FXstreet.com

Short Term Analysis

1

0

USDCHF formed a trading range between 1.0148 and 1.0285

Tue, Nov 3 2009, 01:33 GMT
by Franco Shao

ForexCycle.com


USDCHF formed a trading range between 1.0148 and 1.0285. Pullback to 1.0100 to reach next short term cycle bottom on 4-hour chart could be seen in a couple of days. However, the price action from 1.0285 is more likely consolidation of uptrend from 1.0032, as long as 1.0032 support holds, we’d expect uptrend to resume and another rise towards 1.0400 is possible.


USDCHF 4H 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

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT

The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT

Forex Analysis on Majors - Euro. Price Range Is Getting Narrow by Forex Ltd
Fri, Nov 20 2009, 13:21 GMT

Daily Trading Forecast - USD Still Caught in Narrow Ranges by Swiss e Trade AG
Fri, Nov 20 2009, 11:19 GMT

Markets Chartist Technical Analysis - S&P 500 & Mini dow Jones by Charmer Charts.com
Fri, Nov 20 2009, 10:21 GMT

usdchf

View All

Related content

Forex: USD/CHF above 1.0200
FXstreet.com | Fri, Nov 20 2009, 12:56 GMT

CORRECTION: Forex: USD/CHF fails to break above 1.0200 and falls below 1.0130
FXstreet.com | Thu, Nov 19 2009, 20:56 GMT

Forex: USD/CHF fails to break above 1.0200 and falls below 1.0230
FXstreet.com | Thu, Nov 19 2009, 20:51 GMT

Forex: The Euro rises against the GBP and CHF
FXstreet.com | Thu, Nov 19 2009, 15:31 GMT

Forex: USD/CHF hits 1.0195 as fresh daily high on its way to trade above 1.0200
FXstreet.com | Thu, Nov 19 2009, 12:40 GMT

usdchf

View All

Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.