USD/CHF Challenges Corrective Channel Line; Support Surrounds .9600

| 16 maj, 2013 | 0 kommentarer

DailyBars

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Challenges Corrective Channel Line; Support Surrounds .9600

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: An inverse head and shoulders pattern that began exactly 8 months ago (9/14/12) was confirmed Tuesday. The target from the pattern is 1.0111. In the ‘year of the breakout’, ignore such patterns at your own risk. It’s also a good sign for bulls that price was able to close above the 61.8% retracement of the decline from .9971. Channel resistance won today but look for support at the broken upward sloping channel line and neckline (both in blue).

FOREXTrading Strategy: Long, .9520 stop, target 1.0100 – will add if price re-tests neckline near .9600 and responds.

LEVELS: .9520 .9583 .9627 .9720 .9771 .9898

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 *