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USD/CHF Wave Analysis (September, 02 2009)

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   As it was in case of Euro-Dollar, Swiss complicates current wave structure, by working-off MACD divergence, mentioned earlier. A breakthrough to new minimums, mentioned yesterday, most probably puts off in time. Very complicated overall correction picture illustrates unwillingness of Swiss Central Bank to consolidate their national currency, in spite of exert pressure on it. We can suppose that in case of negative tendency accumulation on stock markets, a price can make rather sharp u-turn in favor of dollar.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst