USD/CHF Weekly Technical Report 22-26/4/2013
ecPulse
2013-04-22 07:21AM UTC
The pair rebounded sharply to the upside during last week and is table above 0.9295 which is positive and might push the pair further to the upside. Linear Regression Indicators are negative and Stochastic is showing overbought signals; as the Double Top Pattern’s affect is still valid. Due to the abovementioned, we prefer to remain neutral in our weekly report waiting for new confirmation signals.
The trading range for this week is among key support at 0.9170 and key resistance at 0.9495.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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