15m 6s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=forex_pro&ad=b6-xQFbYb9U In today’s video, I’m going to do a general overview of each of the US currency pairs in anticipation of this week’s trading and I’m going to highlight some of the key levels that we will be looking for, for entry and exit opportunities when we get started trading this week after the bank holiday. I also want to make note that at the end of this week US jobs data will be released. I bring this up because the release from last month was significantly off of the forecast and produced some significantly high volatility. And so, we’ll look forward to that at the end of this week. So, let’s get started here on the US Dollar versus the Swiss Franc [USDCHF]. A couple of things to point out. The long-term downtrend channel highlighted between the two red trend lines that you see here on the chart. That’s important to note. Of course we had the Brexit news from a couple of weeks ago, which caused the market to run up towards the top of that downtrend channel, so that’s interesting to note as well. We also pushed through the 100-period moving average. But over the past week, since that Brexit news, we’ve seen the market pull back or go into some consolidation since that news and has come all the way back down on the gap from the weekend, back down into right around the 0.9700-level. Maybe a little bit below 0.9700, but right around 0.9700. Now it’s come right back up to 0.9750, so let’s just make note of our closest support and resistance level. The closest support will be the blue-shaded area, down here, again, right around that 0.9700-level. 0.9690, down to 0.9665 is the blue-shaded area. Interesting. If you follow it back in time, you see many times where the market found support and even resistance around that blue-shaded area, into the 0.9690 to 0.9665 zone. So, we know that that is clearly our support for the day today. Resistance will once again be back at the yellow-shaded area, and that’s back at 0.9785, 0.9750. You can, again, follow that back in time. We’ve mentioned many times where the market has found resistance where the black box is. Green circle. Green box. Red circle. Many times it’s found resistance around that area as well. So, we know that as long as it’s underneath there, there’s resistance. A break above the yellow zone likely looks for the return of the rise and the return of the uptrend back towards the top of our downward-facing trend channel, back into the mid to upper-0.9800s, the purple-shaded area up here at the top. If it finds resistance here again today, back down to the blue zone or lower could be what we’re looking for, for the USDCHF this week. https://www.youtube.com/watch?v=b6-xQFbYb9U Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.