USD/CHF's choppy recovery from 0.8921 extended further to as high as 0.9339 last week and touched 55 days EMA as expected. Further rise cannot be ruled out as long as 0.9126 minor support stronger resistance should be seen at near term falling trend line resistance (now at 0.9573) to limit upside and bring reversal. On the downside,below 0.
Apr 02, 2011 | ActionForex
USD/CHF's rebound from 0.8921 extended further last week and the break of near term trend line resistance, as well as 0.9201 resistance suggests that fall from 0.9774 is possibly finished at 0.8921 already. Initial bias remains on the upside this week and stronger rise could now be seen to 55 days EMA (now at 0.9362) and above. On the downside, below 0.
Mar 27, 2011 | ActionForex
USD/CHF's consolidation from 0.9201 continued last week. Initial bias remains neutral and more sideway trading might be seen. But even in case of another rise, upside should be limited by 38.2% retracement of 0.9774 to 0.9201 at 0.9420 and bring fall resumption. On the downside, break of 0.9201 will confirm fall resumption and should target 100% projection of 1.0065 to 0.9300 from 0.9774 at 0.
Mar 12, 2011 | ActionForex
We're sitting pretty neutral across most pairs at the moment, the pair most likely to see a shift in retail positioning today is GBPUSD with Manufacturing Production released at 4:30 EST and the BOE interest rate decision coming out at 7am EST.
Mar 10, 2011 | Pivotfarm
With a firm hold below the 0.9297 level, representing its 2011 low and further weakness seen the past week, we are looking for a further run to the downside.
By Mohammed Isah | Mar 06, 2011 | FX Tech Strategy
USD/CHF's recovery last week was limited at 0.9328, below 4 hours 55 EMA. Subsequent sharp fall argues that recent decline from 0.9774 might be resuming. Initial bias is cautiously on the downside for 0.9201. Break will confirm fall resumption and should target 100% projection of 1.0065 to 0.9300 from 0.9774 at 0.9009, which coincides with major medium term target. On the upside, above 0.
Mar 05, 2011 | ActionForex
USD/CHF dropped to as low as 0.9233 last week before forming a temporary low there and recovered. Initial bias is neutral this week and some consolidations should be seen first. But upside is expected to be limited by 4 hours 55 EMA (now at 0.9424) and bring fall resumption. As noted before, the break of 0.9300 support indicates that longer term down trend has resumed. Below 0.
Feb 26, 2011 | ActionForex
USD/CHF closed higher on Friday and the mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 38% retracement level of the June-December decline crossing is the next upside target.
Feb 14, 2011 | HY Markets
USD/CHF's rise from 0.9329 extended further last week and is back pressing 0.9782 resistance. As noted before, rebound from 0.9300 should be resuming. Initial bias remains on the upside this week and sustained break of 0.9782 will pave the way towards 1.0065 key resistance next. On the downside, below 0.9678 minor support will turn bias neutral and bring retreat.
Feb 13, 2011 | ActionForex
USD/CHF closed higher on Thursday as it extends the rally this week's decline above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the reaction low crossing is the next downside target.
Feb 11, 2011 | HY Markets
After some selling in yesterdays session AUDUSD has slipped back into the neutral zone. We saw some strength in the GBP yesterday however the strength of the GBPUSD in the long zone has weakened today.
Feb 10, 2011 | Pivotfarm
After edging lower to 0.9329 last week, USD/CHF staged a strong rebound to close at 0.9549. The break of the near term falling channel suggests that choppy fall from 0.9782 has completed at 0.9329 already. More important, the structure suggests that it's merely a correction to rise from 0.9300. Initial bias is on the upside this week for 0.9686 resistance first.
Feb 06, 2011 | ActionForex