VIEWS: 18 PAGES: 2 CATEGORY: Analyst Reports POSTED ON: 10/18/2012
USDCHF: With the pair breaking and holding below the 0.9238 level, further downside is likely in the days ahead.
Wednesday, 18th of Oct, 2012 FXTechstrategy Team email@example.com SPECIAL FOCUS USDJPY USDCHF: Bearish, Set To Correct Further Lower. USDCHF: With the pair breaking and holding below the 0.9238 level, further downside is likely in the days ahead. Further weakness should build up towards the 0.9193 level, its May 07’2012 low where a breach will aim at the 0.9100 level and ultimately the 0.9000 level, its big psycho level. Its daily RSI is bearish and pointing lower suggesting further declines. On the upside, the pair will have to return above 0.9274 level and the 0.9374 levels to end its present bearishness and then turn attention to the 0.9424 level. Above here will resume its short term uptrend now on hold towards its Sept 10'2012 high at 0.9482 followed by the 0.9606 level. On the whole, the pair remains biased to the downside in the medium term. To read the full version of this 7 model currency analysis check out FXT Technical Strategist Plus 1 www.FXTechstrategy.com The Ultimate Technical Research On Forex This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer 2
Pages to are hidden for
"Special Focus USDCHF"Please download to view full document