USDCHF: Our broader outlook on USDCHF remains lower. The pair is now seen challenging the 0.8897 level, its 2011 low where a decisive break will resume its long term downtrend. Guest post by www.fxtechstrategy.com This will set the stage for more weakness towards its psycho level at the 0.8800 level with scope for further price extension towards the 0.8700 level, all representing its psycho levels. Its daily RSI is bearish and pointing lower supporting this view. Alternatively, a break and hold above the 0.9340 level will have to occur to reverse its present bear pressure and then open up further upside risk towards the 0.9368 level, its Mar 09’2011 high. We expect that level to cap gains and turn the pair lower if tested but if that fails, further strength could develop towards the 0.9503 level. All in all, the pair remains vulnerable to the downside and looks to resume its long term downtrend. 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 AUD/USD Apr.15-Aussie Up Against US Dollar on US Jobless Tamar Schoppik 12 years USDCHF: Our broader outlook on USDCHF remains lower. The pair is now seen challenging the 0.8897 level, its 2011 low where a decisive break will resume its long term downtrend. Guest post by www.fxtechstrategy.com This will set the stage for more weakness towards its psycho level at the 0.8800 level with scope for further price extension towards the 0.8700 level, all representing its psycho levels. Its daily RSI is bearish and pointing lower supporting this view. Alternatively, a break and hold above the 0.9340 level will have to occur to reverse its present bear pressure and then open up further… 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.
