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August 10, 2014

USD/CHF Daily forex post August 11, 2014

Posted by: ffs @ 11:09 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 10, 2014 11:16:05 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9088 0.9097 0.9030 0.9051 -0.0038
Today's Support and Resistance
Resistance
Support
R3 0.9220
R2 0.9130
R1 0.9090
S1 0.9020
S2 0.9000
S3 0.8960

The dollar looks to have topped out at 0.9090- 0.9130, versus the Swiss franc, at least in the near term. Look for the declines to extend to trendline supports at 0.8960- 0.9000, with the upside capped at the resistances. However, close above the resistances and the gains should extend to the top end of the long term bearish channel at 0.9200- 0.9220

Trend direction

  • Short term: Bearish
  • Medium term: Bullish
  • 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: 9790
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