empty
 
 
02.06.2011 09:40 AM
USD/CHF Bullish Outlook June 02, 2011 (Daily Strategy)

This image is no longer relevant

 

USD/CHF

The United States dollar – Swiss Franc pair continues its southward journey as part of a downwards trend that,technically, could present stagnation and change the trend in the short term.

Recommend buy only if the price is above the first weekly support around the 0.8446 level. It is possible to enter a buy deal already at the present price levels, although another wave downwards the important support level at 0.8346 is also likely. Such a move will serve us to increase the buy position with a brief stop loss order set around the 0.8250 level. A partial realization can be carried out next to the nearest 0.8775 resistance weekly pivot level, should the expected upward movement indeed occur.

 

 

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback