AceTraderForex July 18: Daily Outlook on Majors USD/CHF

Trading Discussion Currencies
1


Daily USD/CHF Outlook- 0.9440
18 Jul 2013 07:14 GMT

Despite dlr’s resumption of decline fm lastTue’s high of 0.9753 to 0.9359 y’day, subsequentstrg rebound to 0.9446 suggests choppy consolida-tion wud be seen with upside bias n abv 0.9446/52res area wud confirm low made, 0.9496.

Trade fm long side with stop initially below 0.9359 sup, break wud extend fall to 0.9313.

Position
Long at 0.9405

Strategy/Entry Level
Hold long

Objective
0.9495

Stop-Loss
0.9380

Resistance/Support
R: 0.9452/0.9496/0.9536
S: 0.9384/0.9359/0.9313

2


DAILY USD/CHF OUTLOOK - 0.9262
07 Aug 2013 07:05GMT

Despite a brief bounce fm 0.9247 to 0.9296 y’day,
subsequent selloff to 0.9239 signals the correction
fm last Wed’s 6-week low at 0.9228 has indeed ended
earlier at 0.9390 n decline fm Jul’s peak at 0.9753
shud resume for re-test of said sup n then 0.9200.

Sell on recovery for this move n only abv 0.9333
defers but said res at 0.9390 shud remain intact.

STRATEGY : Sell at 0.9280

OBJECTIVE : 0.9200

STOP-LOSS : 0.9320

RES : 0.9296/0.9333/0.9390

SUP : 0.9228/0.9176/0.9130