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Message: [QUOTE="Antony_NPBFX, post: 188222, member: 38727"] [size=5][b]USD/CHF: USD remains under pressure 27.11.2020 [/b][/size] Good afternoon, dear forum visitors! [url=https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] USD is trading ambiguously against CHF during today's Asian session, consolidating near the strong support at 0.9000. USD remains under pressure amid improving prospects for the global economic recovery, as well as the beginning of the transfer of power in the US, where Donald Trump announced that he would step down from the presidency if the electors vote for Joe Biden. In addition, analysts are actively discussing the appointment of former Fed Chair Janet Yellen to the post of US Treasury Secretary. Yellen is expected to advocate further easing of monetary policy and help the process of introducing new stimulus measures for the US economy. Macroeconomic statistics from Switzerland provided moderate support to CHF yesterday. Employment Level in Q3 2020 increased from 5.095M to 5.138M, which turned out to be better than the average forecasts of analysts. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is actively expanding from below, but it fails to catch the surge of "bearish" sentiment at the moment. MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic retains stable downward direction but is located in close proximity to the zero level, which indicates the risks of oversold USD in the ultra-short term. Current showings of the indicators do not contradict the further development of the "bearish" trend in the short term. Resistance levels: 0.9074, 0.9100, 0.9126, 0.9155. Support levels: 0.9050, 0.9028, 0.9000, 0.8960. [img]http://businesspr-finance.com/wp-content/uploads/2020/11/usdchf27112020-55.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/11/usdchf27112020-66.png[/img] [b] Trading tips [/b] The breakdown of 0.9050 may serve as a signal to new sales with the target at 0.9000. Stop-loss – 0.9080. Implementation time: 1-2 days. To open long positions, one can rely on the rebound from the support level of 0.9050 with the subsequent breakout of 0.9074. Take-profit – 0.9126. Stop-loss – 0.9040. [b]Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast[/b] You can learn more about the current situation on AUD/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CHF and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]

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