Forex Brokers

 

USD CHF - Dollar Swiss Franc

By:   Arnaud Jeulin
  • 2009-06-01
0
votes
 

Short term (Intraday)

1,1129. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,1280 resistance (151 pips).
=> We could take a long position at 1,1100. We will put the stop loss below 1,1050 (-50 pips). The targets are 1,1240 (+140 pips, risk/reward 1:2.8), 1,1280 (+180 pips, risk/reward 1:3.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,1170 - 1,1240

Supports
1,1050 - 1,1000

Forex Chart Forex Chart Forex Chart Forex Chart


Share:
 Wikio
Next Analysis:
Content Provided by:
Arnaud Jeulin - http://www.mataf.net/

Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 
 Related Products

Broad Market Analysis

Price: $ 49.95

Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...

 

Controlling the Trade

Price: $ 49.95

Overview This course is more than simple rules, this class explores and shows you how to ...



  • Comments

Add a Comment
Title:
Your Opinion:
Become a member and get 6 free Forex courses by Online Trading Academy!

  • Chart

  • Survey

What is the most important issue when choosing a broker?

Fast withdraws
Leverage
Regulation
Technical Support

ForexPros.com Newsletter

  • Sponsored Links

  • Choose from thousands of proven systems. Check performance and build your portfolio. Sign up today and get a FREE practice account!

  • Make Money 24 Hours a Day
    With One of Our 4 Auto Trading Systems

  • Trade The Major Stock Indices,
    Commodities, Metals, and Forex.
 
 

Special Offers: