Special Focus USDCHF 01 21 12

Views:
 
     
 

Presentation Description

USDCHF: With a second week of declines sending the pair further lower the past week, the risk is for USDCHF to weaken more in the new week.

Comments

Presentation Transcript

PowerPoint Presentation:

1 Saturday, 21th of Jan, 2012 SPECIAL FOCUS USDJPY USDCHF: Bearish, Set To Correct Further Lower. USDCHF: With a second week of declines sending the pair further lower the past week, the risk is for USDCHF to weaken more in the new week. Although the pair continues to retain its medium term uptrend, its present correction has put that on hold and turned the risk to the downside towards the 0.9240 level, its Dec 21’2011 low. A clearance of that level will turn focus to the 0.9175 level, its Dec 08’2011 low. A halt may occur here and turn the pair back up but if that level breaks, lower level prices could shape up towards the 0.9063 level, its Nov 30’2011 low. Its weekly RSI is bearish and pointing higher supporting this view. On the upside, the pair will have to break and close above the 0.9591 level to resume its medium term and shift focus to the 0.9772 level, its Feb 11’2011 high. Further out, a violation of there will allow the pair to strengthen further towards the 0.9913 level, its Dec 07’2010 high followed by its psycho level at 1.0000 level. On the downside, the risk remains for the pair to decline further on further correction. To read the full version of this 7 model currency analysis check out FXT Technical Strategist Plus FXTechstrategy Team info@fxtechstrategy.com www.FXTechstrategy.com The Ultimate Technical Research On Forex

PowerPoint Presentation:

2 This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer

authorStream Live Help