acetraderfx
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DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 27 Jun 2014 00:18GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
0.8935
55 HR EMA
0.8935
Trend Hourly Chart
Sideways
Hourly Indicators
Neutral
13 HR RSI
49
14 HR DMI
+ve
Daily Analysis
Consolidation with mild upside bias
Resistance
0.9037 - Jun 05 3-1/2 month high
0.9013 - Last Mon's high
0.8975 - Last Fri's high
Support
0.8908 - Wed's n Jun 05 low
0.8867 - 50% r of 0.8698-0.9037
0.8821 - 06 May low
. USD/CHF - 0.8934... Although the greenback traded sideways in Asia y'day n edged lower to session low at 0.8922 at European open, renewed buying emerged there n price rose to an intra-day high at 0.8957 in NY morning on dlr's broadbased strength. Later, price retreated to 0.8941 b4 moving narrowly in NY.
. Looking at the hourly n daily charts, despite Wed's re-test of 0.8908 (reaction low fm 0.9037), failure to penetrate this near term key sup suggests further choppy 'sideways trading' inside the near 3-week range of 0.8908-0.9037 wud continue with mild upside bias n abv last Fri's high at 0.8975 wud extend marginally but res 0.9013 shud remain intact n yield another fall later. On the downside, below 0.8908 wud confirm the 3-legged rise fm Mar's near 2-1/2 year trough at 0.8698 has formed a temp. top at Jun's 3-1/2 month peak at 0.9037 n risk stronger retracement twds 0.8867, being the 'natural' 50% r of said move, however, sup at 0.8821/27 (May 06 low n 61.8% r resp.) shud hold.
. Today, we are holding a long position entered y'day for gain to 0.9000 n although below 0.8908 wud extend weakness, prominent 'bullish convergences' on hourly oscillators wud prevent steep fall n yield rebound.
Last Update At 27 Jun 2014 00:18GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
0.8935
55 HR EMA
0.8935
Trend Hourly Chart
Sideways
Hourly Indicators
Neutral
13 HR RSI
49
14 HR DMI
+ve
Daily Analysis
Consolidation with mild upside bias
Resistance
0.9037 - Jun 05 3-1/2 month high
0.9013 - Last Mon's high
0.8975 - Last Fri's high
Support
0.8908 - Wed's n Jun 05 low
0.8867 - 50% r of 0.8698-0.9037
0.8821 - 06 May low
. USD/CHF - 0.8934... Although the greenback traded sideways in Asia y'day n edged lower to session low at 0.8922 at European open, renewed buying emerged there n price rose to an intra-day high at 0.8957 in NY morning on dlr's broadbased strength. Later, price retreated to 0.8941 b4 moving narrowly in NY.
. Looking at the hourly n daily charts, despite Wed's re-test of 0.8908 (reaction low fm 0.9037), failure to penetrate this near term key sup suggests further choppy 'sideways trading' inside the near 3-week range of 0.8908-0.9037 wud continue with mild upside bias n abv last Fri's high at 0.8975 wud extend marginally but res 0.9013 shud remain intact n yield another fall later. On the downside, below 0.8908 wud confirm the 3-legged rise fm Mar's near 2-1/2 year trough at 0.8698 has formed a temp. top at Jun's 3-1/2 month peak at 0.9037 n risk stronger retracement twds 0.8867, being the 'natural' 50% r of said move, however, sup at 0.8821/27 (May 06 low n 61.8% r resp.) shud hold.
. Today, we are holding a long position entered y'day for gain to 0.9000 n although below 0.8908 wud extend weakness, prominent 'bullish convergences' on hourly oscillators wud prevent steep fall n yield rebound.
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