empty
 
 
05.11.2012 12:10 PM
USD/CHF Intraday: Further Upside

This image is no longer relevant

Overview:
USD/CHF is consolidating with bullish bias after hitting three-week high of 0.9417 this morning. The pair is supported by positive USD sentiment; broadly stronger demand for safe-haven USD as risk aversion mounts.
Preference:
Buy above 0.938 with targets 0.946 and 0.9485 in extension.
Resistance Levels:
R1 - 0.946
R2 - 0.9485 (Sept. 10 high)
R3 - 0.9540 (100-day moving average) 
Alternative scenario:
Sell below 0.938. Below 0.938 look for further downside with 0.9365 & 0.9345 as targets.
Support Levels:
S1 - 0.9365
S2 - 0.9345
S3 - 0.9309 (Friday's low)
Technical Comment:
The pair has broken above its resistance and remains on the upside. Daily chart is positive-biased as MACD is in bullish mode, stochastics has turned bullish.

 

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $10000 more!
    In January we raffle $10000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback