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August 11, 2014

USD/CHF Daily forex post- US session August 11, 2014

Posted by: ffs @ 13:27 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 11, 2014 13:27:23 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 inching higher versus the Swiss franc, in a light session. The pair failed to extend losses from the previous session and even though the near term trend remains bearish, a close above 0.9050 in the day's session will lift the dollar to 0.9120- 0.9130

Trend direction

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

Trading Recommendations

  • Short:

    • Short the pair at 0.9125 with stops at 0.9160 for targets of 0.9030
  • Long:

    • N/A
Post ID: 9804
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