USDCHF: Strengthens Through The 0.9013 Level, Risk Opens For Further Gains. USDCHF: The pair broke and held above the 0.9013 level, its April 19’2011 high on Thursday, opening the door for further bullish offensive. Its present bullish momentum is coming on the heels of a violation of its key resistance at the 0.8929 level, its Sept 12’2011 high on Wednesday. Guest post by www.fxtechstrategy.com With a full-fledged bull pressure seen, a push towards the 0.9340 level, its April 01’2011 high is expected where a break if seen will aim at the 0.9400 level, its psycho level. Its daily RSI is bullish and pointing higher suggesting further gains. Alternatively, support stands at the 0.9013 level with a breach targeting the 0.8929 level. A reversal of roles as support is expected to occur at this level but if that fails, its Sept 15’2011 low at 0.8647 level will be targeted. Below here will pave the way for a move further lower towards the 0.8574 level and then its Sept 08’2011 low at 0.8532. All in all, the pair remains biased to upside having resumed its short term uptrend. GOLD: Rolls Over, Set To Retest Key Support. GOLD: The commodity may be preparing to end the week lower if a follow through on its Thursday losses continues. Gold remains weak and continues to target lower level prices having triggered a corrective weakness off the 1,920.50 level in early Sept’2011. A push further lower will bring the 1,702.31 level, its Aug 25’2011 low into focus with a loss of that level opening the door for further declines towards the 1,632.60 level, its July 29’2011 high. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, the commodity will have to break and hold above 1,920.50 level, its 2011 high to reverse its losses and resume its long term strength (now on hold) towards the 1,950 level followed by its big psycho level at 2,000. We expect this level to present a considerable resistance and turn the commodity back lower if tested. All in all, Gold may be biased to the upside in the long term, but continues to face corrective weakness risks. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD Sep. 23 – Refocusing on Greece and Attempting Yohay Elam 11 years USDCHF: Strengthens Through The 0.9013 Level, Risk Opens For Further Gains. USDCHF: The pair broke and held above the 0.9013 level, its April 19'2011 high on Thursday, opening the door for further bullish offensive. Its present bullish momentum is coming on the heels of a violation of its key resistance at the 0.8929 level, its Sept 12'2011 high on Wednesday. Guest post by www.fxtechstrategy.com With a full-fledged bull pressure seen, a push towards the 0.9340 level, its April 01'2011 high is expected where a break if seen will aim at the 0.9400 level, its psycho level. Its daily RSI is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.