Welcome to my Trading Blog

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)

Sunday, August 8, 2010

USD/CHF ---- will it breach 1.0000 soon ??

USD/CHF shall retest its last Friday low at 1.3333 . Further strengthening of Swiss Franc is expected being in tandem with  the rising strength of Euros near term.

Extreme bearish sentiments are observed on H1/H4/DAILY/WEEKLY  Charts .

Daily/ Chf  Chart



Weekly USD /CHF Chart


On the Daily Chart, resistance 1 , being 1.0473  can be the critical  level for possible  reversal.

On weekly Chart, its next support is at 1.0290(Support 2), follow by 1.0220 (Support 3) , and breaking these two supports  may send this currency pair towards Parity. 
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)