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Long Term Forex Analysis
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USDCHF breaks above this price channel resistance
Sat, Apr 26 2008, 03:51 GMT
by Franco Shao
USDCHF breaks above this price channel resistance and up trend resumes. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870, only fall below this level could signal the resumption of the long term down trend.
For long term analysis, USDCHF is in long term down trend. As long as 1.0750 resistance holds, deeper decline towards 0.9000 area is in favor.
Published on Sat, Apr 26 2008, 03:55 GMT
Archive
- USDCHF is testing 1.1416 previous high resistance
Published On Sat, Oct 4 2008, 01:20 GMT - USDCAD rebounds sharply from 1.0297
Published On Wed, Oct 1 2008, 03:29 GMT - GBPUSD rebounded to 1.8668 level
Published On Sat, Sep 27 2008, 01:39 GMT - EURUSD broke above 1.4705 key resistance
Published On Wed, Sep 24 2008, 01:49 GMT - USDCHF formed a cycle top at 1.1416
Published On Sat, Sep 20 2008, 03:01 GMT
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