USD CHF entering overbought area on weekly chart

usd chf weekly forecast for 30 nov. to 4 dec 2015
usd chf this week closed at 1.0288 with gain.
this was sixth weekly loss for franc
and it is trading at record high.
 
chf is now entering overbought zone on weekly chart against dollar,
which bullish as well as exit signal for long traders
on downside 1.0220 and 1.0090 are strong support zones
while on upside 1.0350 and 1.0500 are strong resistances.
 
usd chf crossed previous swing high of 1.0220 and comfortably
trading above it with strong bullish price pattern.
for traders going shorts around extremes highs
will be best trading strategy from medium term perspective.
for short term expect higher targets.

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Updated: 28/11/2015 — 1:29 PM

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Pramod Baviskar

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