Tanalys

USD/CHF Inside Day at Top of Short Term Channel

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

USDCHF traded into late August lows and failed again. The level is reinforced by short term channel resistance (upward sloping).

-The line that extends off of the July and September highs may come into play as resistance later this week. The line crosses about .9257 on Thursday and decreases 7 pips per day.

Trading Strategy: Flat

LEVELS: .9037 .9063 .9110 | .9177 .9214 .9270

Exit mobile version