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** Asia OPen: Daily CHF Trade / Wed. Aug. 30, 2006 **
** Asia OPen: Daily CHF Trade / Wed. Aug. 30, 2006 **
FOREX FORECAST & ANALYSIS
Tuesday, August 29, 2006 0:48 GMT
Daily Report
By J. Enrique Tolentino S.
http://www.gcmreach.com
Asia Session Open: Tactical Strategy for Wednesday August 30th, 2006: USD/CHF
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Medium Term Trend:CHF seems already put a bottom above 1.21. Now 1.2240/1.2180-55 should contain & spark a powerful upmove toward 1.3050 level
*************************************************************** Asian Session Expected Movement: ↑
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Today's Trade Analysis: Swiss retraced lower as predicted. Now, 1.2255/30 should provide enough support & spark the upmove continuation toward 1.2440/55
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Supports: 1.2255/1.2230/1.2190 Resistances: 1.2305/1.2340/1.2375
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Plan: Buy 1.2255, stop below 1.2220, for upmove continuation toward 1.2440/55
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