Thursday, July 29, 2010


Just getting to know this quiet, not so volatile currency pair USD/CHF, plus the Aussie pairs AUD/USD and AUD/JPY

For intra-day analysis
Price breaks at 1.0588 will have a high probability of a short term bullish
Price breaks below 1.0535 will have a high probability of short term bear
The key in every entry, before entry are: Patience, Momentum and Timing!

In the bigger picture, USD/CHF is possibly in the process of forming a medium term sideway pattern that started as the long term bottom of 0.9634 (2008 low). The pair might continue to stay in converging range of 0.9641/1.2296 for a while. A break of either 0.9916 support or 1.1729 resistance is needed to indicate that USD/CHF is back into a directional trend. Otherwise, medium term outlook will remain neutral.

Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

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