Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

USD/CHF Retracing Down for Continuation

By Doug Rosen
Doug Rosen is a Florida-based Forex trader who became a skilled technical trader through 3 years of intense practice and self-teaching. He now coaches a live trading room and analyzes the market on forextradeplans.com.

By: Doug Rosen

The Swissy finally blew through the 50.0 fib level of .9400 and beyond. On the weekly time frame the next area of major resistance is at the 144 ema at .9770 which is where I will expecting a reaction if price makes its way up to that level.

USD/CHF Weekly 12/15/11

On the daily time frame price is extended and walking the band up. Price has been riding the Bollinger band. I would expect some kind of retracement back to the 5 or 13 ema for price to keep rising up.

USD/CHF Daily 12/15/11

On the 4 hour time frame price is fibbing its way up and riding the 5 ema up. Price has also reached the monthly M4 pivot which is a reversal pivot so that will help the retracement.

USD/CHF 4 hour 12/15/11

On the hourly time frame price appears to be rolling over to the downside. Price has broken through the 21 ema and the 5 ema is beginning to cross below the 13 ema so price could be heading down to the 55 ema at around .9460 which will also be a swing fib then I would expect price to continue on up from there.

USD/CHF 1 hour 12/15/11

On the 15 minute time frame price has rolled downward already and is now below the ema's which will soon fall to the daily central pivot at .9500, bounce up to make a fib then should continue to drop down to at least the 144 ema before continuing back up.


Doug Rosen
Doug Rosen is a Florida-based Forex trader who became a skilled technical trader through 3 years of intense practice and self-teaching. He now coaches a live trading room and analyzes the market on forextradeplans.com.

Most Visited Forex Broker Reviews