CHF Backs USD Shorts
USDCHF offered opportunities for range-bound traders seeking 1-2 day positions within the 1.0270-1.0390s territory since Dec 23. This point was raised since Dec 20 (beginning of winter break). While the current pattern may persist into the rest of this week, the weekly chart suggests fresh downside ahead as shown the slow stochastics and the failed high at 1.0507 trend line resistance. Although were not throwing the towel on our expectations for further gains in USD, this chart illustrates the CHF as our preferred currencies to buy against USD at the next round of USD selling. This also means USDCHF would be among the smallest gainers in time of advances in the greenback. Interim target stands at 1.0180, followed by 1.0130 and 1.0090. While any recovery is seen limited at 1.0365-70, aggressive shorts could allow stops for subsequent resistance at 1.0590s.
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تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi.
it appears usd.chf has carved out a nice (shorrt-term) bottom here. It is actually continuing to make way, currently at 1.0185. To me this is another "ally" on the side of usd, as it is grinding higher while eur.usd remains stagnant at 1.4485.
At what point do you close the short, or is it like a paired-trade to short usd.chf while shorting either eur.usd or gbp.usd, an you don't leg out. Do you close both at the same time?
Now that Usd/Jpy got destroyed and decimated and smashed through the TL 92.20 and will not close above this level, will you rescind your call for 93.50 later this week, and 95.00 overall?
At what point will you publicly announce you have thrown in the towel on usd/jpy long, eur/usd short, gbp/usd. Come on, it is not only OK, but ethical to disclose your positions in these pairs were all closed mid-last week.
you did not forget me . you are the best
thank you again
taslam , ana ahbak kteer kteer
Ashraf
Do you mean Bloomberg, etc? - Many thanks, M.
Ashraf
your friend zwan
zwan, i see 1.6350.
Ashraf
Do you expect EUR/CHF (and GBP/CHF) to fall along with USD /CHF? And do you think the SNB is finished with interventions?
Thnaks
can you give your opinion about GBP/CHF , will it break 1.6430 ???
thank you