Home Technical Updates Fundamental Updates Commentaries Education Calendar Video Charts Live Events About Glossary
Recent Stories
View All
fxtimes

upcoming live events this week
Subscribe! »
register, it's free »

USD/CHF Completes Head and Shoulder Pattern

Daily \ Fan Yang \ 9:34 AM EDT \ October 21st, 2011
fyang
Forex Technical Update

This is a follow up on yesterday’s USD/CHF update where we were monitoring the development of the head and shoulder in USD/CHF.

Today the head and shoulder completed breaking below neckline, below 4H 200SMA and rising trendline. RSI back below 40 after failure to break above 60. Bearish momentum preserved

Refer to latest update on USD/CHF (10/20).

(Click to enlarge)

 

Fan Yang CMT is the Chief Technical Strategist FXTimes – provider of Forex News, Analysis, Education, Videos, Charts, and other trading resources.

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.0

Related Posts

Please login to comment. Dont have an account? Register

 

You need to log in to vote

The blog owner requires users to be logged in to be able to vote for this post.

Alternatively, if you do not have an account yet you can create one here.

Powered by Vote It Up

Home Technical Updates Fundamental Updates Commentaries Education Calendar Video Charts Live Events About Glossary

Information and opinions contained on this page are for educational purposes only and do not constitute trading recommendations.

Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.

© 2012 Market Access Media, LLC. All rights reserved.