Swiss Franc was on strong down trend and we have recently seen the monetary measures taken by the Swiss National Bank (SNB) to depreciate its currency and then we have seen a bounce in CHF against USD. So still we will be looking for selling opportunities as long as the pair is in down trend. Taking a look at the technical charts we see that price action has struck against the 61.8% Fibonacci ... [Continue Reading]
Forex: USDCHF Pair Makes Life Time Low of 0.8000, More Selling Expected
The USD/CHF pair was in the down trend and we have seen the pair correcting since this week, today also we have seen about 55 pips drop in today´s session to test support at a fresh record low of 0.8000 level just before opening of the European session. USD/CHF intraday technical analysis 26 July 2011, we recommend, Open short in USDCHF below 0.8105 for target of 0.8045 and 0.8015 also place ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 4 July 2011: Sell USDCHF below 0.8495
CHF (swiss frank) is also know as the safe heaven due the politically neutral economy due to its banks secrecy laws. Intraday trading analysis (tips) for USD/CHF 4 July 2011, we recommend, Enter short in USDCHF below 0.8495 for target of 0.8445 and 0.8405 also place protective stop loss above 0.8515. Reason to trade USDCHF short: As the CHF has started to strengthen more as compared to USD. On ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 1 June 2011: Sell USDCHF Below 0.8505
Intraday trading analysis (tips) for USD/CHF 1 June 2011, we recommend, Enter short in USDCHF below 0.8505 for target of 0.8445 and 0.8405 also place protective stop loss above 0.8525. Reason to trade USDCHF short: As the CHF has started to strengthen more as compared to USD. On daily chart we find USD/CHF is on strong downtrend and this down move must continue untill the fundamentals change. We ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 23May 2011: Sell Below 0.8795
Intraday trading analysis (tips) for USD/CHF 23 May 2011, we recommend, Enter short in USD/CHF below 0.8795 for target of 0.8765 and 0.8735 also place protective stop loss above 0.8815. Reason to trade short: As the CHF has started to strengthen more as compared to USD. On daily chart we find USD/CHF is on strong downtrend and this down move may continue. We see a good selling opportunity today ... [Continue Reading]