USDCHF: Bullish offensive has decisively pushed USDCHF through the 0.8240 level, its Aug 29'2011 high and paved the way further strength.This development is consistent with the pair's corrective recovery started from the 0.7068 level. On …
USDCHF: Sharp reversal in 2011 from 0.7000 area is impulsive leg, and we know that impulses show direction of a current trend. As such, we think that pair is now bullish for minimum three wave rise; A)-B)-C). In the last few months we have …
Average Time Frame of Trades: One week to several weeks. USDCHF is starting to look attractive again as technical indicators point to a reversal of the recent bear move from 1.03439 to a current price of 0.98938. On the weekly chart, …
USDCHF- With corrective recovery strength fading and consolidation setting in, the possibility of a return to its Dec …
After experiencing a one-year downtrend, which ultimately culminated with a capitulation bottom ($0.7067 – August 9th, 2011), the USD/CHF has been on a tear – gaining 24% since. After hitting that low in August, the pair quickly rallied to …
Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More..... USD/CHF's decline continues today and reaches as low as 0.9824 so far. The break of 0.9858 support now argues that whole corrective fall from 1.0342 is resuming. Intraday bias …
Forexpros - The U.S. dollar extended sharp gains against the broadly weaker Swiss franc on Thursday, after comments from Swiss National Bank Vice President Thomas Jordan fuelled speculation the central bank would introduce further …
Also, when price is falling and RSI is crossing below 50 horizontal reference line, a sell signal is generated. Learn Forex: USDCHF Forex Triangle with RSI In the example above, USDCHF is trapped in range between 0.9450 and 0.8900. …
Daily Pivots: (S1) 0.9472; (P) 0.9533; (R1) 0.9569; More... Intraday bias in USD/CHF remains neutral as it's staying in range of 0.9437/9699. At this point, we remain cautious on strong support from 0.9443 key support to bring reversal. …
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near-term support is at 0.9704, a breakdown below …