novvoll12
Short

USDCHF bearish – Declines towards the 200 day moving average

FX:USDCHF   U.S. Dollar/Swiss Franc
41 0 0
USDCHF             .9578 – bearish – Declines towards the 200 day moving average

USDCHF             declined from the .9843 high (September 25, 2015) to Tuesday’s .9555 low (October 13, 2015), retracing 50% of the .9257/.9843 upleg. Bearish indicators suggest there is scope for further weakness towards .9527 (September 18, 2015 range low) near the 200 day moving average currently at .9521. A downside break below there would complete a double top at .9823/.9843 (as shown on the daily chart ) and expose .9480 (61.8% of the .9257/.9843 upleg) ahead of .9395 (76.4% of the .9257/.9843 upleg).
Back up .9646 (October 13, 2015 high) is needed to caution bears and shift the focus towards .9740 (October 7, 2015 high).
Outlook:
Intraday: bearish
Daily: bearish
Weekly: neutral
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out