USD/CHF Analysis 09|20|2006 NEW YORK

NEW YORK

Pair Analyzed: USD/CHF
Time Frame Used: 4H
Prevailing Sentiment: Neutral (sideline)
Platform: GFT DealBook 360 (new)
Date of Analysis: 09/20/2006

Trade Execution Ideas:
Execute as a Real position with an entry @ 1.2545 and absolute exit @ 1.2699. Targets for this trade can be configured @ T1 1.2558, T2 1.2586, T3 1.2600. Stop loss can be configured @ 1.2522. Please keep in mind that stop loss configurations should be executed as money management rules suggest.

Prevailing Signals:
Tenkan-Sen/Kijun-Sen Cross Bear,Senkou Span A/B Cross Bull,Price/Kijun-Sen Cross Bear,Chikou Span/Price Cross Bull

Supporting Technicals:

Chikou Span Support Considerations:
Support Level 1: 1.2519
Support Level 2: 1.2492

Chikou Span Resistance Considerations:
Resistance Level 1: 1.2532
Resistance Level 2: 1.2545

Kumo and Price Relationship:
Price is currently Over prevailing Kumo

Kumo Strength:
Moderate

Noteable Support and Resistance Considerations:
1H kumo at 1.2527 should provide some additional resistance.

News Provided By:
n/a

n/a

Analyst Notes:
With Ichimoku signals pretty much evenly distributed on both bull and bear sides on the 4H, I am essentially neutral in terms of bias. Nevertheless, the Daily bias is still Bull, so that is why my trade idea for today is a long rather than a short. This pair could just as easily move down, however, especially given the fact that a zero rate hike from the US is basically baked-in, so keep a close eye on the 1.2492 level as a close below that would switch the outlook to bear.

Chart Study 

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