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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Monday, June 14, 2010

USD/CHF - ANOTHER GOLDEN OPPORTUNITY ??

The Currency pair USD/CHF has been  drifted down last week from 1.1600 to 1.1430 and closed higher low at 1.1491 on Friday.
Right now it is traded toward South at 1.1360 with high acceleration, and the level at 1.1234 may be violated soon (1.1234 is the 0.382 Fibo Retr. Level as shown in the below chart. A), Breaking the support at 1.1234 exposes 1.0929

The updated Chart B with Guppy trend lines below  confirm the Bearish descent....
GMT 11:55 Mon,; US PACIFIC 04:55 Mon,; KL/SINGAPORE/BEIJING 19:55 Mon


Your SELL DOWN the pair should bear good fruits....


Chart A


Chart B

    
HAPPY TRADING..

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