English | العربية | Indonesian
Forex Education, Technical Analysis, Trading StrategiesTell me and I will forget; Show me and I will remember; Involve me and I will understand;
Filed under: Market Analysis | 11/27/09 04:16am UTC
swibowo

USDCHF Daily Forecast: November 27

USDCHF Forecast
The USDCHF failed to stay below 1.0000 area yesterday, topped at 1.0068 and closed at 1.0031. On h4 chart below we can see that price retreat to the upside and now above my trendline resistance (aqua, now support). This fact lead me to no trading zone area and we better stay away from the market for now. Another movement below the trendline should trigger further bearish pressure re-testing 1.0000 while consistent move above that trendline should trigger further bullish correction towards 1.0207 area.

usdchf4hchart

No Comments » RSS feed for comments on this post. | TrackBack URL

No comments yet.

Leave a Comment





Search Our Site
Subscribe to our RSS Feed!
Follow us on Twitter!
See us on YouTube!
Live Trading Room
Become a Member - Just $29.95 per month!
Live Trading Room - Connect to Room
Live Trading Room - Weekly Schedule
Free Services
Free Forex Lessons - Register Now!
Free ForexTester 2 Trial
Free NinjaTrader License
FREE Commentaries
Enter your email address to receive our FREE daily market commentaries:

FREE Commentaries

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

Educational Partner: FX Open
Strategic Partner: Currensee
Strategic Partner: ForexPros.com
Strategic Partner: IBT FX Center
Community Partner: TheGeekKnows.com

Risk Disclaimer: Investing in the Forex market involves substainal risk of loss, and only risk capital should be used when making such investments.
©2008 FX Instructor, LLC | Problem with the site? Click here to contact us.

';