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August 12, 2014

USD/CHF Daily forex post August 12, 2014

Posted by: ffs @ 03:56 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 12, 2014 3:56:25 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9053 0.9067 0.9048 0.9062 0.0011
Today's Support and Resistance
Resistance
Support
R3 0.9220
R2 0.9130
R1 0.9100
S1 0.9020
S2 0.9000
S3 0.8960

The dollar edged higher versus the franc in a light session on Monday. The pair could be heading back to the top end of the medium term bullish channel at 0.9100- 0.9130 in the near term, unless we see a close below 0.9000- 0.9020 in the day's session. Look to short the pair at the resistances

Trend direction

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

Trading Recommendations

  • Short:

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

    • N/A
Post ID: 9819
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