1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Analysis from ForexCycle.com

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 1, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    USDCHF is forming a sideways consolidation in a range between 1.0842 and 1.1084. Pullback to retest 1.0842 medium term key support would more likely be seen in a couple of days, and a break down below this level will indicate that the rise from 1.0010 (July 15 low) has completed, and then deeper decline is expected to 1.0650 level. As long as 1.0842 support holds, we’d expect up trend to resume, and and further rise is expected to 1.1200 zone.

    [​IMG]

    http://blog.forexcycle.com/1185/daily-forex-analysis-september-2-2008/
     
Loading...

Share This Page