Thursday, February 3, 2011

Forex news USD / CHF:Exchange rates once again found strong support at 0.9320

Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 0.9415, 0.9450, 0.9515 and 0.9540.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CHF.
Stochastic Oscillator is in the neutral zone and not currently send a clear signal as the% K line merged with the line% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair again could intensify the upward correctional movement, we need to wait for the breakdown of the resistance level of 0.9440, which will open the path to levels of 0.9475, 0.9500 and 0.9540 / 50.
Resistance levels: 0.9440, 0.9475, 0.9500, 0.9540/50
Current Price: 0.9402
Support levels: 0.9380, 0.9340, 0.9320, 0.9300, 0.9260/50

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