Swiss Franc: The Downside Prevails

New York London GMT Tokyo Singapore

Swiss Franc: The Downside Prevails

By Trading Central on May 12, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	119
Resistance2:	117
Resistance1:	114
Last:	110.48
Pivot:	114
Support1:	108
Support2:	104
Support3:	101

Pivot: 114

Our preference: Short positions below 114 with targets @ 108 & 104 in extension.

Alternative scenario: Above 114 look for further upside with 117 & 119 as targets.

Comment: the pair has broken below its flag lower boundary and should face a further weakness, the RSI is badly directed.

119
117
114
110.48 (last)
108
104
101

*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:

Stocks Give Back Some Ground But Show Continued Strength - U.S. Commentary - 2 mins ago
Existing Home Sales Jump By Much More Than Expected In October - 44 mins ago
Stocks Seeing Substantial Strength In Mid-Morning Trading - U.S. Commentary - 49 mins ago
Existing Home Sales Jump 10.1% In October - 1 hr ago
*Existing Home Sales (Oct.) Up 10.1% - 1 hr ago

Opinions From Our Contributors

Commodities 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 Commodity Investing: ETFs Or Mutual Funds? John Paulson Launching A Gold Fund With $250M Of His Own Money Profit From The Falling Dollar With ETFs Wheat Playing Catch-Up As Commodities Rally Read More »	Financials 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 Tufts Endowment And Risk Taking? 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? Regional Bank ETFs: The Bad And The Good Read More »
Stocks 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? There Is A Considerable Gap Between What The Fed’s Saying And What It’s Thinking S&P 500 Flat Over The Week As Investors Reflect On Prices Versus Fundamentals Singapore Stock Market Update: Focus On Blue Chips I’ve Noticed A Profitable Pattern Read More »	Forex 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 British Pound: The Downside Prevails Euro: Under Pressure Alternatives To The US Dollar As The World’s Reserve Currency British Pound Retracing Friday’s Slide Against The US Dollar Read More »	Economy 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 The Economists Are Wrong Again What’s Triggering America’s Populist Rage? China Will Blow Up Before It Grows Up Contrary To Conventional Wisdom, When China Drops Its Currency Peg, The Immediate Benefits Will Flow To The Chinese, Not Americans Societe Generale Tells Investors How To Prepare For Potential “Global Collapse” Month To Date Review Of The Market Read More »