Forex: USD/CHF Technical Analysis – A Triple Top Sub-0.94?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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 Feb’12 (0.9165)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.