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

USDCHF formed a short term cycle bottom at 1.1128

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Oct 12, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    USDCHF formed a short term cycle bottom at 1.1128 on 4-hour chart. Consolidation in a range between 1.1128 and 1.1486 could be seen in a couple of days. Further rise is still possible to 1.1800 zone after consolidation, and a break of 1.1486 will signal resumption of up trend. Only fall below 1.1128 level will indicate that the rise from 1.0693 (Sep 22 low) has completed, and then pullback towards 1.0000 zone is expected to follow.

    [​IMG]

    Daily Forex Market Analysis
     
Loading...

Share This Page