Saturday, July 02, 2011

USDCHF the price found resistance

USDCHF
The upward break was made, the price found resistance at the edges of the cloud of Ichimoku indicator and scored two divergences at that point, bringing the price to return to the 161.8% Fibonacci. The RSI indicator Force marks an increase in upward price activity so you prefer shopping for the day. We further assume a move towards resistance levels at 0.8340/50 closest located on the edges of the cloud Ichimou indicator. For shopping levels are 0.8390 / 0.8400 (138.2% Fibonacci) 0.8430 / 50 for further breaking to 0.8480 / 90 0.8520 / 40. For sales would be below 0.8300 with 161.8% fibonacci limits s .8260 / 70 .8220 / 30.

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