H4 flag. Good Swissy figures this morning and poor ADP will let this play out to technical target of <.8100. It didn't even make it to resistance at .8550.
Chart:
Chart:
Gone to a better place
GBP/CHF and USD/CHF 954 replies
Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies
Can only view EUR/USD, GBP/USD, USD/JPY, USD/CHF through broker? 1 reply
EUR/CHF, USD/CHF turning up? 1 reply
Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies
DislikedLOL - I like it! 8500 hit breach gave us sub 8400!
Longer Term I'm looking for 7850 and 7500.
At 50 cents we may see some kind of intervention cause that would be pretty pathetic!
Really depends on EUR/CHF intervention wise I think. Which is still slip sliding away.Ignored
DislikedI have a short position on USD/CHF: USD/CHF–Possible short signal (D1RTT)
http://lcchong.files.wordpress.com/2011/06/image13.pngIgnored
DislikedNot to mention this pair is where it is with GOOD reason.
The US is in turmoil. Switzerland is not. Last weeks numbers were incredibly strong for the CHF and Weak for the USD.
Even if the SNB were to buy a bunch of USD so what? It will make the pair rise artificially maybe 3oo to 4oo pips. Then what? It will not create a reversal by any means.
Then everyone will have a greater entry point to short the pair back to where it was.
Look at what happened when the BOJ pumped BILLIONS into USD and out of JPY. The pair rose 500 pips and is right...Ignored