USD/CHF forecast
7 March 2009
H4 graph
The pair has broken the lower bound of the "B-B+" side trend, "B" trend line, but I still have no confidence about whether this is a true breaking, or a false one and the pair goes back to the trend. Due to the pair's fluctuations, a trading range is formed: 1.1500 - 1.1580. And there are two variants of events to develop:
1. the pair won't consolidate below "B" trend line, will go back to "B-B+" trend and rise to the level 1.1675 (if manages to rise above 1.1580).
2. the pair is held below the "B" trend line, goes down under the level 1.1500 and falls further to 1.1300.
1. the pair won't consolidate below "B" trend line, will go back to "B-B+" trend and rise to the level 1.1675 (if manages to rise above 1.1580).
2. the pair is held below the "B" trend line, goes down under the level 1.1500 and falls further to 1.1300.
Daily graph
