USDCHF Daily Forecast: May 27

By IBTimes Staff Reporter | May 26 2010 10:00 PM

USDCHF Forecast

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The USDCHF didn’t make significant movement yesterday. Price is still in consolidation phase in the last several days but still within a major bullish scenario. I made adjustment to the range area and the range area now is between 1.4450 – 1.1695 as price has been moving in that area since May 19. We need a break from the range area to see clearer direction. In nearest term the best strategy is to short around 1.1695 or long around 1.1445 with tight stop loss.

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USDCHF Daily Forecast: May 26

USDCHF Daily Forecast: March 09

USDCHF Daily Forecast: December 31

USDCHF Daily Forecast: May 24

USDCHF Daily Forecast: February 23

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