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.
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