05-21-2010, 01:22 PM
|
|
Superior Investor
|
|
Join Date: Sep 2008
Posts: 11,435
|
|
USD/CHF Mid-Day Outlook
Some more sideway consolidations might be seen in USD/CHF for the moment, but still, another rise is in favor with 1.1267 support intact. Current rally from 1.0434 is expected to continue towards 161.8% projection of 1.0131 to 1.0897 from 1.0434 at 1.1673 next. On the downside, though, below 1.1267 will indicate that a short term top is formed, possibly with divergence condition in 4 hours MACD, and bring lengthier consolidations.
Read Full Out-Look by Action Forex |
Linear Mode
