USD/CHF - 0.9368
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 0.9430
Kijun-Sen level : 0.9454
Ichimoku cloud top : 0.9476
Ichimoku cloud bottom : 0.9434
New strategy :
Stand aside
Position : -
Target : -
Stop : -
Although the greenback had retreated sharply on Friday after surging to 0.9536 last week, as dollar found good support at 0.9372 and has rebounded, suggesting choppy consolidation would be seen and initial recovery to 0.9490-00 cannot be ruled out, however, reckon said resistance at 0.9536 (last week's high) would cap upside and bring further volatile price action later.
On the downside, below 0.9430 would bring weakness to 0.9400 but only a firm break below said support at 0.9372 would signal a temporary top has been formed at 0.9536 last week, bring retracement of recent upmove to 0.9320-30 and later test of support at 0.9292 later. As near term outlook is mixed, would be prudent to stand aside for now.
forexjust
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 0.9430
Kijun-Sen level : 0.9454
Ichimoku cloud top : 0.9476
Ichimoku cloud bottom : 0.9434
New strategy :
Stand aside
Position : -
Target : -
Stop : -
Although the greenback had retreated sharply on Friday after surging to 0.9536 last week, as dollar found good support at 0.9372 and has rebounded, suggesting choppy consolidation would be seen and initial recovery to 0.9490-00 cannot be ruled out, however, reckon said resistance at 0.9536 (last week's high) would cap upside and bring further volatile price action later.
On the downside, below 0.9430 would bring weakness to 0.9400 but only a firm break below said support at 0.9372 would signal a temporary top has been formed at 0.9536 last week, bring retracement of recent upmove to 0.9320-30 and later test of support at 0.9292 later. As near term outlook is mixed, would be prudent to stand aside for now.
forexjust
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