USD/CHF

Double bottom is forming on 4-h chart?

Quadruple Witching Day today. Keep that in mind, normally very choppy. Good luck especially later.

Cheers

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

Up...

..and..job is done 0.8467

This is a classic CHF headfake for the people trying to predict the bottom. Going down further...dont get sucked into buying low and selling high in currencies. IT doesnt happen. Low can go LOWER!

this pair still going down

I may short USD/CHF if it meets condition of D1RTT. The factor may hold me back is USD/CHF’s momentum may not strong enough (especially in no-man’s land). One good indication of strong momentum is the movement of Gold because USD/CHF has strong correlation with Gold. If Gold movement is strong, I most likely will take the signal.

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

i prefer to buy it. there's no need to rush though

Although....I did speak with some HF managers who are slowly selling francs to make it less noticeable, until a percentage is reached in which they will sell the rest. Will this have an efect on the market..I doubt it.

looks like it is more franc temporary weakness rather than usd strength. euro still grinding higher against chf and usd. watching this pair carefully until vote confidence news from greece

Just dumped over 60 pips on 8350 support.

Gunning for a new low!

yesterday the price opened at 0.84026 adn today opened at 0.838565, which we can say the price it dropping dawn. because the seller stronger than the buyers, and the price closed below yesterday close am short at 0.83830 looking to have 0.83480 on friday?!!!!...

nice trade

lol,i am back .every thing is ok ?

Switzerland has been a safe haven since WWI&II. Its where everyone parked their money with the understanding that it would be safe.

I don't mean to imply there is a war brewing, but the global uncertainty suggests the Franc will continue to strengthen until a direction is set on the Euro or Dollar.

Currently, there is no reason to sell Francs and buy anything else.

time to buy and get 1- 0.8440, 2- 0.8518

http://lcchong.files.wordpress.com/2...ng?w=877&h=399

http://lcchong.files.wordpress.com/2...ng?w=877&h=398

continuing down

Can anyone following fundamentals share his view on MEDIUM term USD outlook with QE2 being over?

PS: I follow only technical and no sign of bottoms in USD-CHF..but from other pairs (CAD,AUS,GBP) it shows some sign.

You may have noticed that stocks have rallied since Ben started this QE program. So the same players who have benefited form the cheap money would like to take the chips of the table before there is non left (sell at the top to the fools). This transaction called distribution will be USD positive (buy back USD). Stopping a down-trend takes much more effort (try to stop a truck) then an up-trend, but there are signs of strength if you look carefully.

Above chart clearly tells me that the big boys have played a dirty game in taking out stops very cheaply (15min. before close Friday the 24th June 11) and too me this is bullish. This does not mean that we can't go lower but it is a warning sign and I would refrain to go short fundamentally and technically. USD /CHF is negatively correlated to the EUR /USD most of the time meaning if the Euro clowns continue their nonsense money will shift out of the Euro to the USD. Lastly the debt celling story in the US will be resolved sooner or later or does anybody here believe that they will stop funding the essentials ? Just think about it what chaos that would create, S&P over the cliff with the USD, surely not possible or.....

Cheers