You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 5 of 5
  1. #1
    AceTraderFX is offline Senior Member
    Join Date
    Oct 2007
    Posts
    3,107

    Smile AceTraderfx Sept 13, 2013 : DAILY USD/CHF OUTLOOK

    DAILY USD/CHF OUTLOOK - 0.9324
    13 Sep 2013 07:10GMT

    Although dlr has recovered after extending fall
    fm last Thur's 6-week 0.9455 high to 0.9272 y'day,
    as long as 0.9371 holds, aforesaid decline to re-
    trace upmove fm Aug's low at 0.9147 shud resume n
    extend marginally to 0.9265 (61.8% r).

    Trade fm short side for this move with stop abv
    0.9371, break risks gain to 0.9395 n 0.9420/30.

    STRATEGY : Hold short

    POSITION : Short at 0.9340

    OBJECTIVE : 0.9270

    STOP-LOSS : 0.9375

    RES : 0.9335/0.9371/0.9395

    SUP : 0.9272/0.9239/0.9206

  2. #2
    AceTraderFX is offline Senior Member
    Join Date
    Oct 2007
    Posts
    3,107

    Smile AceTraderFx Oct 17 : DAILY TECHNICAL OUTLOOK ON USD/CHF

    DAILY TECHNICAL OUTLOOK ON USD/CHF
    17 Oct 2013
    00:21GMT

    Trend Daily Chart : Down

    Daily Indicators : Falling

    21 HR EMA : 0.9137

    55 HR EMA : 0.9129

    Trend Hourly Chart : Sideways

    Hourly Indicators
    : Neutral

    13 HR RSI : 53

    14 HR DMI : 0

    Daily Analysis : Choppy trading to continue

    Resistance

    0.9279 - Sep 17 high
    0.9225 - Sep 15 low, now res
    0.9178 - Tue's high

    Support
    0.9093 - Tue's low
    0.9064 - Mon's low
    0.9016 - Last Mon's n Tue's low

    USD/CHF - 0.9140 ... U.S. dollar went through a 'roller-coaster' session
    y'day. Despite Tue's rally to a fresh 4-week high at 0.9178, price retreated to
    0.9118 in Australian morning y'day n then 0.9098 in NY morning due to U.S. debt
    deadlock b4 rebounding to 0.9175 after U.S. Senate reached a bipartisan deal.

    . Looking at the hourly n daily charts, as mentioned in our previous
    updates, dlr's firmness suggests erratic upmove fm Oct's 19-month low at 0.8968
    to at least retrace MT intermediate downtrend fm 0.9455 (Sep's high) remains in
    progress n as long as Mon's low at 0.9064 holds, mild upside bias remains for
    further gain to 0.9212, (being 50% r of 0.9455-0.8968), however, anticipated
    high readings on hourly oscillators wud prevent strg gain abv 0.9225 (Sep 15
    low, now res) n reckon 0.9269 (61.8% r) shud cap upside n yield retreat later.

    . Today, we're standing aside in the meantime n wud look to buy dlr on dips
    as only a breach of 0.9064 sup wud violate recent series of higher lows n higher
    highs fm 0.8968 n signal aforesaid corrective rise has made a top there n yield
    weakness twds 0.9016 sup (last Mon's n Tue's low).


  3. #3
    AceTraderFX is offline Senior Member
    Join Date
    Oct 2007
    Posts
    3,107

    Smile AceTraderFx Nov 5 : Daily Technical Outlook on USD/CHF

    DAILY TECHNICAL OUTLOOK ON USD/CHF
    05 Nov 2013
    00:04GMT

    Trend Daily Chart : Sideways

    Daily Indicators :Turning up

    21 HR EMA :0.9109

    55 HR EMA :0.9085

    Trend Hourly Chart : Sideways

    Hourly Indicators : Neutral

    13 HR RSI : 41

    14 HR DMI :
    -ve

    Daily Analysis :Consolidation b4 upmove resumes

    Resistance
    0.9225 - Sep 16 low
    0.9178 - Oct 15 high
    0.9152 - Y'day's Asian high

    Support
    0.9091 - Y'day's NY low
    0.9071 - Last Fri's European low
    0.9024 -Last Thur's high

    USD/CHF - 0.9100 ... The pair also extended recent upmove fm Oct's 23-
    month low at 0.8891 to a fresh 2-week high at 0.9152 y'day due to dlr's broad-based strength, however, active profit-taking capped dlr's upside n the pair ratcheted lower to a session low at 0.9091 near NY close.

    . Despite y'day's brief rise to 0.9152, subsequent retreat suggests 1-2
    days of consolidation wud be seen b4 upmove fm Oct's near 2-year trough of 0.88 91 to retrace MT downtrend to resume, abv 0.9152 wud bring further gain to 0.91 73/78, being 50% r of intermediate fall fm 0.9455-0.8891 n Oct 15 high respectively. Looking at the bigger picture, only a daily close abv 0.9178 res wud encourage for further gain to 0.9240 (61.8% r of 0.9455-0.8891) n possibly twd 0.9253, this is 38.2% r of intermediate decline fm 0.9839 (2013 top in May) n then twd 0.9365 (50% r).

    . Today, buying on intra-day retreat in anticipation of subsequent upmove is favoured n only a breach of 0.9024 (Oct 30 high, now sup) wud signal temp. top is made n may risk stronger correction to 0.8991/93 n possibly 0.8952 sup.


  4. #4
    AceTraderFX is offline Senior Member
    Join Date
    Oct 2007
    Posts
    3,107

    Smile AceTraderFx Nov 8 : Daily Technical Outlook on USD/CHF

    DAILY TECHNICAL OUTLOOK ON USD/CHF
    08 Nov 2013
    00:25GMT

    Trend Daily Chart :
    Sideways

    Daily Indicators : Rising up

    21 HR EMA : 0.9157

    55 HR EMA : 0.9139

    Trend Hourly Chart : Up

    Hourly Indicators : Falling fm o/bot

    13 HR RSI :
    56

    14 HR DMI : +ve

    Daily Analysis : Choppy consolidation to take place

    Resistance
    0.9304 - 38.2% r of 0.9972-0.8891
    0.9251 - Y'day's high
    0.9217 - Y'day's hourly res

    Support
    0.9134 - Y'day's NY low
    0.9098 - Wed's low
    0.9024 - Last Thur's high


    . USD/CHF - 0.9168 ... The pair tracked eur/usd's movement very closely in inverse manner on Thur. Despite dlr's rally to 0.9251 due to the selloff in euro after ECB's rate cut, profit-taking capped dlr's upside n price fell sharply to 0.9151 on renewed risk aversion due to the selloff in U.S. equities.

    . Looking at the hourly n daily charts, despite y'day's resumption of upmove fm Oct's near 2-year trough of 0.8891 to 0.9251 to retrace MT downtrend fm 0.99 72 (July 2012), the subsequent strg retreat strongly suggests a temporary top is in place n sevel days of choppy consolidation is in store b4 prospect of another leg of upmove occurs later next week, below 0.9134 (reaction low fm 0.9251) wud add credence to this view, however, 0.9071, being a 'natural' 50% r of the entire rise fm 0.8891 as well as chart sup, wud contain weakness. Looking ahead, abv 0.9251 wud extend subsequent headway twd 0.9365 (50% r of intermediate fall fm 0.9839-08891).

    . Today, we're trading dlr on both sides of the market n will sell on intra
    -day recovery or buy on next decline in anticipation of another rebound.



  5. #5
    AceTraderFX is offline Senior Member
    Join Date
    Oct 2007
    Posts
    3,107

    Smile AceTraderFx Nov 15 : Daily Technical Outlook on USD/CHF

    DAILY TECHNICAL OUTLOOK ON USD/CHF
    15 Nov 2013



    Trend Daily Chart : Up

    Daily Indicators : Rising

    21 HR EMA : 0.9166

    55 HR EMA : 0.9168

    Trend Hourly Chart :
    Sideways

    Hourly Indicators : Rising

    13 HR RSI : 59

    14 HR DMI : +ve

    Daily Analysis : Choppy trading to continue

    Resistance
    0.9251 - Last Thur's 6-week high
    0.9226 - Tue's high
    0.9201 - Wed's high

    Support
    0.9123 - Wed's late NY low
    0.9091 - Last Mon's low
    0.9029 - 61.8% r of 0.8891-0.9251


    . USD/CHF - 0.9178 ... Despite staging a brief bounce fm Wed's low at 0.9123 to 0.9189 on Thur, renewed selling interest below Wed's high at 0.9201 pressured price to 0.9137 in NY morning after Thur's testimony by Fed's vice chair Janet Yellen. The pair then rebounded to 0.9172 b4 trading sideways.

    . Looking at the daily chart, as mentioned in our previous update, Wed's
    breach of 0.9134 to 0.9123 suggests upmove fm Oct's 23-month low at 0.8891 has made a 6-week high at 0.9251 last Thur n marginal weakness twds 0.9113 (38.2% r of 0.8891-0.9251) cannot be ruled out but reckon 0.9091/98 sup area wud contain downside n yield rebound later. On the upside, a breach of res at 0.9201 (Wed's high) wud confirm the correction is over n yield resumption of the Oct's rise fm 0.8891 to retrace MT downtrend fm 2012 peak at 0.9972 (Jul) to re-test 0.9246/51 res area, abv wud extend to 0.9304 (38.2% r of MT fall fm 0.9972-0.8891).

    . Today, buying dlr on next decline in anticipation of a rebound is still
    favoured. On the downside, only a daily close below 0.9091 wud risk stronger
    retracement to 0.9024/29 (prev. res, now sup n 61.8% r fm 0.8891 resp.).


Similar Threads

  1. AceTraderFx Sept 22: Daily Outlook on Major EUR/USD
    By AceTraderFX in forum Forex Forecast
    Replies: 378
    Last Post: Yesterday, 07:43 PM
  2. AceTraderFx Sept 24 : Daily Market Outlook on Major GBP/USD
    By AceTraderFX in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 09-23-2013, 09:14 PM
  3. Replies: 0
    Last Post: 09-10-2013, 07:32 PM
  4. Replies: 0
    Last Post: 09-09-2013, 07:32 PM
  5. AceTraderfx DAILY AUD/USD OUTLOOK: May 14, 2013
    By AceTraderFX in forum Other Currencies
    Replies: 0
    Last Post: 05-13-2013, 10:07 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0