|USD/CHF : The bearish rally doesn't stop|
--- New analysis ---
A new bearish wave occured last friday on the pair USD/CHF who continues its bearish rally started on September 7th. Our objective at 0.93 has been reached and the price is currently making a pullback on this level as resistance.
On the medium term, the pair got out of its bearish channel (purple lines) from the bottom, making appear a new bearish channel in h1 (black lines). We continue to advise short positions as far as 0.94 is resistance. A pullback on the lower band of the channel in h4 is possible before a new bearish wave towards 0.92. The breakout of this level will give a new sell signal.
In case of return above 0.94, we will be neutral between this level and 0.95.
Analysis published by Bruno, the 09/17/2012 at 12h15 GMT+2
|Complete sheet of the pair USD/CHF - Previous USD/CHF Analysis|
|Chart of the pair USD/CHF - Timeframe 4H|
|Chart of the pair USD/CHF - Timeframe 1H|
|USD/CHF Live Chart - Timeframe : 4h|