: 0.8890 - 50.0% Fibonacci 0.8991 - 76.4% Fibonacci Targets for testing options with a downward wave: 0.8706- 161.8% Fibonacci 0.8650- 423.6% Fibonacci
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Analyzing stocks Hewlett-Packard Company on March 31, it is clear that the price continues to correctional movement , MACD is still pointing down. Current "golden cross" is strong (as the price is above the Ichimoku cloud), so long positions now allows Ichimoku considered . Senior linear regression channel upwards , Jr. also directed upward , and from this point of view longs are also relevant . The purpose of the tool is the upward movement of the resistance level of 33.86 . If the price above the first target , the upward movement may continue with a view to the resistance level of 37.69 . Formed a bearish candlestick patterns " Longshanks Doji ", which indicates a possible continuation of the correction. MACD is pointing down indicates that the current downtrend , the indicator turns up can attest to the completion of turn downward correction , but the indicator may be too late in response to this , as it is located at the maximum positions. Stochastic overbought left the area that now shows a downward motion . If the price bounces from Kijun -sen , it could trigger the resumption of the uptrend. Smaller timeframe chart details the older picture . Youngest chart are advised to consider short positions , ie the blue blocks bars with goals Kijun-Sen and Senkou Span A , while fixing below the Tenkan -sen . Opening or consolidation above the Tenkan -sen give actual goal 33.86 resistance level . Trading recommendations for a 4-hour timeframe : Share price continues HPQ adjusted . On the current chart now advised to consider long positions with a view to 33.86 . In the case of overcoming the first target will be the next target 37.69 . Open new long positions recommended when prices rebound from the critical line , in case of a reversal MACD top (may be late) or the formation of strong bullish pattern . Stop Loss when trading to increase exhibit below the critical line 30.92 . Short positions are not relevant now . Trading recommendations for the 15-minute timeframe : On the 15- minute chart recommended ottorgovyvat blue blocks bars with goals Kijun-sen (30.92) and Senkou Span A (29.94) at the opening below the Tenkan-sen ( 32.33 ) . In the case of consolidation or opening above Tenkan-sen will be relevant long positions (orange bars blocks) to the level of 33.86.
