Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • USD/CHF Technical Outlook - 1 0 comments
    Sep 17, 2013 12:30 AM

    In the 4 hours chart, the pair is in the lower regions of the channel and taking into account the slow pace of decline, risk of shorting the Greenback is now high. Thus, we will seek buying opportunities in the 1 hour chart.

    (click to enlarge)

    The traders who want to long the dollar should wait for the descending channel to be broken to the upside. As long as this channel holds, we will have selling pressure in the market and there will be little buying interest.

    (click to enlarge)

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