The Swiss Franc Is On The Rise
August 09, 2012 | 08:02 AM
Posted by Jack River
USD/CHF
We have not analyzed the pair USD/CHF for an extended period of time. The reason is that ever since the Swiss Central Bank declared war on speculators, the pair is acting opposite the EUR/USD. However, there remains the odd technical indicator for the pair. This time, the resistance level of the 200 moving average on the four hour graph along with the upside down candlestick. It appears that the pair is on its way down.
Resistance & Support (daily)
We have not analyzed the pair USD/CHF for an extended period of time. The reason is that ever since the Swiss Central Bank declared war on speculators, the pair is acting opposite the EUR/USD. However, there remains the odd technical indicator for the pair. This time, the resistance level of the 200 moving average on the four hour graph along with the upside down candlestick. It appears that the pair is on its way down.
Resistance & Support (daily)
S3 | S2 | S1 | Pivot Point | R1 | R2 | R3 |
0.9630 | 0.9650 | 0.9680 | 0.9715 | 0.9130 | 0.9740 | 0.9755 |
Silver
Silver is trading in a declining triangle in the long term, with the $26.0 being used as a significant support level. Despite this, the highly sought after commodity is unable to breakthrough support much to the disappointment of buyers. It appears that silver will continue to tread between the support level of 26.6 to resistance of 29.0 for an extended period of time.
Resistance & Support (daily)
S3 | S2 | S1 | Pivot Point | R1 | R2 | R3 |
27.00 | 27.27 | 27.50 | 28.00 | 28.28 | 28.50 | 28.99 |
