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USD/CHF : New test of last highs


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#1 ⇑ Haut ⇑ 27-02-2013 09:31:23

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USD/CHF : New test of last highs

We are bullish on the pair USD/CHF since the break of 0.9250. Then, an important resistance area has been formed on 0.9328. A pullback to 0.9250 already occured. The price is in a medium term bullish channel (black lines).

We continue to advise long positions as far as 0.9250 is support. This level corresponds to the lower band of the channel. The break of 0.9328 would allow a new bullish momentum towards the last highs at 0.9387 (December 7th and January 17th) and 0.94 in extension.

In case of return below 0.9250 (bullish channel output), we will be neutral between this level and 0.9211.

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-27022013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-27022013-2.png







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#2 ⇑ Haut ⇑ 01-03-2013 09:05:39

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Re: USD/CHF : New test of last highs

The pair USD/CHF got over the resistance at 0.9328 yesterday. This level has stopped the progression of the bullish movement for several days. A new buy signal has been given. The price is now close to the major resistance at 0.9387 (December 7th and January 17th). A test of this level could led to a pullback towards the support at 0.9328. This level also corresponds to a new short term bullish slant (purple line).

We continue to advise long positions as far as 0.9280 is support. This level corresponds to the lower band of the channel. The break of 0.9387 will give a new buy strong buy signal. Significant upside potential would be released.

In case of return below 0.9280 (break of the bullish slant), we will be neutral between this level and 0.9240 (low of February 25th).

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-01032013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-01032013-2.png




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#3 ⇑ Haut ⇑ 04-03-2013 09:42:18

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Re: USD/CHF : New test of last highs

The pair USD/CHF has continued its bullish movement after the break of the resistance at 0.9328. The breakout of the major resistance at 0.9387 (Highs of December 7th and January 17th) gave us also a new buy signal. The price made an output of its medium term bullish channel (black lines) and has reached a daily resistance at 0.9464. This level has been very active during last summer.

We continue to advise long positions as far as 0.9350 is support. This level corresponds to the short term bullish slant (purple line). The break of 0.9464 will give a new buy signal and should open the way towards 0.95 and then another daily resistance at 0.9562.

In case of return below 0.9350, we will be neutral between this level and the short-term support at 0.9288 (level of the lower band of the channel).

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-04032013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-04032013-2.png




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#4 ⇑ Haut ⇑ 07-03-2013 08:55:46

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Re: USD/CHF : New test of last highs

The pair USD/CHF made a pullback on 0.94 before resuming its uptrend. The break of the resistance at 0.9464 has given us a new buy signal. The price is moving again above the lower band of its medium term bullish channel (black lines). A new short-term uptrend channel (steeper) appeared. The pair is currently testing the upper limit (purple lines) towards 0.95.

We continue to advise long positions as far as 0.9387 is support. This level corresponds to the lower band of the short-term channel. The break of the daily resistance at 0.9562 will give us a new buy signal. 0.96 in extension could be reached.

In case of return below 0.9387, we will be neutral between this level and the short-term support at 0.9328 (lower band of the medium term channel).

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-07032013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-07032013-2.png




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#5 ⇑ Haut ⇑ 14-03-2013 09:21:13

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Re: USD/CHF : New test of last highs

The pair USD/CHF just made a double pullback on 0.9450, a level which corresponds to the lower band of the short-term bullish channel (purple lines). The price is currently testing its last annual high towards 0.9550. On the medium term, the price has once again come out from the top of its bullish channel (black lines). The upper band may be used as support for a new bullish wave.

We continue to advise long positions as far as 0.9387 is support. The break of the daily resistance at 0.9562 will give us a new buy signal. 0.96 and 0.9650 are next levels of resistances.

In case of return below 0.9450, we will be neutral between this level and 0.9388 (level of the lower band of the medium term channel).

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-14032013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-14032013-2.png




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#6 ⇑ Haut ⇑ 20-03-2013 09:53:03

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Re: USD/CHF : New test of last highs

After having stumbled on 0.9562 last week, a major correction occurred on the pair USD/CHF. The movement has ended on the major support at 0.9388 and the lower band of the medium term upward channel (black lines). Earlier this week, the pair opened on a bullish gap which suggests a resumption of the bullish trend movement. The price just got back above 0.9464 but faces a short-term bullish slant (purple line) as resistance.

We continue to advise long positions as far as 0.9440 is support. This level corresponds to the lower band of the medium term channel . The break of 0.9562 will give a new buy signal. 0.96 in extension could be achieved.

In case of return below 0.9440 (channel output), we will be neutral between this level and medium term major support at 0.9388.

USD/CHF 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-20032013.png

USD/CHF 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdchf-20032013-2.png




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    USD/CHF : New test of last highs



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