USD/CHF Daily Technical Reports

Oct 29, 2009
USD/CHF-market strategy can be a sell from the level 1.0218
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bearish direction above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.

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