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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:

CHF

Discuss CHF
 
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djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 4, 2010 13:13
Ashraf, Said,

!!! 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
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 4, 2010 13:04
My overall outlooks remain highly bearish on EURCHF, but I cannot ignore a daily RSI which has recently dipped below 10. Moreover, Im also waiting for a bullish price action on USDCHF at the beginning of the next week which could put an additional pressure on the Swiss franc thats why Im waiting for a significant bounce on EURCHF back towards 1.4500 at a minimum.
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
said
mulhouse, France
Posts: 2822
15 years ago
Apr 4, 2010 12:55
DJELLAL

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;
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 4, 2010 10:21
Ashraf
how could SNB intervene against EUR given SNB reserves are already 80% EUR?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 4, 2010 0:48
Qiman, that is completely false. The SNBs interventions were part of preventing excessive strength within a freely floating FX system, which is not the case of CNY. SNB only intervened against EUR and those interventions were NOT emerging at the expense of the Eurozone. The only way for US to label Switzerland as a manipulator is if the USDCHF was fixed rate and kept USD extremely weak. Where on earth do people come up with such ideas.

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
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 3, 2010 15:43
Said,
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
said
mulhouse, France
Posts: 2822
15 years ago
Apr 2, 2010 22:48
djellal

eurchf will come retest the support at 1.415 or will it break down?

thanks
Letisha
St. Catherine, Jamaica
Posts: 156
15 years ago
Apr 1, 2010 17:05
SNB intevervened abt an hr ago with the USDCHF...just not so long prices were at 1.0434...and by the time i look price flew up to 1.0605!
said
France
Posted Anonymously
15 years ago
Mar 30, 2010 13:23
KLEOO

YES
kleooo
BG, Norway
Posts: 17
15 years ago
Mar 30, 2010 7:11
Hi Said
Do u see weakening in CHF in the coming weeks towards dollar?
Regards
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