Start Trading Now Get Started
Table of Contents
  1. DF
  2. Technical Analysis
  3. Free Forex Signals
  4. USD/CHF Signal- May 15, 2012
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 Signal- May 15, 2012

By Fadi Steitie
Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

Currency: USD/CHF
Trend Expected Direction: Up
Method: Elliott Waves and Fibonacci Levels
Description:Using Andrews PitchFork to justify the channel that the Swiss frank is traveling through, again I expect a further progress after wave 4 hits 0.382 Fib level near 0.93338 and progress upward hitting 2.618 Fibonacci level at 0.94100 with expanded final fifth wave and also to complete 100% of wave C that started on may 7th at 0.9200 price point. I do recommend to invest a small amount of lots due to expanded fifth wave risk factor.
Recommendation: Buy and hold
Target Area:0.94100
Stop Loss:0.9300

USDCHF Daily 51512

Fadi Steitie
About Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

 

Most Visited Forex Broker Reviews

Latest News

View More Articles

Related News

View More Articles

Top Forex Brokers

More »

Bonuses & Promotions

View All