Shorting the USDCHF (10/06/2013)

The US Dollar rose significantly on Friday while a downtrend remains. Hence this is an opportunity to sell it against the Swiss Franc (CHF).

Read about the Trend/Wave/Extreme system here

USDCF(4-HOUR) SELL 

usdchf

Why sell

  • A continuous down trend line
  • Trend (long term) and Wave (short term) indicators are all pointing down
  • None of the Extreme indicators are pointing oversold
  • Two consecutive down candles formed

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.