dimanche 3 août 2008

USD/CHF daily chart


It's bullish time on a short term, main trend is down, but we are trying to reach a top before collapsing.

I think, rates could reach 1.0615 even 1.0680 before boucing to the downside.

On the daily chart, we are dealing above the cloud, the two Kijun sen, and tenkan sen have already crossed the span is crossing the rates.

RSI, and MACD have also crossed their neutral levels to the upside, so next resistance are seen arround 1.0690/1.0700 and 1.0720.


Currently we are long USDCHF at 1.0420 with a SL @ 1.0319 with target arround 1.0690.


In case be short USD/CHF at 1.0615 with a SL @1.0756 for 1.0330 and later 1.0000 as medium term target.

Be long at 1.0756 with SL 1.0615 for a test of 1.1000

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