InstaForex - Analytics


    699.25 6.25/10
    61% of positive reviews

    USD/CHF Technical Analysis for April 26, 2012


    Show full picture

    Technical summary:

    As long as support at 133.51 protects the downside, the upward correction from 130.14 could still move higher towards 137.65, but a break below 133.51 will indicate, that wave (iv) ended already at 136.69 and wave (v) lower towards 125.98 is developing. Short-term resistance is found at 1355.35 and again at 135.94 which needs to be broken to confirm one last rally higher towards 137.65.

    Trading recommendations:

    We are short EUR at 133.90 with stop placed at 136.00. If you are not short EUR yet, you should only sell upon a break below 133.51

    Mourad El Keddani neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree