» USDCHF Daily Forecast: July 02

USDCHF Daily Forecast: July 02
July 2nd, 2009 @ 12:12 am by Setyo Wibowo

USDCHF Daily Forecast

The USDCHF had a bearish momentum yesterday. On h4 chart below we can see that the the triangle was broken to the downside indicating bearish outlook. The bias is bearish in nearest term targeting 1.0650. Immediate resistance is seen at 1.0770. Break above that area should take us back into no trading zone. CCI just cross he -100 line down on daily chart suggesting potential downside pressure.

usdchf4hchart

No Responses to “USDCHF Daily Forecast: July 02”

Leave a Reply

Submit Your Comment

No comments posted yet.

Join the Forex Community!

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Follow us on Digg! Subscribe to our RSS Feed!

Visit our Forex Forums

Educational Partners

FXOpen
The Geek Knows

Finance Blogs - Blog Top Sites
Blogarama - The Blog Directory Fave this Blog on Technorati