EUR/CHF

EUR/CHF

By FX SolutionsMay 22, 2008 08:00PM ET

www.investing.com/analysis/technical/eur-chf-7149

EUR/CHF

By FX Solutions | May 22, 2008 08:00PM ET

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EUR/CHF – Bearish price-oscillator divergence on the EUR/CHF daily chart, as shown, helped to presage the downturn in the pair that began early in the week. This divergence is outlined by the two short magenta lines, where price made a higher high while the MACD Histogram made a lower high. This downturn occurred at a significant location with respect to support/resistance, as the point at which the reversal took place was at a significant dynamic resistance level in relation to both the red downtrend resistance line (marked “A”) as well as the green uptrend resistance line (marked “B”). Currently, price has broken down below the short-term uptrend support line (marked “C”) in the past couple of days. In the event of continued momentum to the downside, the next major support resides around the long-term uptrend support/resistance line (marked “D”). This support is also in the region of a key 38.2% Fibonacci retracement level.

James Chen
Chief Technical Analyst, FX Solutions

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Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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