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Usd/chf -forecast
Resistance levels: 1.2110/1.2160/1.2190
Support levels: 1.2050/1.2000/1.1920
USD/CHF has fallen below 1.2050 previous Support earlier today as the break below may reverse the bias for retest of 1.1920 maybe next week. First Support comes at 1.2000. On the upside, a break abovve 1.2100-10 area gaian is needed for resuming the uptrend towards 1.2160 and 1.2230 target. Trade from short side for test of 1.2000 and 1.1920 next week as long as price is below 1.2100.
Strategy-neutral.
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The dollar against the SWISS Frank moved in a bearish pattern last Friday since it couldn't breach the major resistance level at 1.2180s hitting the major support at 1.1990s. Hence the pair might find the tendency to progress towards the downside as the US dollar continues to weaken.
The trading range for today will be between the key resistance at 1.2150 and the key support at 1.1990.
The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.
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 Originally Posted by ALiR
The dollar against the SWISS Frank moved in a bearish pattern last Friday since it couldn't breach the major resistance level at 1.2180s hitting the major support at 1.1990s. Hence the pair might find the tendency to progress towards the downside as the US dollar continues to weaken.
The trading range for today will be between the key resistance at 1.2150 and the key support at 1.1990.
The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.
it down with some up
I see the targets at at 1.1875 and 1.1665 is good
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You guys are realy doing good.Keep it up and watch out for my signals
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 Originally Posted by MRSaad
it down with some up
I see the targets at at 1.1875 and 1.1665 is good
this forecasting is some right
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The Dollar is rising across the board and Wall Street is extending its losses. Dow Jones is now falling 1.40%. The Swiss Franc in this context is falling against the Dollar. USD/CHF is now attempting to break above 1.0745 (May 29 and June 2 high). Next resistance is located at 1.0780. So far today the pair is rising 1.08% from the opening price.
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USD moved up a Low of 1.0841 to a High of 1.0886 and has 'consolidated' or traded sideways since then in a narrow range. If the strong upward momentum resumes a retest of 1.0919 and movement towards 1.0980 is expected in the coming sessions. Significant break above 1.0976 may lead us to set greater targets for the pair on the upside.
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Bullish
USDCHF
The USD-CHF currency pair has stopped at resistance of 1.0800 and is just starting to move lower.
On God We Trust, The Rest We Audit
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Last edited by ilearn2t; 08-12-2009 at 09:59 PM.
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