Dollar Swiss Franc (USD CHF) analysis

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Analysis updated since 11 h

USD/CHF - Dollar Swiss Franc

USD/CHF - Dollar Swiss Franc

Short term (Intraday)

1,0681. USD CHF broke 1,0720 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

We could take a short position at 1,0690. We will put the stop loss above 1,0720 (-30 pips). The targets are 1,0630 (+60 pips, risk/reward 1:2), 1,0600 (+90 pips, risk/reward 1:3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,0700 - 1,0720
Supports
1,0660 - 1,0590
Long term chart
USD/CHF - Dollar Swiss Franc
updated 20 juil 2009 12:41 GMT

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