USD/CHF Technical Analysis (US Dollar / Swiss Franc) - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

February 1, 2013 2:01 AM EST

Forextribe
Updated the:
01/31/2013
USD/CHF : The Swiss Franc has not said its last word

Sentiment :
sentiment sur la parité AUD/USD
0.9250
sentiment sur la parité AUD/USD
0.9172
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The Swiss Franc has not said its last word. the pair USD/CHF showed us this yesterday by a fall of 100 pips in the day. The price is currently testing the medium term major support at 0.9090 . This level corresponds to one of the slant of the medium term downtrend channel (purple lines). In the short term, this bearish rally has resulted in an output of the downtrend channel from the bottom.

We continue to advise long positions as far as 0.9172 is resistance. A pullback on this level should not be excluded before a resume of the downtrend. The support being tested could lead to a technical rebound to that level which corresponds to the lower limit of the short term bearish channel , as well as a parallel of the medium term downtrend channel.

The break of 0.9090 will give a new sell signal. The price will then continue its movement towards the psychological threshold at 0.90. In case of return above 0.9172, we will be neutral between this level and 0.9250
Full analysis

Analysis published by Bruno, the 01/31/2013 at 08h50 GMT+2

- Complete sheet of the pair USD/CHF - Previous USD/CHF Analysis -
Chart of the pair USD/CHF - Timeframe 1H
USD/CHF Technical Analysis
Chart of the pair USD/CAD - Timeframe 4H
USD/CHF Technical Analysis
  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV



E-Newsletters

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