fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for CHF Mon Dec 09, 2013 8:47 am | |
| Technical Analysis for CHF The pair is trading again below key resistance level of the downside move around 0.9000 triggering a bearish wave last week. As for this week, there is a possibility of extending bearishness, as stability below the referred to level could extend bearishness further. The pair has to break the previous bottom around 0.8892 to strengthen the downside move further and cancel any response with momentum indicators that are showing oversold signals. Support: 0.8890, 0.8840, 0.8800, 0.8765, 0.8710 Resistance: 0.8930, 0.8960, 0.9000, 0.9030, 0.9065 Recommendation Based on the charts, sell the pair below 0.8935 targeting 0.8890, 0.8800 then 0.8710 and stop-loss above 0.9030 | |
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