November 11, 2009 12:03 PM
USD/CHF - Bearishness Approaches 15-Month Low
By jchen
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Price action on USD/CHF, a daily chart of which is shown, has dropped to within just a few pips shy of the 15-month low (1.0030) that was hit just a couple of weeks ago. This occurs within the context of a clear and continuing accelerated downtrend that has been in place for almost a year now. For more technical analysis on this currency pair, please click here for Wednesday's (11/11/2009) Forex Chart of the Day.
- James Chen, CTA, CMT
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* Follow my intraday forex updates on Twitter: http://twitter.com/JamesChenFX" rel="nofollow" target="_blank
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