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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)

Sunday, October 17, 2010

USD/CHF----when will it reverse back above 1.0000 ??

Weekly Chart USD/CHF



Daily Chart USD/CHF



USD/CHF has touched 0.9455 last week , indicating a bottom may have been attained,

On the Daily Chart, R3(Resistance ) is 0.96501, breaching this level and its next level 0.9721 (its next recent High as resistance), then REVERSAL is confirmed.

On the Weekly Chart, we note that  a Double Bottom/ Triple Bottom  pattern is being carved out, really for a Bullish reversal soon.

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