Weekly technical levels:
Intraday technical levels:
Date & Time: 20/05/2013 12:50
Pair: USD/CHF
Projected High: 1.0085
Breakout (Buy Stop): 1.0030
Strong Resistance (Sell Limit): 1.0000
Current Pivot: 0.9640
Strong Support (Buy Limit): 0.9280
Breakout (Sell Stop): 0.9255
Projected Low: 0.9205
Observations:
If the trend is of an upside character, then the strength of the currency will be defined as following: USD is an uptrend and CHF is a downtrend.
Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.
