Friday, December 27, 2013

Forex: USD/CHF Technical Analysis ? Rally Capped at Trend Line




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Talking Points



  • Prices rose as expected after showing a bullish Morning Star candle pattern


  • Breaking above the 0.8967 (trend line) targets 0.8991 (38.2% Fib ret.)


  • Turning back below 0.8930 (23.6% Fib ret.) exposes 0.8893 (14.6% Fib ret.)


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Rally Capped at Trend Line


Daily Chart – Created Using FXCM Marketscope 2.0



— Written by Ilya Spivak, Currency Strategist for DailyFX.com



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Forex: USD/CHF Technical Analysis ? Rally Capped at Trend Line

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