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August 7, 2014

USD/CHF Daily forex post August 7, 2014

Posted by: ffs @ 04:02 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 7, 2014 4:02:47 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9088 0.9114 0.9068 0.9072 -0.0017
Today's Support and Resistance
Resistance
Support
R3 0.9230
R2 0.9160
R1 0.9120
S1 0.9050
S2 0.8990
S3 0.8970

The dollar edged lower versus the franc, coming off the session highs after grazing key trendline resistances at 0.9120, yet again. The gains are likely to be capped around the resistances and the declines likely to extend to 0.9000, during the week. Expect high volatility later in the session

Trend direction

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

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9768
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