USDCHF Weekly Forecast Sept 22 2014

Outlook in USDCHF  remains on the upside as long as support  0.9300  holds on a weekly closing basis , resistance comes at the 0.9455 levels , a break would open 0.9535 next , further upside will aim the 0.9600 levels ahead of the 0.9750 levels..

On the downside , support comes at the 0.9300 levels (main) , sustained trading – weekly closing – below the 0.9300 levels would only delay the bullish move and  turn outlook neutral , but downside correction below the 0.9300  levels should be contained well by the  0.9150/0.8960  levels before the next rise , sustained trading – weekly closing –  below the 0.8960 levels  will terminate the current bullish trend  completely and sooner or later would send the pair below the 0.8700 levels..

In all , as long as support 0.9300  holds on a weekly closing basis , outlook in USDCHF  remains on the upside towards the 0.9455  levels a head of the 0.9535  levels , a clear break below the 0.9300  levels will turn outlook neutral and bring consolidation within 0.9300/0.8960  range before the next rise..

Conclusion :

Time Frame : Weekly

Bullish Mode : Above 0.9300

Consolidation  Mode: Below 0.9300

Bearish Mode : Below 0.8960

 

USDCHF Weekly Forecast Sept 22 2014

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