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Daily chart analysis- April 13, 2011

Tags: swing

EUR/CHF 4 Hr Chart


A nice head and shoulder pattern seen on the chart. I think I would go for it.

USD/JPY 4 Hr Chart


After a huge whipsawing on USDJPY, this pair seems to be stable now and forming Swing highs and swing lows. Yesterday this pair printed bearish candles which i think is just a retracement. Now there is a confluence of previous swing high (which is acting as a support) and 38.2 fib level which is enough to make this pair move on its previous track. I d be looking forward to buy this pair. 

USD/CHF 4 Hr Chart


Firstly the major support area , then a bullish divergence!! This pair is having some good time there. You should be buying this pair and look for profit of 100 pips



This post first appeared on PIPPIN' IT UP, please read the originial post: here

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Daily chart analysis- April 13, 2011

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