Fri, 18 May 2012 09:10:32 GMT
USD/CHF 4H Chart: Channel Up
USD/CHF broke its resistance level at 0.9250 forming a
channel up pattern on the 4H chart. The pattern has 64% quality with 75%
magnitude in a 55-bar period.
The price rebounded from the SMA200 indicator at 0.9116,
then soared to the resistance level at 0.9470 and slowed near the 0.9481 level.
Present bias on the 4H and daily timeframes is bullish, which leads to