Long Term Forex Analysis

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USDCHF is testing 1.1416 previous high resistance
Sat, Oct 4 2008, 01:20 GMT
by Franco Shao
ForexCycle.com
USDCHF is testing 1.1416 previous high resistance. Further rise could be seen to 1.1800 zone after consolidation, and a break of 1.1416 will confirm such case. Initial support is at 1.1055 and followed by the up trend line from 1.0010 to 1.0693, as long as 1.1055 support holds, we'd expect up trend to continue.
For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2000 zone after consolidation.

Published on
Sat, Oct 4 2008, 01:20 GMT
Archive
- USDCHF is testing 1.1416 previous high resistance
Published On Sat, Oct 4 2008, 01:20 GMT
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Published On Wed, Oct 1 2008, 03:29 GMT
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- USDCHF formed a cycle top at 1.1416
Published On Sat, Sep 20 2008, 03:01 GMT
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