updated analysis since 3 h
USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,2131. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,2060 (71 pips). The uptrend should continue on 1,2300 resistance (169 pips).
=> We could take a long position at 1,2110. We will put the stop loss below 1,2050 (-60 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.5), 1,2300 (+190 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a long position at 1,2110. We will put the stop loss below 1,2050 (-60 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.5), 1,2300 (+190 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 1,2200 - 1,2280
- Supports
- 1,2060 - 1,1960
- Long term chart
- USD/CHF - Dollar Swiss Franc
updated 01 déc 2008 14:07 GMT
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