USD/CHF Reverses at 50% Retracement

| 11 april, 2013 | 0 kommentarer

DailyBars

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Reverses at 50% Retracement

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: The USDCHF decline paused at the 50% retracement (.9294) but the close beneath channel support argues for a deeper decline. Recent comments are still valid; “The drop below multi-month trendline support argues for at least a deeper setback with .9294 and .9229 of interest. I mention ‘at least’ because it’s also possible that a major top is in place (look at the weekly, which sports a potential year+ long head and shoulders top).”

FOREXTrading Strategy: Stop on shorts is moved down to .9370. Strength above would have me looking for a top near .9396.

LEVELS: .9184 .9229 .9294 .9367 .9433 .9471

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 *