» USD/CHF - Dollar Swiss Franc, Asian Session - 28/02/08

USD/CHF - Dollar Swiss Franc, Asian Session - 28/02/08

1,0518. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 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 to gather momentum. The price should find a support above 1,0490. If the support is broken then the target will be 1,0450.
Resistances
1,0540 - 1,0610
Supports
1,0490 - 1,0450

Source : USD CHF

This entry was posted on Thursday, February 28th, 2008 at 23:04 and is filed under USD CHF. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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