USDCHF: Traded up to 0.9910

Jim Langlands FX Charts

USDCHF: 0.9900

US$Chf has traded up to 0.9910 and looks set for further gains in the coming session although I think it will be generally fairly steady ahead of tomorrow’s US Jobs data

1 hour/4 hour indicators: Turning higher

Daily Indicators: Turning higher

Weekly Indicators: Neutral

Preferred Strategy: With both the short term and daily momentum indicators looking constructive we could see a run back to 0.9940/50 and possibly to 1.0000+.

Buy US$Chf @ 0.9880. SL @ 0.9840, TP @ 0.9980.

Resistance		Support
1.0000	Psychological	0.9854	Session low
0.9975	Minor	0.9835	100 WMA /5 Dec low
0.9946	21 Nov high	0.9805	200 DMA
0.9910	Session high	0.9783	Chart Gap
0.9895	(76.4% of 0.9946/0.9776)	0.9735	1 Dec low /100 DMA

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

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