in ANALISA by hafid zaini

7647081 7/13/2017 6:09 PM, CHF/INR intraday: below its lower Bollinger band


Our pivot point stands at 66.84.


Our preference

: the downside prevails as long as 66.84 is resistance.


Alternative scenario

: the upside breakout of 66.84, would call for 67.00 and 67.10.


Comment

: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 66.90 and 66.84). Finally, the CHF/INR is trading below its lower Bollinger band (standing at 66.68).


Supports and resistances

:

67.10 **

67.00 *

66.84 **

66.78

66.67 last

66.48

66.38 **

66.28 *

66.18 **