Written by Bahagian Pentadbiran in
| USD/CHF Daily Forecast
Wed, February 16, 2010 | Dear Fellow Trader,
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. | | The USDCHF continued its bearish correction yesterday and slipped below 0.9660. The bias is bearish in nearest term testing 0.9600 but I still believe that the major bullish scenario remains intact and the current bearish pressure is normal unless price make a clear break below 0.9600 which would activate my wait and see mode but with more bearish intraday bias. Immediate resistance at 0.9720. Break above that area could end the bearish correction re-testing 0.9800 before targeting 1.0000 area. Please click here to see how I applied my technical studies to this pair on the daily chart a few minutes ago. |
| I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog. Happy Trading! | | | Analyst Profile Living in East Java, Indonesia and holding an International Relations degree, Setyo Wibowo began his forex trading career in 2000 as a market analyst, while learning to trade forex independently on his own. to learn more about Setyo Wibowo. |
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