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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
weekly and monthly chart are set up for reversal, so will follow for developments and hold for more gains.
Looks like people are selling everything to buy Euro..........or cutting shorts.........
b.
USDCHF long CHFJPY short .
I understand that EUR/CHF is not your hottest topic lately, but it would be nice to hear your view about this pair medium to long term.
My position is LONG for the medium term. Monthly chart shows divergence, Weekly chart shows bottoming + candle pattern ( 6 weeks lower lows then inverted hammer), Daily shows signs of solid bottoming.
Besides technical, isn't this level waaaaaay to low for SNB. would anybody be surprised if they "jump in" again ?
Last thing, how can Swiss business survive in such environment. Everybody has to have a "bottom line" somewhere. There is a big drop in currency from the last year, when SNB was defending 1.45-1.50 level
Thank You
b.
Qingyu I don't have any aud position at the moment but I am considering longing the AUD/yen
AUD/yen rebounded strongly from it is daily trend line earlier today and it does look to me that it is heading higher, also if this pair break 83.7 it can go all the way to 88.20 pluse the interest paied by your broker for holding the pair is very high... for example 3 lot long AUD/Yen will earn you around 700 pound a month in interest alone.
catnip been right so far about US stocks holding up. Not just a pretty face that guy, sometimes :-)