USD/CHF intraday: turning down

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Permalink Reply by princess Todd on January 17, 2009 at 1:16pm

Nice update anne. Looking at my daily FX chart my USD/CHF-market strategy can be a buy from the level 1.1200

Technical oscillators supporting the bullish trend for the currency pair

To strengthen my analysis; I use many other indicators, starting with MACD (Moving Averages convergence divergence); I notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, I use RSI (Relative Strength Index).With RSI; I determine that the market is in a bullish direction.

Regards

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Permalink Reply by Anne on May 12, 2009 at 2:28pm

The estimated test of key resistance range levels has been confirmed but OsMA trend indicator marks relative bearish activity rise and it is not a positive moment for the implementation of pre-planned short positions. At the moment, considering the current technical situation with bearish priority in planning of trading operations, but with the signs of incompleteness of rate correction period, we can assume probability of testing of 1,1100/20 resistance range levels, where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval.

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