Daily Trade forex Recommendation

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Daily Trade forex Recommendation

11-07-2006, 02:41 PM

belinea0916 belinea0916 is offline

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Join Date: Aug 2006

Posts: 77

Daily Trade forex Recommendation

Daily Trade forex Recommendation FROM www.investirent.info

USDCHF

USDCHF, like other currencies, is looking to determine its long-term trend. Currently it seemed to have been trapped between 1.2450 and 1.2600 levels.

Short-term traders will have good opportunities to trade USDCHF for short trades as USDCHF seems to stay in the range for the time being. We can find a good buying level around 1.2488, which also will complete the short-term retracement for USDCHF.

RSI is also in the middle and is currently not suggesting any direction and we might see USDCHF being traded in range.

Trade: Buy USDCHF @ 1.2488 for Profit Level @ 1.2548 and Stop Loss @ 1.2458 Target is at 1.2598

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