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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading: $/CHF

Posted by Michael FX on Tue, 02/05/2008 - 6:30am in

$/CHF as steeply paid as its $ relative $/JPY. However, what goes up must come down and there may be a retracement in the works so new longs wanting to get into the action may be waiting to enter until a retracement level has been satisfied. Next retracement levels are: 1.0975 and 1.0955.