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USD/CHF - Dollar Swiss Franc
By: Arnaud Jeulin - 10-11-2008
0votesShort term (Intraday)
1,1762. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1805 (43 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2000 (238 pips).
We are waiting for a break of the resistance to take a long position.
Resistances
1,1805 - 1,1865
Supports
1,1700 - 1,1575
Next Analysis: USD/YEN forecast for the day - GMTContent Provided by:
Arnaud Jeulin - http://www.mataf.net/
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