0 votes vote | Click to vote

USD/CHF - Dollar Swiss Franc, European Session - 18/11/08

17 Nov, 2008 @ 10:17 pm ET | written by Mataf


1,2004. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,2010 (6 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2090 (86 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,2010 - 1,2090
Supports
1,1970 - 1,1910

For more forex information, go to www.mataf.net

Related Articles:

  • Size: t1 t2 t3
  • Print: print
  • Email: email
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives