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USDCHF - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Wednesday, August 30, 2006 at 01:59 GMT

USDCHF is topping on daily chart. Key support is at 1.2182, a break below this level may confirm the cycle top at 1.2422. Further fall towards 1.1919 level may be expected after the confirmation of the cycle top. For long term analysis, the pair will start its long term bearish movement after breaking below 1.2182, and the target would be below 1.1919 level.

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