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August 5, 2014

USD/CHF Daily forex post- US session August 5, 2014

Posted by: ffs @ 13:20 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 5, 2014 13:20:01 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9055 0.9072 0.9052 0.9065 0.0006
Today's Support and Resistance
Resistance
Support
R3 0.9230
R2 0.9120
R1 0.9070
S1 0.9050
S2 0.8980
S3 0.8960

The dollar is heading back to 0.9100 levels versus the Swiss franc on Tuesday. Key trendline resistances at 0.9120- 0.9130 likely to be tested in the day's session, before the pair could slide to 0.8980- 0.9000

Trend direction

  • Short term: Bullish
  • Medium term: Bearish
  • Long term: Bullish

Trading Recommendations

  • Short:

    • Short the pair at 0.9120 with stops at 0.9150 for targets of 0.9000

  • Long:

    • N/A
Post ID: 9736
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