Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Forex Live Heat Map |  Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

USD/CHF forms potential Bullish AB=CD pattern, buy on dips : FxWirePro | November 23, 2017

Print PDF

Harmonic pattern – Bullish AB=CD Pattern

USD/CHF -0.02% has shown a massive selling yesterday after Fed minutes meeting. The pair declined till 0.98080 after Fed minutes showed concerns over weak inflation . The Fed minutes meeting shows that economy is growing strong and is operating above full employment. But decline in inflation is cause of concern and any ongoing tightening will push the inflation further down.

On the lower side, near term support is around 0.9800 (200- day EMA0 and any break below will drag the pair to lower level till 0.97730 (resistance turned into support)/0.9745/0.9705. The pair should break below 0.9705 for further weakness.

The near term resistance is around 0.9850 (233- day MA) and any violation above will take the pair to next level till 0.9875/0.9900. It should break above 0.9950 for further jump till 1.00380.

It is good to buy on dips at 0.97850 with SL around 0.9745 for the TP of 0.9850/0.9900

Submit Your Comments:

 Forex Trading VPS


Windows 2012R2/2016 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
ECO-01 buy now1 Core 756MB 18GB Unmetered $4.99/M$4.49/M$3.99/M $2.99/M MT4 Pre-InstalledYesFree
ECO-02 buy now 1 Core 1GB 22GB Unmetered $5.99/M$5.49/M$4.99/M $3.99/M MT4 Pre-InstalledYesFree
ECO-03buy now 2 Core 2GB 30GB Unmetered $9.99/M$9.49/M$8.99/M$7.99/M MT4 Pre-InstalledYesFree
ECO-04 buy now2 Core 3GB 32GB Unmetered $13.99/M$13.49/M$12.99/M $11.99/M MT4 Pre-InstalledYesFree
ECO-05buy now 3 Core 4GB 40GB Unmetered $17.99/M $17.49/M$16.99/M$15.99/MMT4 Pre-InstalledYesFree
ECO-06 buy now 3 Core 5GB 45GB Unmetered$21.99/M $21.49/M$20.99/M$19.99/MMT4 Pre-InstalledYesFree

***We accept Paypal, Perfect Money, Bitcoin !