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Forex: USD/CHF Technical Analysis – Trying to Form a Bottom

Forex: USD/CHF Technical Analysis – Trying to Form a Bottom

2013-10-28 07:10:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • A Doji candle above support at 0.8876 (61.8% Fib exp., Wedge bottom) may mark a rebound
  • Initial resistance is at 0.8933 (50% Fib); a break higher aims for 0.8991 (38.2% Fib)
  • Piercing support initially exposes 0.8805 (76.4% Fib)

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

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Trying to Form a Bottom

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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