Chinese EspaƱol Wed, 20 Aug 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

Swiss Franc Technical Outlook

Wednesday, 23 July 2008 14:20:18 GMT

Written by Jamie Saettele, Technical Currency Analyst

Since the beginning of May, the USDCHF has traded in a choppy manner with a downside bias.

The only thing that is clear about any recent price action is that the rally from .9647 is in 3 waves (separated by a triangle).  This structure favors bears but the decline from 1.0624 is not an impulse.  Stand aside until things clear up.

< Prev    Next > [ Back ]