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Forex: USD/CHF Technical Analysis – A Triple Top Sub-0.94?

Forex: USD/CHF Technical Analysis – A Triple Top Sub-0.94?

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices pushed higher as expected after putting in a bullish Piercing Line candlestick pattern
  • Resistance is now at 0.9378 (38.2% Fib), with a break higher targeting 0.9449 (50 % Fib)
  • Turning below support at 0.9290 (23.6% Fib) eyesa rising trend line set from Feb12 (0.9165)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – A Triple Top Sub-0.94?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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