1.0615 Archive

Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

Posted on July 12, 2010 | No Comments
Dollar’s retreat after intra-day rally to 1.0676 suggests caution on our long and 1.0594 (previous resistance turned support) must hold to retain bullishness for another rise, above said resistance would bring stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481...
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Trade Idea Update: USD/CHF – Buy at 1.0615

Posted on July 12, 2010 | No Comments
The greenback rallied after breaking resistance at 1.0594 and easily penetrated resistance at 1.0637, adding credence to our bullish view that low has been formed at 1.0481 last week and correction of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous...
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Trade Idea Wrap-up: USD/CHF – Sell at 1.0615

Posted on July 8, 2010 | No Comments
Despite intra-day retreat from 1.0564, as long as support at 1.0481 holds, further consolidation would be seen and another corrective rise to said resistance cannot be ruled out, above there would bring retracement of recent decline to the Ichimoku cloud area (now at 1.0608-18) but...
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