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August 8, 2014

USD/CHF Daily forex post- US session August 8, 2014

Posted by: ffs @ 14:06 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 8, 2014 14:06:00 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 reversed earlier losses, but continues to remain weak versus the Swiss franc on Friday. No changes in the outlook unless the pair settles below 0.9050. The near term upside could also remain capped 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: 9788
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