USDCHF Classic Technical Report 08.08.2012

By Ilya Spivak | DailyFX – Wed, Aug 8, 2012 11:32 AM SGT

Prices are stalling above support at 0.9650 having completed a Head and Shoulders topping chart pattern. A break downward aims to challenge a rising trend line set from late May (now at 0.9551). The H&S top structure implies a measured downside target at 0.9499. Alternatively, a push back above 0.9735 targets the 0.9872-98 area.

USDCHF_Classic_Technical_Report_08.08.2012_body_Picture_5.png, USDCHF Classic Technical Report 08.08.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.2554-0.01-0.52%
    USDSGD=X
    1.6822-0.01-0.48%
    EURSGD=X
    1.9668-0.01-0.35%
    GBPSGD=X
    75.67050.09+0.11%
    SGDJPY=X
    6.17810.03+0.48%
    SGDHKD=X
    2.51030.01+0.41%
    SGDMYR=X
    7,893.836443.77+0.56%
    SGDIDR=X
    4.88400.03+0.52%
    SGDCNY=X
    1.19700.00+0.01%
    AUDSGD=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,372.405.70+0.42%
    GCN13.CMX
    21.61-0.07-0.30%
    SIM13.CMX
    100.720.40+0.40%
    ^XAU
    3.13-0.02-0.70%
    HGM13.CMX
    98.540.10+0.10%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    1.060.01
    ^FVX
    2.180.00
    ^TNX
    3.33-0.02
    ^TYX
    More Bonds »

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    0.151-0.00-0.66%
    I26.SI
    0.1230.00+2.50%
    A15.SI
    0.1570.00+1.29%
    5GC.SI
    0.5850.02+4.46%
    GJ8.SI
    3.69-0.08-2.12%
    Z74.SI
    More Most Actives »
  • % Gainers
    NamePriceChange% Chg
    0.170.02+13.33%
    CL7.SI
    0.160.02+10.34%
    595.SI
    0.150.01+10.29%
    D08.SI
    0.2350.02+9.30%
    C3T.SI
    0.120.01+9.09%
    V69.SI
    More % Gainers »
  • % Losers
    NamePriceChange% Chg
    0.194-0.03-11.82%
    5RA.SI
    0.106-0.01-10.17%
    5FF.SI
    1.67-0.11-6.18%
    GZ9.SI
    0.10-0.00-4.76%
    C06.SI
    0.30-0.01-4.76%
    S85.SI
    More % Losers »