Archived IMT (2010.10.27)
USDCHF & GBPCHF FOCUS. GBPCHF surges past its 55-day MA for the 1st time since August, carrying broad CHF weakness and GDP-driven rally in sterling. Readers of my Friday/Sunday IMTs & Tweets were told of the GBPUSD & GBPCHF COMBO trade (Oct 22) calling for 1.57 in GBPCHF. While the daily chart appears overstretched, weekly oscillators suggest further upside towards temporary target of 1.5830, but 1.6 remains a key resistance as it presents the confluence between the 55-WEEK MA and the trendline from the June high. Similarly, USDCHF DAILIES appear capped at parity (55-day MA), but the weekly shows further upside towards 1.005 into next week, followed by 1.02. many are already bidding up USD on the rationale that Wednesdays QE announcement would not be enough to weigh on USD, so watch out for a possible change (of change) on the actual day. Meanwhile the SP/VIX Ratio shown in yesterday's video is well in play as the right shoulder fails to regain 65 and a move towards 50-52 is in the works (lower S&P, higher VIX)
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17