USD/CHF forecast
4 February 2009
H4 graph
A "triangle" figure has been formed just like in eur/usd. I have a lot of resistances above, and the daily graph is telling about heading down tendency, but we need look at which side the figure will be broken through.
1. In the case of breaking the figure downwards, the pair goes to 1.1034 level.
2. On breaking upwards, the pair goes to 1.2065 level.
1. In the case of breaking the figure downwards, the pair goes to 1.1034 level.
2. On breaking upwards, the pair goes to 1.2065 level.
Daily graph
A "triangle" figure has been formed just like in eur/usd. I have a lot of resistances above, and the daily graph is telling about heading down tendency, but we need look at which side the figure will be broken through.
1. In the case of breaking the figure downwards, the pair goes to 1.1034 level.
2. On breaking upwards, the pair goes to 1.2065 level.
1. In the case of breaking the figure downwards, the pair goes to 1.1034 level.
2. On breaking upwards, the pair goes to 1.2065 level.
