Sponsors

USDCHF Analysis. Jan 9, 2008

Long Term Forex Analysis | by ForexCycle.com | Tuesday, 08 January 2008 20:11 UTC

USDCHF might be forming a cycle bottom at 1.1017 on daily chart. Further rebound towards 1.1595 is still possible. Near term support is at 1.1017, as long as this support holds, we'd expect rebound to continue.

For long term analysis, the pair formed a long term cycle bottom at 1.0890 on weekly chart, and as long as 1.0890 support holds, rise towards 1.2900 area is in favor.

usdchf daily chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.