AceTraderFX
Newbie
- Messages
- 2
- Likes
- 0
Updating time : 09/10/2007 00:45 GMT
USD/CHF - 1.1865...As mentioned earlier, dlr's strg rise fm last Monday's
low at 1.1622 indicates recent downtrend has formed a temporary low there n yes-
terday's breach of Friday's high at 1.1856 signals aforesaid move to correct MT
intermediate fall fm 1.2152 (this is equivalent to euro's retracement level at
1.3552) remains in force, since price has already reached the min. 38.2% r obj.
at 1.1824, gain to 50% r at 1.1887 is now envisaged. Having said that, as daily
stochastics have been rising strongly in last few trading days, suggesting gain
abv 1.1887 wud be seen n a daily close abv 1.1900 wud signal a correction of the
decline fm 1.2469 (13 Jun 07) has taken place, then further head way twd 1.1946
(38% r) wud follow but reckon 1.1994 (equality measurement of the rise fm 1.1622
-1.1856 measured fm 1.1760) wud cap upside.
Today, we're standing aside initially n wud look to buy dlr on retreat as
only below 1.1760 (reaction low in NY fm Friday's high at 1.1856) wud confirm
top has been formed n risk weakness twd 1.1738 but only a break of sup at 1.1713 wud
signal downtrend has finally resumed n yield subsequent re-test of 1.1622...
USD/CHF - 1.1865...As mentioned earlier, dlr's strg rise fm last Monday's
low at 1.1622 indicates recent downtrend has formed a temporary low there n yes-
terday's breach of Friday's high at 1.1856 signals aforesaid move to correct MT
intermediate fall fm 1.2152 (this is equivalent to euro's retracement level at
1.3552) remains in force, since price has already reached the min. 38.2% r obj.
at 1.1824, gain to 50% r at 1.1887 is now envisaged. Having said that, as daily
stochastics have been rising strongly in last few trading days, suggesting gain
abv 1.1887 wud be seen n a daily close abv 1.1900 wud signal a correction of the
decline fm 1.2469 (13 Jun 07) has taken place, then further head way twd 1.1946
(38% r) wud follow but reckon 1.1994 (equality measurement of the rise fm 1.1622
-1.1856 measured fm 1.1760) wud cap upside.
Today, we're standing aside initially n wud look to buy dlr on retreat as
only below 1.1760 (reaction low in NY fm Friday's high at 1.1856) wud confirm
top has been formed n risk weakness twd 1.1738 but only a break of sup at 1.1713 wud
signal downtrend has finally resumed n yield subsequent re-test of 1.1622...
