chf  DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 18 Nov 2015 23:52GMT

Trend Daily Chart
Up

Daily Indicators
Rising

21 HR EMA
1.0175

55 HR EMA
1.0145

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
63

14 HR DMI
+ve

Daily Analysis
Consolidation b4 marginal rise

Resistance
1.0284 - 1.236 times ext. of 0.9072-0.9903 fm 0.9257
1.0240 - 2015 high (Jan 14)
1.0221 - Y'day's high

Support
1.0128 - Y'day's low
1.0095 - Last Fri's high (now sup)
1.0044 - Mon's low

. USD/CHF - 1.0192.. Despite a brief retreat to session low at 1.0128 in Europe, the greenback rallied to 1.0217 on SNB Jordan's comments, then higher to a fresh 10-month peak at 1.0221 following release of FOMC minutes b4 easing.

. On the daily chart, Tue's rally abv Mar's 1.0129 top to 1.0171, then higher to a fresh 10-month peak at 1.0221 y'day signals the erratic uptrend fm Jan's trough at 0.7360 has once again resumed n further gain twds 2015 peak at 1.0240 (Jan) would be seen after minor consolidation. Having said that, as the hourly indicators would display prominent 'bearish divergences' on such a move, strg gain is abv there is not envisaged this week n reckon 1.0300 would hold n yield a long overdue correction. On the downside, only a daily close below last Thur's low at 0.9990 would indicate a temporary top has been made n yield stronger retrace. twds 0.9922 b4 prospect of another rise.

. Today, as price has retreated after y'day's brief rise to 1.0221, suggesting a minor top is made, we are holding a short position for 1.0140 n wud look to exit on next fall as y'day's low at 1.0128 wud remain intact n yield rebound. Only abv 1.0221 wud revive bullishness for gain twds daily 1.0240 res.
chf

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