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USDCHF, like other currencies, is looking to determine its long-term trend. Currently it seemed to have been trapped between 1.2450 and 1.2600 levels.
Short-term traders will have good opportunities to trade USDCHF for short trades as USDCHF seems to stay in the range for the time being. We can find a good buying level around 1.2488, which also will complete the short-term retracement for USDCHF.
RSI is also in the middle and is currently not suggesting any direction and we might see USDCHF being traded in range.
Trade: Buy USDCHF @ 1.2488 for Profit Level @ 1.2548 and Stop Loss @ 1.2458 Target is at 1.2598
USDCHF, like other currencies, is looking to determine its long-term trend. Currently it seemed to have been trapped between 1.2450 and 1.2600 levels.
Short-term traders will have good opportunities to trade USDCHF for short trades as USDCHF seems to stay in the range for the time being. We can find a good buying level around 1.2488, which also will complete the short-term retracement for USDCHF.
RSI is also in the middle and is currently not suggesting any direction and we might see USDCHF being traded in range.
Trade: Buy USDCHF @ 1.2488 for Profit Level @ 1.2548 and Stop Loss @ 1.2458 Target is at 1.2598
this would've worked great on a larger stop-loss. swissy is a stop-killer, i'd recommend at least 60 pips of stop , next time.
thank you zeejay , i was very busy
ok
this for EUR/USD recommendation chart
DATED 2006/11/11
In the short term, as long as 1.28 is a support, we are bullish with a target at 1.3125. Alternative scenario: A break below 1.28 would open the way to 1.265 and to 1.248. The daily technical indicators are bullish and do not show any reversal signs.
In the medium term, the pair exited from a bearish channel in place since May 2006, this calls for another leg up towards 1.3315.
GBPUSD took a good dip during this week and took some retrace from 1.8930 level. The retracement might continue towards 1.9058 level and GBPUSD will again make a move towards 1.8930 level and perhaps try to break that level as well.
The 1.8930 level will be a crucial one as break of this level will not only setup 1.8930 as new target level for GBPUSD but it will also get out of upward trend channel.
Trade: Sell GBPUSD @ 1.9058 for Profit Level @ 1.8998 and Stop Loss @ 1.9088 Target is at 1.8930
[IMG]chart analysis[/IMG]
EURUSD looks to stay between 1.2856 and 1.2792 for most of the day and we might see short term traders get in and out of the market for very short profits.
As far as long term scenario is concerned, it seemed that EURUSD might take a rise from 1.2792 level towards 1.2900. On the lower side 1.2792 is an important level, break of which will set new target for EURUSD around 1.2730 region.
Trade: Buy EURUSD @ 1.2792 for Profit Level @ 1.2852 and Stop Loss @ 1.2762 chart analysis
Last week the euro moved down in correction wave, but at the end of last Friday it rebounded to reach 1.280s area again since it ended the correction move.
today euro is expected to move up after it finished the correction to reach to 1.2880s area, and probably to 1.2950s within this week.
The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.
The key resistance will be at 1.3000 and the key support at 1.2465.
Euro is in consolidation area, since it is restricted between support and resistance, the daily trading range is narrow, the momentum is low, probably it will reach to the 1.2860s resistance first while it is above 1.2800 support, then we expect to go short from 1.2860s resistance level to the support level at 1.2800.
The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.
The key resistance will be at 1.3000 and the key support at 1.2465.
Technical Analysis and recommendation for Major Currencies
EURO/USD
Yesterday Euro stopped at 1.2840s resistance level, today Euro got over this resistance to reach to the second resistance level at 1.2870s, which stronger than the previous one, due to that Euro is expect to stay quiet, and we don't expect Euro to make major moves toward the up side.
The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.
The key resistance will be at 1.3000 and the key support at 1.2465.
Yesterday Euro stopped at 1.2840s resistance level, today Euro got over this resistance to reach to the second resistance level at 1.2870s, which stronger than the previous one, due to that Euro is expect to stay quiet, and we don't expect Euro to make major moves toward the up side.
The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.
The key resistance will be at 1.3000 and the key support at 1.2465.
Swissy long at 1.2488
Linear Mode
