** Asia Open: Daily CHF Trade / Tue. Sep. 12, 2006 **

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PDF version 11 Sep 2006, 16:16 GMT by GCM Reach

Home : Forex Forecasts : ** Asia Open: Daily CHF Trade / Tue. Sep. 12, 2006 **

** Asia Open: Daily CHF Trade / Tue. Sep. 12, 2006 **

FOREX FORECAST & ANALYSIS

Daily Report

By J. Enrique Tolentino S.

http://www.gcmreach.com

Asia Session Open: Tactical Strategy for Tuesday September 12th, 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

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Asian Session Expected Movement: ↓

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Today's Trade Analysis: Swiss rose strongly. Now correction may be needed B4 continuing higher. Resistance around 1.2470/85-2505 should contain & spark fall

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Supports: 1.2390/1.2355/1.2320 Resistances: 1.2445/1.2480/1.2515

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Plan: Sell 1.2470, stop above 1.2520, for downmove toward 1.2330 & slightly lower

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Provided by: http://www.gcmreach.com GCM Reach

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