Dollar Swiss Franc (USD/CHF) - 15/12/2005 - Archive

USD/CHF - Dollar Swiss Franc

USD/CHF - Dollar Swiss Franc

Short term (Intraday)

1,2842. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,2700 support. The price should continue to consolidate. The price should find a resistance below 1,2850.
=> We could take a short position at 1,2850. We will put the stop loss above 1,2880 (-30 pips). The targets are 1,2800 (+50 pips) 1,2770 (+80 pips) 1,2700 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,2850 - 1,2875
Supports
1,2815 - 1,2800 - 1,2770
updated 15 déc 2005 06:37 GMT +02:00

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