USD/CHF Weekly Technical Report 10-14/11/2012

2012-12-10 07:29:49 GMT (ecPulse)

 

 

 

The pair stabilized above Linear Regression Indicators but still trading negatively; Stochastic is also showing overbought signals. Therefore, we remain neutral in our weekly report, especially that breaching the Linear Regression Indicators was seen with a bearish opening gap. Areas of 0.9305 and 0.9280 levels are the most important support levels, while 0.9435 is the closest resistance levels over weekly basis.

The trading range for this week is among key support at 0.9240 and key resistance at 0.9505.

The general trend over short term basis is to the downside at levels 0.9775 targeting 0.8860.

Support 0.9345 0.9305 0.9280 0.9240 0.9200

Resistance 0.9375 0.9435 0.9485 0.9505 0.9570

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9305 targeting 0.9345, 0.9375 then 0.9405 and stop-loss with four-hour closing below 0.9240 might be appropriate

 

 
 
 
  Symbol Last Change Chg.%
1.2167
-0.0006
0.0526%
1.4163
0.0027
0.1938%
Tadawul
10322.68
86.96
0.85%
27.530
-0.275
0.987%
65.041
-0.351
0.537%
68.32
0.02
0.03%
1834.840
-9.385
0.509%
 
 
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