By
4X EagleEye |
Technical Analysis | Nov 16, 2010 07:57AM GMT |
Short Term Market Outlook
Up TrendWe should be moving up as long as (0.9753) is not broken.. USDCHF is heading upward as long as it remains above (0.9753) any four hours close above (0.9938) will open the way for the instrument to test the next resistance level at (1.0004). Any four hours bare close below (0.9753) will change instrument’s direction. Traders should consider buying every depth with a stop loss at (0.9753).
Currency Daily ProfileDaily 200 SMA 1.0502
Daily 100 SMA 1.0036
Daily 50 SMA 0.9746
Daily Stochastic 92.8682
10 Days ATR 0.0102
Important Price LevelsResistance 0.9895 0.9938 1.0004 1.0047 1.0113
Support 0.9810 0.9768 0.9720 0.9684 0.9611
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