Friday March 26, 2010 - 19:09:50 GMT
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FXTimes: Daily Technical Update USD/CHF: Bullish Outlook Stalled in Consolidation
USD/CHF: Bullish Outlook Stalled in Consolidation
- 4H: The USD/CHF continues to consolidate and is
now on a second leg of its flat correction. The bullish outlook was to
the 1.0860 area in the short-term. (Refer to Daily Technical Update 03.25.2010 USD/CHF).
- The bearish divergence with the stochastic suggests a possible
extended correction. It will be important for the market to keep the
pair above 1.0650 area to maintain our bullish outlook. The target may
have to be adjusted in the short-term.
- If the market breaks below 1.0650, our bullish outlook may be invalidated.
Commodity Trading Advisor
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completeness. CMS will not accept liability for any loss of profit or
damage which may arise directly, indirectly or consequently from use of
or reliance on the trading set-ups or any accompanying chart analyses.
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not be suitable for all investors.
All screenshots are made from VT Trader 2.0 and are of actual market data at the time of the screenshot.
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