Finotec News Archive - May 07 2008
Technical oscillators supporting the bullish trend for the USD/CHF currency pair
USD/CHF – Market strategy is bullish, buying till the 1.04381 levelTammy Wall
07 May 2008
USD/CHF-market strategy can be a buy till the level 1.0381
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line. As seen on the chart there are two bottoms leading upwards to a buying trend.

Finotec Analysis Team
07 May 2008
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| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| USD/CHF | 1.0549 | 1.0554 | 11:25:34 | -0.00% |
















