RSS
Tools
Nov 27
USD-CHF Technical - 24/Feb
Written by Praful Patat   
Thursday, 24 February 2011 05:36

USDCHF break 0.9347 support line going toward 0.9257 which is Fib No. 127.2% from 0.99101.2291 on weekly chart.  Now USDCHF is going down side to 0.9257 and back from there on intraday. If break of .9257, going down side to 0.8449, in bigger range and break of 0.9347 level further going up to 0.9843,1.0205.
Strategy: buy at 0.9260-90 area target 0.9522 with stop loss 0.9238.
New High:  0.9360, 0.9402, 0.9371
New Low:  0.9276, 0.9318, 0.9287
R3-0.9426, R2-0.9394, R1-0.9374, PP-0.9342, S1-0.9310, S2-0.9290, S3-0.9258

USDCHF break 0.9347 support line going toward 0.9257 which is Fib No. 127.2% from 0.99101.2291 on weekly chart.  Now USDCHF is going down side to 0.9257 and back from there on intraday. If break of .9257, going down side to 0.8449, in bigger range and break of 0.9347 level further going up to 0.9843,1.0205. 

Strategy: buy at 0.9260-90 area target 0.9522 with stop loss 0.9238.

New High:  0.9360, 0.9402, 0.9371

New Low:  0.9276, 0.9318, 0.9287

Pivot:

R3-0.9426,

R2-0.9394,

R1-0.9374,

PP-0.9342,

S1-0.9310,

S2-0.9290,

S3-0.9258