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USD/CHF Analysis - May 25, 2011
Wednesday, 25 May 2011 05:48

Forex USD/CHF Intraday Analysis - May 25, 2011: Shaping a potential Double Top Pattern Line Break When Level passes

Yesterday: Open 0.8837 High 0.8893 Low 0.8783 Close 0.8799

Ever since Europeans began trading session yesterday, Frank began a bearish movement to pass through the support level at 0.8816.

Currently Frank tends bullish movement is limited given the stochastic is in overbought indicators. Potential Double Top pattern when a line break at the 0.8765 level exceeded.

There is no economic focus today for USD / CHF.

20110525_chf

When you have opened up opportunities to increase the resistance level 0.8893 and 0.8950.

We recommend that if the decline continues, opening opportunities to the support level at 0.8816 and 0.8765.

Prices shown on the graph H1 line MA05 and MA10 conditions tend bullish.

While the Stochastic indicator indicates bullish conditions is limited.