Thursday, July 8, 2010

Rebounce (2010-07-08 USDCHF analysis)



Looking at the 4H chart of USDCHF, we can see the price kept falling for the whole June and July till now. But the degree of falling has been lowered and lowered. And checking on the stochastic slow, we can find that it is actually have a slight bullish divergence. This may give a signal to push the price back upwards. The bullish rejection candlestick at the lowest might give a bit hints on it. So let's long some and wait its rebounce!

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