USD/CHF Bouncing Along Confluence of Channels

| 30 maj, 2013 | 0 kommentarer


eliottWaves_usd-chf_body_usdchf.png, USD/CHF Bouncing Along Confluence of Channels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The USDCHF is bouncing along the top side of the former neckline, and Elliott channel supports (topside of the corrective channel and 4th wave channel). Like the EURUSD, it’s possible that the recent violent swings compose a triangle but the important level for bigger picture bulls is the 5/14 breakout day low at .9520. 2 equal legs from the high would be .9541. In other words, the USDCHF is sitting on support but could slip to .9540…below .9520 (daily close) would suggest that the larger bullish breakout has failed.

FOREXTrading Strategy: Long, stop at .9575, if taken out then look for a low at .9520/40.

LEVELS: .9475 .9520/40 .9577 .9690 .9780 .9838

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *