Wednesday, August 28, 2013

USD/CHF-Something about .9170s




4Hour


eliottWaves_usd-chf_body_usdchf.png, USD/CHF-Something about .9170s


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0



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FOREXAnalysis: Continued responses from .9170 are impressive in USDCHF. The 8/8 low was .9174. The 8/20 low was .9146 but priced closed at .9173 that day. The low for the last 2 days was .9170. The market remains capped at by the 20 day average for now (just as the EURUSD and GBPUSD are supported by their respective 20 day averages).




FOREXTrading Strategy: Flat



LEVELS: .9073 .9146 .9208 .9234 .9287 .9312





USD/CHF-Something about .9170s

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