The day for achieving parity for USD/CHF is unavoidable near term.
Daily Chart
Weekly chart with triple Tops Formation
Daily Chart with Ichimoku
Looking at the WEEKLY Chart, we may note the formation of Triple Tops, and the current extreme bearish sentiments shall send this pair toward the 0.9916 (its low on Nov, 2009).
The daily chart with trend line is enhancing the bearish trend even though the PA has breached the upper trend line temporarily.
AN INTERSTING POINT TO NOTE, The moment this currency pair touches its new low,that will be the excellent LONG trades opportunities never to be missed by all FX traders.
On the Daily Chart with Ichimoku, the same bearish sentiments are presented., and the testing for the recent low at 0.9916 cannot be discarded.
However, on the upside, only breaching the Ichimoku cloud top resistance near 1.0520 (also near the 23.6% Fibo ) WILL THEN CONFIRM ITS BULLISH REVERSAL.
No comments:
Post a Comment