| Chart | Quotes |
USDCHF
| News: 2010-07-30 12:00:00 UTC+00 1 year, 6 months, 1 week, 2 days, 16 hours, 14 min. ago | ||||||
|
|
|
According to wave count this currency pair is now developing wave C of weekly degree. The strategic targets of this movement are Fibonacci expansions off 0.8066-0.8861-0.8314 and 0.8314-0.8870-0.8633. On smaller timeframes the targets are Fib expansions off 0.8633-0.8858-0.8737.
So the strategic targets above the current price level look the following way:
- 0.9101-09 = confluence area of expanded objective point (XOP) and objective point (OP)
- 0.9189 = OP
The intermediate trend is also up, however corrective wave 4 is forming now (colored magenta on the chart). The targets of this wave are Fibonacci retracements of 0.8633-0.9068, 0.8737-0.9068 and expansions off 0.9068-0.8905-0.9042:
- 0.8941 = contracted objective point (COP)
- 0.8902 = confluence area of .382 and .50 retracements
- 0.8879 = OP
- 0.8863 = .618 ret
- 0.8851 = .50 ret
Overbought/Oversold
The Detrended Oscillator is now at the zero level. The nearest oversold level is 40-50 pips below (see corresponding Fibonacci supports there). Assuming that the major trend is still up it's good to look for a reversal signal against one of the listed Fibonacci supports for a buy.
| ||
| Performed by Analytical expert: Denis Strelkov | ||
| InstaForex Companies Group © 2007-2012 |
| Recommend: Forex Analytics | ||
| ▶ |
EUR/USD Intraday Technical Levels for February 7, 2012
2012-02-07 07:30:08 UTC+00 8 hours, 44 min. ago |
Views today 275 |
| ▶ |
AUD/USD Wave Analysis for February 7, 2012
2012-02-07 09:01:20 UTC+00 7 hours, 13 min. ago |
Views today 234 |
| ▶ |
EUR/USD Intraday Technical analysis
2012-02-07 08:25:50 UTC+00 7 hours, 48 min. ago |
Views today 295 |
| ▶ |
GBP/USD Intraday Technical analysis
2012-02-07 08:26:05 UTC+00 7 hours, 48 min. ago |
Views today 198 |
| ▶ |
GOLD Intraday Technical analysis
2012-02-07 08:54:48 UTC+00 7 hours, 19 min. ago |
Views today 240 |
