Daily Short Term Forex Analysis

[morihoo]

in this topic i put daily short term forex analysis with pictures.

[morihoo]

USDCHF Analysis.
USDCHF stays in a falling price channel and remains in downward trend from 1.0507. As long as the channel resistance holds, we�d expect downtrend to continue and deeper decline to 1.0200 is in favor.

[morihoo]

USDCHF Analysis.
USDCHF stays in a falling price channel and remains in downward trend from 1.0507. As long as the channel resistance holds, one more fall towards 1.0200 is still possible. Key resistance is at 1.0421, a break above this level will indicate that the fall from 1.0507 has completed at 1.0244 already, then another rise towards 1.0800 is expected to follow.

[morihoo]

USDCHF Analysis.
USDCHF might be forming a short term cycle bottom at 1.0132 level on 4-hour chart. Bounce towards the upper border of the falling price channel would more likely be seen in a couple of days, however, a break above 1.0210 is needed to confirm such case.

[goodshowt]

USD – CHF
Support at 0.9154 or 0.9120 should hold the downside for a correction to above 0.9223 zone.

[goodshowt]

USD – CHF
Current fall is near an end of wave around 0.9078 zone, a rally should then procede to above 0.9164. Fall below 0.9042 would cancel this scenario

[goodshowt]

USD – CHF
It looks set to visit further lower territory down to around 0.9109 - 0.9094. Its corrective attempts should fail ahead of 0.9135 - 0.9147. Stop loss above 0.9177 zone

[LeeMinHo]

I use Bollinger bands and support line to decide my target . Just see and wait my position

[goodshowt]

Res 2 0.9220
Res 1 0.9178
Pivot 0.9137
Sup 1 0.9094
Sup 2 0.9053

It is a triangle configuration. Market should break either side. Acceleration should occur above 0.9179 or under 0.9095 limits

[goodshowt]

Res 2 0.9169
Res 1 0.9125
Pivot 0.9096
Sup 1 0.9052
Sup 2 0.9023

Market should not go lower than 0.9074 - 0.9052. After this move down it should go up to 0.9110 - 0.9125 area