EUR/CHF psar bull signal

The euro-Swiss franc (EUR/CHF) Forex currency pair is showing a psar bull signal on a price increase that covered 0.7% low to high before pulling back.

The pair has been on long slide from mid-October 2007, with the usual ups and downs. Most recently the price dropped precipitously over nine days, lossing 2.7% of its long value.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/CHF SFr. 1.4316

So bull signal is, to say the least, counter trend. And the pair is no stranger to whipsaws in times of change.


In February, when a short-term sideways trend dropped to a lower level, the psar did a four-day bull whipsaw, followed by a one-day bear whipsaw, and then back to bull mode, where it settled in weeks.

You are here:

• Reversal 
• SFr. 1.4753
• SFr. 1.4623
• Now SFr. 1.4316
• Reversal
• SFr. 1.4230

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.