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

USDCHF may be forming a cycle bottom at 0.9725

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 10, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF may be forming a cycle bottom at 0.9725 level on daily chart. Further rise towards 1.0066 would likely be seen next week, a break above this level will confirm the cycle bottom and indicate that the uptrend from 0.9463 has resumed, then next target would be at 1.3500 area. Support is at 0.9725, only break below this level could trigger another fall to 0.9650 area.

    For long term analysis, USDCHF has formed a cycle bottom at 0.9463 level on weekly chart. Bounce to 1.1000 is expected in next several weeks.


    Weekly Forex Forecast

Share This Page