Welcome to my Trading Blog

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, February 20, 2011

USD/CHF--- will it go below 0.9200 near term ??

Investors view Swiss Franc  as a darling safe heaven currency which is   further enhanced by the problems  and weaknesses  on both  the Dollars and Yen . and we predict that Usd/Chf may breach 0.9200 near term.

Daily Usd/Chf  with ab-cd Chart


Daily Usd/Chf  with Ichimoku Chart


 On the above Chart, we can derive that the strong bearish momentum shall drive this currency pair towards its recent low near 0.9298, (completion of ab-cd pattern),  and breaching  its all time low below 0.9200 cannot be discarded if the Dollars weakness persists near term.

No comments:

Post a Comment