SD/CHF - Dollar Swiss Franc
Short term (Intraday)
0,9938. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0000. The downtrend should resume.
=> We could take a short position at 0,9940. We will put the stop loss above 0,9980 (-40 pips). The targets are 0,9800 (+140 pips) 0,9700 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
0,9960 - 0,9990
Supports
0,9920 - 0,9870
Long term chart
USD/CHF - Dollar Swiss Franc

updated 31 mars 2008 14:10 GMT

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