Home | Contact
       
 
 
Friday 9th, January 2009 -- 22:36 GMT
Sponsored by
 Forex
Swiss Franc Technical Outlook
Posted: 05-09-2008 , 22:10 GMT

Another reason to favor a turn in the USD is the USDCHF pattern.  



The advance from 96.47 has reached the 50% retracement of the decline from 1.2569.  The 4th wave of one less degree stretches to 1.1594, which is just above the 61.8% of the decline from 1.2569.  If the USDCHF is going to roll over, this is the area that it should do so.

Printable Version Top of Page
Printable Version
Opinions - No Opinions found for this article
 
 
   
European G8 Members to Meet in Pairs as  ...
Euro, Pound Consolidate As U.S.  ...
Euro-Zone Unemployment Rises to 7.5%,  ...
Euro-Zone Unemployment Rises to 7.5%,  ...
U.S. Sentate to Vote on Revised  ...
U.K. Manufacturing Slips to Record Low,  ...
U.K. Manufacturing Slips to Record Low,  ...
Eurogroup's Juncker Highlights Growth  ...
Improved US Manufacturing Would  ...
Euro-Zone Manufufacturing Slips to a  ...
Swiss Manufacturing Contracts For the  ...
U.S. Securities and Exchange  ...
FX Market Update: Japanese Yen Crosses  ...
German Retail Sales Improves in August  ...
German Retail Sales Improves in August,  ...
Rumours of Lloyds TSB and HBOS Merger  ...
Post of the Day:  ...
AUD/JPY Short-Term Technical  ...
Overnight Interest Rates Update  ...
Chart of the Day: The  ...
  About Us Advertising Contact Us Privacy  
 
© 2000 - 2009 Mena Report (www.menareport.com)