USD/CHF: The Swiss Franc jumps fast

25 January 2008 @ 06:31 am EDT

FXstreet.com (Barcelona) - The Swissy has rallied against the Dollar today, according to Tony Juste, FX advisor at FXstreet.com, due to the best combination of technical elements: "Today we probably had one of the best combinations of technical elements in the Swissy, when the MA's confirmed the long trigger around 1.0930. At that time, the unit was trading above the upper line of the intraday uptrend channel, signaling strong momentum. The MA's cross was just the extra confirmation needed to go with it, targeting the projected line of the channel @ 1.0960-65." From now on, according to Juste, levels stand as follows: "Extreme OB levels have moved up now to 1.0973, but so far so good with the trigger and the technical combination."

Copyright 2008 FOREXSTREET S.L, All rights reserved

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy