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Forex Trading | USD/CHF : Longer Term Trading Approach: ForexAbode.com

USD/CHF long term trading approaches
 
Forex Trading : USD/CHF - Mid to Longer Term Trading Approach

USD/CHF:  Current 1.0740 (Sunday, March 7, 2010).
Trend: Recent uptrendslowing down

Please refer daily charts and not short-term charts e.g. hourly charts.

Last week we had mentioned:  “We expect USD/CHF to move down to 1.6580 and then possibly 1.0610 in the coming days”. Well, the pair moved down to 1.6490 during previous week.

Analysis: The uptrend is clearly slowing down. The currency pair is moving in a wide sideways movement.  We expect a sideways movement for some time but expect USD/CHF to move down to 1.6000 in coming days.

 

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For short term trades, please refer to daily technical analysis for USD/CHF.

 
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