USDCHF – Halts Declines But Vulnerable 12/11/10 (Special Focus)

November 11th, 2010 | Share With Friends | View This Analysis In A Webpage Special Focus(USDCHF) From FXTechstrategy.com Dear Subscriber, Below is our latest outlook on USDCHF. Happy Trading USDCHF – Halts Declines But Vulnerable. USDCHF – USDCHF closed slightly higher the past week after halting its corrective weakness started from the 1.0065 level. However, its failure to keep most of those gains and hold above the 0.9847 level, its Nov 23'10 could be signaling lower prices. In such a case, the pair will target its Dec 06'10 low at 0.9725 ahead of the 0.9546 level, its Nov 05'10 low and finally its long-term support standing at 0.9462 (its 2010 low). A breather may likely occur at that level if tested thus turning the pair higher again. However, if that level yields to pressure, the pair will resume its long-term weakness and set the stage for further pressure towards the 0.9300 level. Conversely, a continued hold above the 0.9725 level and a climb back above the 0.9847 level will keep our downside view on hold and turn risk towards the 1.0065 level, printed on Dec'01'2010. It needs a clearance of there to resume its broader corrective recovery started from the 0.9462 level and target its Sept 17'10 high at 1.0182 and possibly higher. click here to view the chart Or VIEW THIS ANALYSIS AS A WEBPAGE FXTechstrategy Launches New Subscription Plans If you like reading our FREE Daily Technical Strategist and would like to be kept up to date technically every day, our FXT(daily) Technical Strategist Plus is available from as low as $30.00/month (includes two FREE bonuses). "I love this service. Its simple, straightforward and to the point. It is a back up to my own daily analysis as I prepare for my trading day" –James T. Kahn, EL Paso, Texas, USA If you have any questions or comments, feel free to contact us. Thanks Mohammed Isah Technical Strategist www.fxtechstrategy.com Author: Think Like a FOREX STRATEGIST m.isah@fxtechstrategy.com You are receiving this email from FXTechstrategy.com because you subscribed to our free Newsletters, Daily Technical Strategist & Weekly Technical Strategist or our paid services. If you would prefer not to receive further e-mails from us on the above newsletters or any of our services in the future, please click here to unsubscribe We do not rent or share your name or email with anybody. Every information given will be used only by FXTechstrategy.com for the purpose of sending you newsletters or providing you information about our services. DISCLAIMER This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTechstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report.   ©2010 FXTechstrategy | MY 23567

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