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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 1.0579 (Sunday, March 14, 2010). 

Trend: correction in the recent uptrend.

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 1.6000 in coming days”. Well, the pair moved down as expected during previous week.

Analysis: The recent uptrend seems to be reversing. We expect USD/CHF to move down to 1.5160 in coming days.

 

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

 
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