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 USD/CHF
 
 2/5/2007 8:47:02 AM
User is offlineasher
5 posts


USD/CHF
I am new here, and tend to take a $/Swiss currency thinking for great turnover in $
Does anybody have any ideas for above 1.25... Any suggestion will be greatly appreciated.
Thanks
 2/5/2007 9:05:23 AM
User is offlineskylar
6 posts


Re: USD/CHF
Not sure. Maybe next year after six months 1.25 is reached again.
Good luck
 2/5/2007 9:56:30 AM
User is offlinekaiden
10 posts


Re: USD/CHF
overall we are NOT seeing higher lows and higher highs on Swiss (inverse on fiber) also we saw a new low.
So from a proper trading perspective it is always wise to go USD short on corrections .Just my thoughts.
 2/4/2009 3:51:30 PM
User is offlinePat_Mar
13 posts
www.247lcs.com




Re: Re: USD/CHF
USD/CHF dropped as well erasing gains made the past few days dropping to a low print at 1.1400 before rallying almost a full handle but the rate was unable to hold above 1.1480 and retreated to the low 1.1400 area; traders note that stops were in the 1.1550 area as expected with more around 1.1480 suggesting that the longs are hurting into mid-week. Additionally, the rate is looking for a close under the 100 day MA as a clue for further weakness putting the bulls on notice. Aggressive traders can look to add to open shorts in the rate should the 1.1380 area fail. In my view, a return to the 1.1200 handle is in the works so I think you can trade the short side near-term. USD/CAD also traded lower failing at the 1.2400 handle for a low print at 1.2310 before rallying back.

The move was a dead cat bounce and the rate returned to the 1.2320 area into the end of the day suggesting the rate has a lot of longs looking to quit soon. Highs in the rate at 2.2525 were right at technical resistance and if short from there look to add on a bounce back near the 1.2380 area for a test of the 1.2200 handle. In my view, today's surprise lift in the housing data was enough to encourage some optimism for equities and auto sales were already factored in. In my experience a large move in the majors on minor news with big news due shortly is often a foreshadowing of more to come. Tomorrow's ADP private payrolls is likely to show further contraction and today's USD sell-off may be a sign of more to come mid-week and into Friday's NFP. Look for more retreat by the Greenback overnight as follow-on selling takes hold in Asia.
 6/10/2010 5:19:26 PM
User is offlineKateJohnson
20 posts


Re: USD/CHF
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