DAILY FORECAST FOR USDCHF Bias: While 1.0977-83 caps I feel we should see a pullback to 1.0840-50 (max 1.0820) before higher again Well, the strength seen yesterday does seem to limit the downside to corrections only and I’m not sure these will be that deep. I do feel the 1.0977 area should cap early on [...] [...more]
DAILY FORECAST FOR USDCHF Bias: While 1.1108 caps I will look for losses to 1.1018-45 else look for 1.1159-76 before lower While losses broke below 1.1085 it has not been particularly weak. If this morning’s 1.1108 corrective high holds then we should see a move below 1.1069 that will stall around 1.1039-45 (max 1.1018.) Only [...] [...more]
DAILY FORECAST FOR USDCHF Bias: Overall bearish but the first move should be higher Friday’s break below 1.1252-80 provoked the long expected decline that has reached 1.1030 this morning. There is a chance this could move straight through lower but I am rather more in favor of a correction first. To confirm this we really [...] [...more]
DAILY FORECAST FOR USDCHF Bias: Mixed – but feel that while 1.1479 caps there may still be room for losses to 1.1349 before higher The break below 1.1543 was enough to trigger a solid follow-through which has reached 1.1418 thus far. I feel there may be a risk of a pullback to 1.1479 but look [...] [...more]
DAILY FORECAST FOR USDCHF Bias: The reaction from the 1.1519 high has been poor but I still prefer a bearish stance I have patiently waited for the correction to complete and I feel it has done enough and maybe it’s just impatience, but I have not been impressed with the downside so far. However, I’ll [...] [...more]
DAILY FORECAST FOR USDCHF Bias: Lack of follow-through higher yesterday leaves the downside vulnerable The cap just 6 pips above the 1.1499 resistance and decline is threatening to allow the larger downtrend to resume. Still there are some support areas to break to provide final confirmation. A move below 1.1420-25 would extend the downside to [...] [...more]
DAILY FORECAST FOR USDCHF Bias: I feel we shall see the losses below 1.1157 and into the 1.1061-91 support area The 1.1280-00 area capped on Friday and I feel this will mean that we do see one more push lower. A break below the 1.1216 low seen thus far should extend losses to the 1.1157 [...] [...more]
DAILY FORECAST FOR USDCHF Bias: I can’t rule out a test of the 1.1690-22 area but while it caps there is more downside risk I was rather surprised with the reversal from 1.1431 which wasn’t anticipated. The recovery makes it look like a complex correction and thus while the 1.1690-22 area caps I still feel [...] [...more]
DAILY FORECAST FOR USDCHF Bias: Slightly mixed but do still see a risk that price could try & retest the 1.1776-00 resistance. The gains I suspected yesterday didn’t occur and instead price drifted lower. It does leave the situation rather mixed but overall I can’t really see a strongly bullish structure now although I can’t [...] [...more]
TON: Trade ON News Plan TIME (GMT) Feb 20th, 2009 12:00GMT News Event CAD Core CPI m/m Forecast -0.1% Trading currency USD/CAD or EUR/CAD Trading condition If actual number is equal to or greater than 0.1% Sell USD/CAD or EUR/CAD If actual number is less than or equal to -0.3% Buy USD/CAD or EUR/CAD Target [...] [...more]
