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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
!!! It doesn't mean that I'll be long this week on EURCHF, but I'm waiting for a better level to short again. I'll not go against the trend. "Trend Is my friend" too
However I remain attentive to the troubles in Eurozone and I will keep an eye on Swiss figures this week which could urge me to invert my short term outlook on EurChf
1.4580 BY MAY JUNE
THERE IS MORE DOWN PRESSURE ON THIS PAIRS
WHEN 1.45 WILL BE TESTED THAT WILL MEAN THE SNB WILL NOT NEED ANY MORE INTERVENTION FOR A WHILE;
U CANT EXPECT THIS LEVEL FOR THE NEXT TWO WEEKS;
how could SNB intervene against EUR given SNB reserves are already 80% EUR?
Djellal, are you basing that EURCHF forecast only on RSI? If the rally occurs on SNB action, that would mean USDCHF strength but not necessarily a rally in EURUSD.
Ashraf
Last week Oversold + SNB intervention = I'm waiting for a correction towards 1.4580 before a pursuit of the bearish trend.
My chart studie on facebook If you want: http://www.facebook.com/photo_search.php?oid=114000341949082&view=user#!/photo.php?pid=1198580&op=1&o=user&view=user&subj=114000341949082&aid=-1&oid=114000341949082&id=1144201104
Regards
djellal
eurchf will come retest the support at 1.415 or will it break down?
thanks
YES
Do u see weakening in CHF in the coming weeks towards dollar?
Regards