empty
 
 
09.11.2012 11:32 AM
USD/CHF Intraday: Upside Prevails

This image is no longer relevant

Overview:
USD/CHF is consolidating with bullish bias after hitting two-month high of 0.9483 on Thursday. USD/CHF is underpinned by broadly stronger demand for safe-haven USD amid negative global risk sentiment; rise in Swiss unemployment rate to 2.9% in October from 2.8% in September. But USD/CHF gains tempered by positions adjustment before U.S. long weekend.
Preference:
LONG positions above 0.941 with 0.9485 and 0.9515 in sight.
Resistance Levels:
R1 - 0.9483-0.9485 (Thursday's high-Sept. 10 high)
R2 - 0.9515
R3 - 0.9538 (100-day moving average) 
Alternative scenario:
The downside breakout of 0.941 will open the way to 0.938 and 0.936.
Support Levels:
S1 - 0.938 
S2 - 0.936
S3 - 0.934 (Wednesday's low) 
Technical Comment:
The pair is facing a pull back on its support. Daily chart is positive-biased as MACD is bullish, stochastics stays elevated at overbought; five- & 15-day moving averages are rising.  

 

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback