Showing posts with label USD/CHF. Show all posts
Showing posts with label USD/CHF. Show all posts
Monday, June 24, 2013
Thursday, May 2, 2013
USD/CHF ~ 2 May 2013
We got another huge sell-off after the USD/CHF touched the trend line at 0.945:
Tuesday, April 23, 2013
USD/CHF ~ 23 April 2013
The rally in the USD/CHF is even bigger than I expected, we're already near the declining trend line:
After we hit it, I think a decline back to 0.94ish should follow.
After we hit it, I think a decline back to 0.94ish should follow.
Wednesday, April 17, 2013
USD/CHF ~ 17 April 2013
The USD/CHF hit my target yesterday:
If yesterday's lows hold, we could see a bounce to 0.94ish. Should they break though, a sell-off to below 0.91 should follow.
If yesterday's lows hold, we could see a bounce to 0.94ish. Should they break though, a sell-off to below 0.91 should follow.
Wednesday, April 10, 2013
USD/CHF ~ 10 April 2013
Once again the USD/CHF turned at the trend line around 0.95:
We're now already below the previous support at 0.938. As long as the USD/CHF stays below 0.938ish, the next objective should be the trend line at 0.92ish.
We're now already below the previous support at 0.938. As long as the USD/CHF stays below 0.938ish, the next objective should be the trend line at 0.92ish.
Wednesday, March 27, 2013
USD/CHF ~ 27 March 2013
After a correction after hitting the parallel trend line in mid March, the USD/CHF is now back up at the mid March levels. If this level gets taken out, we should see a rally to the mid 2012 highs near 1.00:
Thursday, March 14, 2013
USD/CHF ~ 14 March 2013
The USD/CHF broke the declining channel late February and has rallied more than two cents since then:
A rally to 1.00 seems possible if 0.955ish is convincingly breached.
A rally to 1.00 seems possible if 0.955ish is convincingly breached.
Tuesday, February 26, 2013
USD/CHF ~ 26 February 2013
The USD/CHF is still trading just below the upper trendline:
If the trendline holds, we should decline back to the lower trendline.
If the trendline holds, we should decline back to the lower trendline.
Thursday, February 21, 2013
Wednesday, February 13, 2013
Wednesday, September 12, 2012
USD/CHF ~ Update ~ 12 September 2012
The USD/CHF is at an important level:
If 93.00-50ish holds, we could get another move up to the upper trendline. If it breaks though, a decline to 0.90ish seems likely.
If 93.00-50ish holds, we could get another move up to the upper trendline. If it breaks though, a decline to 0.90ish seems likely.
Wednesday, August 17, 2011
USD/CHF ~ Update ~ 17 August 2011
About one week ago the USD/CHF hit an all-time low of 0.706.
Since then we've rallied back up to the resistance around 0.8 and have been consolidating just below it for the last couple of days:
Resistance levels are at 0.80ish and 0.83ish. Support is at 0.78ish.
Since then we've rallied back up to the resistance around 0.8 and have been consolidating just below it for the last couple of days:
Resistance levels are at 0.80ish and 0.83ish. Support is at 0.78ish.
Tuesday, August 9, 2011
USD/CHF ~ Update ~ 9 August 2011
Not only the EUR/CHF is crashing but also the USD/CHF:
About two weeks ago the USD/CHF declined below 0.80 for the first time. Today we're already near 0.70 - just insane!
Resistance levels are at 0.76ish, 0.80ish and 0.83ish.
About two weeks ago the USD/CHF declined below 0.80 for the first time. Today we're already near 0.70 - just insane!
Resistance levels are at 0.76ish, 0.80ish and 0.83ish.
Tuesday, August 2, 2011
USD/CHF ~ Update ~ 2 August 2011
As well as the EUR/CHF the USD/CHF hit a new all-time low today at 0.77.
Resistance levels are at 0.80ish and 0.83ish. As long as these levels hold the trend is down.
Resistance levels are at 0.80ish and 0.83ish. As long as these levels hold the trend is down.
Tuesday, July 26, 2011
USD/CHF ~ Update ~ 26 July 2011
And there we are: USD/CHF below 0.80:
After a short-lived bounce up to the resistance around 0.83 the USD/CHF declined again and hit 0.7997 a few minutes ago.
As long as we remain in the channel the medium-term trend is down. Resistances are at 0.83ish and 0.855ish.
After a short-lived bounce up to the resistance around 0.83 the USD/CHF declined again and hit 0.7997 a few minutes ago.
As long as we remain in the channel the medium-term trend is down. Resistances are at 0.83ish and 0.855ish.
Wednesday, July 13, 2011
USD/CHF ~ Update ~ 13 July 2011
Just like the EUR/CHF the USD/CHF knows only one direction: down.
I wouldn't be surprised to see 0.80 within a few days...
Resistances are at 0.83 and 0.855. As long as we stay below these levels the medium-term trend is down.
I wouldn't be surprised to see 0.80 within a few days...
Resistances are at 0.83 and 0.855. As long as we stay below these levels the medium-term trend is down.
Sunday, June 26, 2011
Weekend Update ~ 26 June 2011
Big update today because I'm on summer vacation until July 7th.
As already mentioned on Friday the SPX has been trading between 1260 and 1296 since early June and I hope it will continue till I'm back... ; )
It looks like a big flat has been underway since mid February. We're currently in wave [iv] or already in wave [v] of wave C so we should bottom out within the next one or two weeks:
If the market declines below 1260ish a sell-off to 1220-30 or even a tad lower to the weekly MA 76 (currently around 1200 and rising 2 handles/week) is very likely. A convincing break of 1296 though is bullish and should lead to a rally to 1313 and then 1345.
USD/CHF
As said last week as long as the USD/CHF stays below 0.86 the trend is down. We've already seen a new low on Friday and if we get a convincing break of the 0.83 area we may see 0.80 very soon.
EUR/CHF
Not much happened since my last update. The EUR/CHF just continues to go lower and as long as the channel holds I continue to expect lower prices.
EUR/USD
The EUR/USD has bounced off of the 1.41 area a few times already and it looks a bit like a contracting triangle is forming. If we break lower we could see 1.34-35 later this year and if we break higher a rally to 1.50ish again is likely.
Gold
Nothing really changed. Still in an uptrend as long as the uptrend line holds
The European Debt Crisis... : ))
Have a great rest of the weekend/next week and a great Independence Day to the US readers! ; )
See you on July 7th!
Hugo
As already mentioned on Friday the SPX has been trading between 1260 and 1296 since early June and I hope it will continue till I'm back... ; )
It looks like a big flat has been underway since mid February. We're currently in wave [iv] or already in wave [v] of wave C so we should bottom out within the next one or two weeks:
If the market declines below 1260ish a sell-off to 1220-30 or even a tad lower to the weekly MA 76 (currently around 1200 and rising 2 handles/week) is very likely. A convincing break of 1296 though is bullish and should lead to a rally to 1313 and then 1345.
USD/CHF
As said last week as long as the USD/CHF stays below 0.86 the trend is down. We've already seen a new low on Friday and if we get a convincing break of the 0.83 area we may see 0.80 very soon.
EUR/CHF
Not much happened since my last update. The EUR/CHF just continues to go lower and as long as the channel holds I continue to expect lower prices.
EUR/USD
The EUR/USD has bounced off of the 1.41 area a few times already and it looks a bit like a contracting triangle is forming. If we break lower we could see 1.34-35 later this year and if we break higher a rally to 1.50ish again is likely.
Gold
Nothing really changed. Still in an uptrend as long as the uptrend line holds
The European Debt Crisis... : ))
Have a great rest of the weekend/next week and a great Independence Day to the US readers! ; )
See you on July 7th!
Hugo
Sunday, June 19, 2011
USD/CHF ~ Update ~ 19 June 2011
The pattern continues:
As already mentioned mid May the pattern is always the same: new low - retest old low - new low - etc.
So as long as this continues, i.e. we don't rally above 86ish, the trend is clearly down. The down waves measured about 600 to 800 pips thus the next wave could bring the USD/CHF to below 0.80!
As already mentioned mid May the pattern is always the same: new low - retest old low - new low - etc.
So as long as this continues, i.e. we don't rally above 86ish, the trend is clearly down. The down waves measured about 600 to 800 pips thus the next wave could bring the USD/CHF to below 0.80!
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