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Forex: USD/CHF Technical Analysis – All Quiet Near 0.91 Level

Forex: USD/CHF Technical Analysis – All Quiet Near 0.91 Level

2013-10-17 13:21:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are rising as expected after showing a Bullish Engulfing candle pattern
  • A close above 0.9082 (23.6% Fib) has exposed 0.9153 (38.2% Fib)
  • Reversing back below 0.9082 targets 0.8967, the October 3 low

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

dailyclassics_usd-chf_body_usdchf.png, Forex: USD/CHF Technical Analysis – All Quiet Near 0.91 Level

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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