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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:
CHF
Discuss CHF
Why usdchf is dragging down also hearing that high Swiss Insurance Exposure to Japan , still the pair under pressure , can anyone please share your view on this
Haven't traded USD/JPY in the past month or so. But you can be sure it will jump higher if the FOMC is even slightly hawkish - then again, if stocks tumble, JPY may strengthen, but probably the least against the USD.
Good trading and good weekend!
Rob
But be careful bcuz many stop hunting algorhythm will try and push weak longs from mkt only to turn mkt higher.
btw u trade usdjpy? I want entry in that pair too
Rob u must be v happy
Is it good level to build long positions in USDCHF , your view on this please
I like the 4hour chart the best, recent close above 55ma, not for about a month - and being in it for about 2 weeks, I feel 92.00 was tried and is over (should've, could've, would've doubled down). It should at least push to 94 based on the daily chart - a break above the 55DMA should provide much better momentum upwards.
I'd did quite well a few weeks ago Ashraf, when you brought up AUD/USD, I'll look to it again. Thanks!