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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, August 22, 2010

USD/CHF-- A new target to below 1.000 ??

Swiss Franc  continues  its strengthening process due to both good Fundamentals and Risk Aversion activities. .And the possibility of reaching parity near terms remains to be EXTREMELY HIGH.


U/CHF H4 CHART


U/CHF weekly chart


TECHNICAL ANALYSIS AND TRADING STRATEGY


On H4, drifting below the Tenkan-sen level near 1.0325 shall see this currency pair retesting 1.0298 (support 1 on H4) and 1.0272(support 2 on H4) subsequently.


Breaching the above stated supporting levels will send this currency pair below parity near term .
Currently, H4, DAILY and  WEEKLY CHARTS all show bearish with negative-biased sentiments.


Sell down this currency pair on any noted PULL Back opportunities.
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