FXstreet.com

Long Term Forex Analysis

0

0

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.


USDCHF Daily Chart


Archive

ForexCycle.com  | China
http://www.forexcycle.com/ | info@forexcycle.com

Legal disclaimer and risk disclosure

Investment and trading decisions are solely your responsibility. None of the ForexCycle.com newsletters or web site materials should be interpreted as a recommendation or solicitation to take any short or long positions, or to take any specific action.

Related reports

Forex Analysis on Majors - Further Interest Rate Decrease in Japan may Cause Various Problems on the Market by Forex Ltd
Tue, Dec 2 2008, 08:32 GMT

Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Tue, Dec 2 2008, 08:15 GMT

Index Recommended Levels - Index Recommended Levels by FXtechtrade
Tue, Dec 2 2008, 08:12 GMT

U.S. Forex Market Commentary by GCI
Mon, Dec 1 2008, 22:25 GMT

Currency Majors Technical Analysis by Mataf.net
Mon, Dec 1 2008, 14:30 GMT

usdchf

View All

Related content

UPDATE 1-Swiss KOF indicator falls to lowest since June '03
Thomson Financial News | Fri, Nov 28 2008, 12:13 GMT

Swiss employment growth slows in Q3
Thomson Financial News | Thu, Nov 27 2008, 10:29 GMT

TABLE-Swiss non-farm payrolls up 2.0 pct in Q3
Thomson Financial News | Thu, Nov 27 2008, 08:52 GMT

Swiss employment grows at a slower pace in the third quarter
FXstreet.com | Thu, Nov 27 2008, 08:34 GMT

Switzerland Employment Level rises to 3.96M in the 3Q vs 3.92M in the 2Q
FXstreet.com | Thu, Nov 27 2008, 08:21 GMT

usdchf

View All

Interested in forex trading? forex brokerage firms!


Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
IG Markets
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.