Forex (foreign exchange) Currency trading

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USD/CHF - Dollar Swiss Franc

USD/CHF - Dollar Swiss Franc

Short term (Intraday)

1,1013. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a support above 1,0980.
=> We could take a long position at 1,0980. We will put the stop loss below 1,0950 (-30 pips). The targets are 1,1040 (+60 pips) 1,1080 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,1040 - 1,1080
Supports
1,1000 - 1,0980
updated 26 août 2008 13:38 GMT +02:00

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