Investing.com - Financial Markets Worldwide

The Forex Pattern Price Time Report - USD CHF - Morning Session

ByThe Pattern, Price & Time Report
Published 08/12/2008, 08:00 PM
Updated 05/14/2017, 06:45 AM

The USD CHF could fall considerably if the U.S. stock market falls today,  At this time the stock market is susceptible to a decline because of weaker than expected Retail Sales and more financial institution write downs. These two factors add up to the possibility of a down move and market instability.  This may cause investors to sell their stocks and seek the safety and shelter of the Swiss Franc.

This market posted a closing price reversal top at 1.0924 and confirmed it overnight.  Look for sellers on a rally back to 1.0874 to 1.0885.  The market has to stop in this zone to set up a successful test of the reversal top.  A lower top formation would be a strong indication the market is topping.

Today's main influence will be the stock market.

PATTERN

Main Trend:  Up
Main Trend Top:  1.1107 (02-13-08)
Main Trend Bottom:  1.0010 (07-15-08)

PRICE

1.1215        Gann Angle Down
1.1107        Main Trend Top (2-13-08)
1.0965        Weekly Gann Angle Down
1.0924        Closing Price Reversal Top (08-12-08)
1.0922           Overnight High
1.0865        .618 Retracement

1.0865           New York Close

1.0850        Gann Angle Up
1.0823          Overnight Low
1.0630        50% Retracement
1.0475        Weekly Gann Angle Up
1.0467        50% Retracement
1.0430        Gann Angle Up
1.0359        .618 Retracement

TIME

Aug 13          180-Day Cycle
Aug 14          180-Day Cycle

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.