USDCHF - Average supports further gains

In line with both yesterday's, and this week's, positive calls Wednesday’s strong downside rejection impacted on Thursday’s sentiment. The crucial 13 day mvg avg again acted as a level to attracted buyers and another attempt to break above the Marabuzo line created Nov 1st was made. Although that level yesterday, it has been exceeded in Asia and while caution does need to be applied, our intraday technical studies are positive. So, this morning’s call is Bullish from the open but leaving room to also buy a 1.0041 dip, half of yesterday's net gains. The risk is 1.0007, Thursday’s low, with upside targets of 1.0095, last month’s peak, 1.0121 and 1.0153.

Average Supports


Any opinions, news, research, analysis, prices, trade recommendations or other information is provided as general market commentary and for educational purposes, and does not constitute investment advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profits or losses, and agree to hold and any authorized distributors of this information harmless in any and all ways. 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.

Forex, Futures, Stock, and/or Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, Futures, Stock, and/or Options markets. The information contained in these pages is neither a solicitation nor an offer to Buy/Sell Currencies, Futures, Stock, or Options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed.

Please also note that 3cAnalysis does not perform any regulated activities and does not report to any regulator.