USD/CHF forecast
22 February 2009
H4 graph
The pair is climbing to the level 1.1300.
The breaking of "Â-Â+" trend has cleared the way to target of dropping - level 1.1300.
Variants of events to develop:
1. Resuming of descending trend from the level 1.1590.
This scenario is cancelled if the pair will manage to rise above 1.1630 (see Variant 2).
2. In case the pair goes above 1.1630, it will bump the resistance at 1.1700, and descending motion with the target of 1.1300 should be resumed from there.
This scenario is cancelled if the pair will manage to rise above 1.1750.
The breaking of "Â-Â+" trend has cleared the way to target of dropping - level 1.1300.
Variants of events to develop:
1. Resuming of descending trend from the level 1.1590.
This scenario is cancelled if the pair will manage to rise above 1.1630 (see Variant 2).
2. In case the pair goes above 1.1630, it will bump the resistance at 1.1700, and descending motion with the target of 1.1300 should be resumed from there.
This scenario is cancelled if the pair will manage to rise above 1.1750.
Supports:
none
Resistances:
1.1590 / 1.1675 (1.1700)
none
Resistances:
1.1590 / 1.1675 (1.1700)
Trading recommendations:
I advise to trade in EUR/USD
I advise to trade in EUR/USD
Daily graph
The breaking of "Â-Â+" trend has cleared the way for dropping to the level 1.0855
