USD/CHF Index: The Downside Prevails.

New York London GMT Tokyo Singapore

USD/CHF Index: The Downside Prevails.

By Trading Central on March 24, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	122.5
Resistance2:	119
Resistance1:	115
Last:	112.75
Pivot:	115
Support1:	111
Support2:	108
Support3:	104

Pivot: 115

Our preference: Short positions below 115 with targets @ 111 & 108 in extension.

Alternative scenario: Above 115 look for further upside with 119 & 122.5 as targets.

Comment: the pair is still under pressure and is approaching its next support, the RSI is badly directed.

122.5
119
115
112.75 (last)
111
108
104

*USD/CHF Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the SWISS FRANC. For details go to www.ise.com

Check Out These Related Posts:

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

TSX Ends Slightly Higher After Surrendering Most Of Early Gains - Canadian Commentary - 21 mins ago
Stocks See Notable Rally To Kick-Off Thanksgiving Week - U.S. Commentary - 36 mins ago
Higher Opens Expected For New Zealand, Australia Shares - 1 hr ago
Bay Street Stocks Remain Slightly Above Unchanged Levels - Canadian Commentary - 2 hrs ago
Stocks Attempting To Hold Onto Gains In Mid-Afternoon Trading - U.S. Commentary - 2 hrs ago

Opinions From Our Contributors

Commodities The Simplest Reason Gold Will Soar Physical Gold, Silver And Oil Out-Performing Their Stocks? Silver Hits New Highs At Top Of Uptrend Channel Gold Has Just Barely Entered The Gravity-Free Zone More Than Just Mines: A Look At Other Ways To Profit From Coal, Copper And Ore China Owns The Heavy Stone Has Gold Just Broken Out Of Its Trend Channel? The Dirty Little Secrets Of Warrants, Options & LEAPS Interesting Articles To Read The Forgotten Commodity - Rice Read More »	Financials Don’t Count Out Actively Managed ETFs U.S. Bank Failures Reach 124 Financial ETFs Still Remain Vulnerable Ron Paul Thinks That Fed “Oversight Is Laughable” Buffett Borrows For Rail Acquisition Investment Ideas: Here Are 3 Dirt Cheap Stocks Treasury To Auction TARP Warrants Dear Reader, We Cannot Criticize Goldman Sachs. Instead, We Admire It 2010 Outlook For The US Banking Industry Get Rid Of Your General Electric Shares Read More »	Exchange Traded Funds ETF Update: Health Stocks And Health Care Legislation Biggest Gainer ETFs For The Week Ended 22 Nov What You Should Know About Precious Metals ETFs And Taxes Main Street Vs. Wall Street: Using ETFs To Capitalize Why You Should Watch This Leisure & Entertainment ETF Biotech Investing: Spread Your Risks With ETFs Are You Going For Yield With Your ETFs? Rydex Market Timers: At It Again Is An Asset Bubble Forming In Hong Kong’s ETF? Commodity Investing: ETFs Or Mutual Funds? Read More »
Stocks Chart Of The Week: No More Easy Money For Volatility Sellers? 2009 Best Small Companies Part 3 Why Is Pimco’s Bill Gross Investing In Utilities? Morning Movers: LDK Solar, Origin Agritec, USG Stocks To Watch On Monday Thanksgiving Week: Stock Trading Tends To Be Less Bullish Stock Market News: Ebay Website Outage; Microsoft In Discussions With News Corp. To “De-index” Firm’s News Websites From Google Caterpillar (CAT) - Bull Of The Day Stock Investor Sentiment: Will This Week Be Another Repeat Of The Last Two? How Does Volatility Affect Stock Options? Read More »	Forex Forex Trading Ideas: Is Sterling About To Get Pounded? AUD/USD Loses Momentum After Testing The 200-Hour Moving Average Fed Comments Revive Risk Appetite, Sending US Dollar Lower Structural US Dollar Weakness Persists Australian Dollar: Caution Canadian Dollar: Caution Forex Traders Await Tuesday’s German IFO Report Better Existing Home Data Leads To Some US Dollar Buying Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure Read More »	Economy Emerging Markets Consider Capital Controls To Combat “Hot Money” Inflows Despite Recession, Innovation Is Alive And Well What Is Ron Paul’s Real Agenda When He Talks About Auditing The Fed China: A Riddle Wrapped In An Enigma Should A House Be Treated As A Great Investment? Economic, News And US Earnings Reports For The Week Nov 23 - 27 Spitting On The Boomers’ Financial Legacy Alternatives To The US Dollar As The World’s Reserve Currency The Economists Are Wrong Again There Is A Considerable Gap Between What The Fed’s Saying And What It’s Thinking Read More »