USD/CHF Possibly on the Verge of a Significant Move

| 10 maj, 2013 | 0 kommentarer


eliottWaves_usd-chf_body_usdchf.png, USD/CHF Possibly on the Verge of a Significant Move

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: “The USDCHF rally from .9246 traced out 5 waves and the post NFP swings on Friday may have completed a 3 wave correction. Price is holding the 5/2 close, which is important. 5/2 was a large volume day (futures). Exceeding the trendline that extends off of the 2012 and 2013 highs could trigger a major breakout.” The USDCHF closed above the line today (barely). In the ‘year of the breakout’, ignore such happenings at your own risk. .9440/60 is support on a dip.

FOREXTrading Strategy: Long, stop moved up to .9330, target 1 at .9468 was hit, target 2 open

LEVELS: .9377 .9415 .9440/60 .9526 .9608 .9746

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 *