Usd/chf

[reky]

The downside potential is increasing for the dollar against the SWISS Frank in the absence of the US dollar's strength. Thus the expected situation for the pair today is a continuation to yesterday's move; the currency breached key support level yesterday which reflected the pressure on the selling side.

The trading range for today will be between the key resistance at 1.2080 and the key support at 1.1960.

The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.

selling USD/CHF below 1.2040 with a target at 1.1980, stop loss above 1.2080.

[sheva]

The downside potential is increasing for the dollar against the SWISS Frank in the absence of the US dollar's strength. Thus the expected situation for the pair today is a continuation to yesterday's move; the currency breached key support level yesterday which reflected the pressure on the selling side.

The trading range for today will be between the key resistance at 1.2080 and the key support at 1.1960.

The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.

selling USD/CHF below 1.2040 with a target at 1.1980, stop loss above 1.2080.

good signal but I think there is agood news for

dollar today I dont think it will get down 1.2000

[ngurah]

The USDCHF has by far been the most difficult pair to analyze over the past few months. This usually means that the pair is in a correction. The long term inverse head and shoulders (bullish) pattern that we have mentioned remains intact as long as price is above 1.1877. Near term, the decline from 1.2165 is in just 3 waves.
This could be a B wave in a larger correction from 1.1960. If so, then price should continue higher towards the confluence of the 50% of 1.2468-1.1960 / 100% extension of 1.1960-1.2165/1.2005 at 1.2211/14. The 7/6 high is also at 1.2232. This is the clearest count that we see at the moment. sm_smile

[sheva]

I think now it began the up trend

[Resolve]

This topic is being updated for further discussions...

[Resolve]

This topic is being updated for further discussions...