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Daily chart analysis- April 13, 2011


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

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