USD/CHF - Dollar Swiss Franc, American Session - 26/03/08
0,9982. USD CHF broke 1,0050 support. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 0,9820 (160 pips) support.
=> We could take a short position at 0,9980. We will put the stop loss above 1,0020 (-40 pips). The targets are 0,9930 (+50 pips) 0,9820 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a short position at 0,9980. We will put the stop loss above 1,0020 (-40 pips). The targets are 0,9930 (+50 pips) 0,9820 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 1,0010 - 1,0055
- Supports
- 0,9955 - 0,9930
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