Last Update At
08 Feb 2013 [I] 00:07GMT [/I]
[B]Trend Daily Chart [/B]
Down
[B]Daily Indicators[/B]
Turning up
[B]21 HR EMA[/B]
0.9152
[B]55 HR EMA[/B]
0.9124
[B]Trend Hourly Chart[/B]
Up
[B]Hourly Indicators[/B]
Easing fm o/bot
[B]13 HR RSI [/B]
70
[B]14 HR DMI[/B]
+ve
[B]Daily Analysis[/B]
Consolidation b4 one more rise
[B]Resistance[/B]
0.9292 - Jan 28 high
0.9250 - 61.8% r of 0.9389-0.9024
0.9201 - Y’day’s high
[B]Support[/B]
0.9150 - Wed’s high
0.9118 - Mon’s high
0.9090 - Wed’s NY low
[B]USD/CHF[/B] - 0.9183 … The greenback traded exactly in inverse manner to euro y’day n moved ‘wildly’ in Europe n NY session. Although intra-day rebound in eur/usd pressured the pair to 0.9065 in Europe, euro’s selloff after NY open sent dlr sharply higher, price easily rallied abv 0.9150 (Wed) to 0.9201.
Y’day’s rally abv 0.9150 res (now sup) n subsequent daily close abv there bodes well for dlr to make further gain as last Fri’s 9-month low at 0.9024 was accompanied by prominent ‘bullish converging signals’ on the hourly oscillators, present rising hourly indicators suggest dlr has momentum to extend aforesaid errratic upmove twd 0.9250, this is a ‘dynamic’ 61.8% r of the MT intermediate decline fm fm 0.9389-0.9024. Look ahead, a daily close abv 0.9250 wud encourage for price to re-test 0.9389 (Jan’s high) later this month. On the downside, only a daily close below 0.9150 wud signal correction fm 0.9024 is over, 0.9090/00.
Today, as dlr is currently trading well abv 21-hr n 55-hr emas, suggesting buying on dips in the appropriate trading strategy in anticipation of further rise twd 0.9250 n only below 0.9118/21 wud abort bullishness on the buck