Update Time: 02 Aug 2011 08:10GMT
DAILY USD/CHF OUTLOOK – 0.7788
Despite dlr’s anticipated retreat fm 0.7857 to
0.7759, current rebound suggests further choppy con
solidation abv y’day’s record low of 0.7733 wud con
tinue n another rebound to 0.7823 n possibly twds
0.7857 cannot be ruled out b4 down.
Exit short n look to sell again on recovery for
resumption of fall to 0.7733 n then 0.7700/06.
Rate: 0.7788
Strategy: Exit short
Position: Short at 0.7850
Objective:
Stop-Loss:
Resistance: 0.7857/0.7904/0.7954
Support: 0.7733/0.7706/0.7672
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Update Time: 02 Aug 2011 07:31GMT
INTRA-DAY EUR/CHF OUTLOOK – +1.1005+
Euro’s breach of y’day’s low of 1.1030 signals
LT downtrend has once again resumed n further fall
to 1.1000 wud be seen, however, loss of momentum
shud prevent steep decline below 1.0981 n risk fm
there has increased for a correction.
Sell on recovery, stop as indicated, break wud
risk stronger 1.1074 b4 ‘down’.
Rate: +1.1005+
Strategy: +Target met+
Position: +Short at 1.1040+
Objective: 1.1005
Stop-Loss:
Resistance: 1.1074/1.1144/1.1203
Support: 1.1000/1.0981/1.0912
**************
Update Time: 02 Aug 2011 07:15GMT
INTRA-DAY EUR/CHF OUTLOOK – +1.1040+
Euro’s present anticipated weakness suggests LT
downtrend has possibly resumed n consolidation with
downside bias remains for a re-test of y’day’s life
time low of 1.1030, however, loss of momentum shud
prevent steep decline below there today.
Sell again on recovery, stop as indicated n only
abv 1.1144 wud prolong choppy trading n risk 1.1160
Rate: +1.1040+
Strategy: +Target met+
Position: +Short at 1.1090+
Objective: 1.1040
Stop-Loss:
Resistance: 1.1074/1.1144/1.1203
Support: 1.1030/1.0981/1.0912
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