USDCHF: Set To Extend Weakness | Forex Factory

  • USDCHF: Set To Extend Weakness

    From fxtechstrategy.com

    USDCHF: The risk of a return below the 0.9553 level, its 2011 low is now developing after the pair reversed almost all of its previous week gains to close at 0.8773 on Friday. Prior to its present price action, USDCHF has been recovering since torching a low of 0.8553 following its long term downtrend started from the 1.1727 in May 2010. With that said, on continued weakness, the 0.8553 level will be targeted with a break of there triggering the resumption of its long term downtrend towards the 0.8500 level, its psycho level. A violation of that level will set the stage for further weakness towards the 0.9400 and ... (full story)

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diavolul
May 22, 2011 11:21am
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There is an error in the image, it says that involves the RSI but, in fact, it's about stochastic.
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chrnbr
May 22, 2011 12:17pm
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In addition it should read .84 and .83 (not .94 and .93)
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Mohammed Isah
May 22, 2011 5:41pm
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Hi,

Thanks. We are very sorry for the mistakes. They have been corrected.
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