Thursday, March 15, 2012

USDCHF 3-15-12

USDCHF has confirmed an uptrend on the weekly profile held the time filter above MR2.  USDCHF has also held the time filter above the top of the Persistence Zone the bulls are in control of the market on the week.  Look to buy the 1st retrace, look for support at .92307, and .92064.

USDCHF is currently above the Zone-Trader Pivot on the Yearly Profile, the price of which is .91180 and currently attempting to make a bullish breakout on the year.  USDCHF opened inside the PZ on the Year so currently the bulls and bears are fighting for control of the market within this profile.  This midpoint of the Yearly PZ is the same price as the Yearly Profile Zone-Trader Pivot .91180.  

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