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USD/CHF - Dollar Swiss Franc
By: Arnaud Jeulin - 18-11-2008
0votesShort term (Intraday)
1,2004. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. 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 1,2010 (6 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2090 (86 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,2010 - 1,2090
Supports
1,1970 - 1,1910
Next Analysis: USD/JPY - Dollar YenContent Provided by:
Arnaud Jeulin - http://www.mataf.net/
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