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August 12, 2014

USD/CHF Daily forex post- US session August 12, 2014

Posted by: ffs @ 13:25 GMT Category: Daily Forex,Signals,USD/CHF

USD/CHF Technical view

Updated:  August 13, 2014 1:45:07 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
R3 0.9220
R2 0.9130
R1 0.9100
S1 0.9020
S2 0.9000
S3 0.8960

The dollar came off the session highs versus the franc after testing key resistances at 0.9100 briefly. Near term view continues to remain bullish with the gains likely to extend to 0.9130, before sliding to 0.8960- 0.9000

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 0.9030
  • Long:

    • N/A
Post ID: 9827
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