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USD/CHF Technical Analysis
(US Dollar / Swiss Franc)
Updated the: 05/17/2013 |
USD/CHF : Trend reversal validated ? |
Sentiment :  0.9596  0.9528  |
--- Follow up analysis ---
After a test of the resistance at 0.97, the pair USD/CHF has made a pullback on its former last highs at 0.9596 and found support on the first short term bullish slant (purple dotted line). During the night, the price has resumed its uptrend and is about to re-test the resistance at 0.97.
We continue to advise long positions as far as 0.9596 is support. The breakout of 0.97 The breakout of 0.97 will give a new buy signal and should allow a test of the daily resistance at 0.9775. In August 2012, the break of this level had led to a powerful trend reversal on the pair. In case of return below 0.9596 (this level corresponds to a second short term bullish slant - purple line), we will then advise to stay flat between this level and 0.9528. Full analysis Analysis published by Bruno, the 05/17/2013 at 09h00 GMT+2 |
Chart of the pair USD/CHF - Timeframe 1H |
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Live USD/CHF Chart - Timeframe : 1H*
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