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USDCHF moving up for 2.5 weeks?

  • #41
  • May 1, 2008 10:33pm May 1, 2008 10:33pm
Quoting The Fxorce
The statement was bullish for the USD but it was not directly bullish. The FED left the option open for another cut soon if needed. So USD weakness for today is legitimate.
Any idea where usdchf is going before the end of the week, with the consideration of US NFP number coming out at 8:30 on Friday?
Expected the unexpected
  • #42
  • May 1, 2008 10:38pm May 1, 2008 10:38pm
Quoting scyang
Any idea where usdchf is going before the end of the week, with the consideration of US NFP number coming out at 8:30 on Friday?
Many hope it goes up. Some think it may go up a bit and then down. Could drop. We'll know in 20 Min.
  • #43
  • May 1, 2008 11:30pm May 1, 2008 11:30pm
Quoting Clouds
Many hope it goes up. Some think it may go up a bit and then down. Could drop. We'll know in 20 Min.
Looks like it is going even higher. Too bad I didn't get in for the ride.
Expected the unexpected
  • #44
  • May 2, 2008 12:15am May 2, 2008 12:15am
prior to NFP we typically have a ranging market for USD majors. The software says to expect a pullback through tomorrow but you could definately see another small push up. Looking at the stochs and price I would say it's going to pull back and calm down ahead of NFP.
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It really is that easy.
  • #45
  • May 6, 2008 5:39am May 6, 2008 5:39am
Quoting The Fxorce
prior to NFP we typically have a ranging market for USD majors. The software says to expect a pullback through tomorrow but you could definately see another small push up. Looking at the stochs and price I would say it's going to pull back and calm down ahead of NFP.
Any updated analysis on what the pair will do next? Seems like it's peaked at 1.06 and can't go any higher. Down down to 1.0480 now.
Expected the unexpected
  • #46
  • May 6, 2008 5:44am May 6, 2008 5:44am
Quoting scyang
Any updated analysis on what the pair will do next? Seems like it's peaked at 1.06 and can't go any higher. Down down to 1.0480 now.
1.06 is not a peak. It was at 1.27 just a few months ago. You think it should just shoot up to 1.50 like that? It takes a week for a pair to change 1 penny in price. That is normal.
  • #47
  • May 6, 2008 5:49am May 6, 2008 5:49am
Quoting Clouds
1.06 is not a peak. It was at 1.27 just a few months ago. You think it should just shoot up to 1.50 like that? It takes a week for a pair to change 1 penny in price. That is normal.
Wasn't really expecting any such quick movement. I thought it moved drastically already in the last 10 days. Never expected that. Just think that it should change direction and go south now. Nothing goes on forever. The bull is exhausted now, I think. But then I don't really now. It might be just taking a short break before it charges again.
Expected the unexpected
  • #48
  • Last Post: May 6, 2008 5:55am May 6, 2008 5:55am
Quoting scyang
Wasn't really expecting any such quick movement. I thought it moved drastically already in the last 10 days. Never expected that. Just think that it should change direction and go south now. Nothing goes on forever. The bull is exhausted now, I think. But then I don't really now. It might be just taking a short break before it charges again.
Right, even if it is a bull (or not) it will move up and down most often. If you look at the daily chart, you will see anything is possible.
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