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August 8, 2014

USD/CHF Daily forex post August 8, 2014

Posted by: ffs @ 04:25 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 8, 2014 4:25:36 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9074 0.9104 0.9063 0.9089 0.0017
Today's Support and Resistance
Resistance
Support
R3 0.9220
R2 0.9170
R1 0.9130
S1 0.9050
S2 0.9000
S3 0.8960

The dollar edged higher versus the franc on Thursday, continuing to oscillate in the 0.9050- 0.9130 range. The range could continue for some more time, unless there's a clear trigger for the declines to extend to 0.8960 -0.9000. On the upside, the gains should be capped around key medium term trendline resistances at 0.9130

Trend direction

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

Trading Recommendations

  • Short:

    • Short the pair at 0.9130 with stops at 0.9160 for targets of 0.9100
  • Long:

    • N/A
Post ID: 9780
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