Long for USD/CHF

Nestup

Member Since Sep 05, 2014 2 posts

Sep 05, 2014 at 17:18

Member Since Sep 05, 2014 2 posts

Maybe it was a entry too early for longing Swiss.

but I still wanted to try even if I was wrong .

Tonight is a risk and a bet .

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CrazyTrader

Member Since Nov 21, 2011 1601 posts

Sep 06, 2014 at 01:18

Member Since Nov 21, 2011 1601 posts

At least you entered into the trend direction:

niceGLer

Member Since Dec 28, 2013 160 posts

Sep 07, 2014 at 06:31

Member Since Dec 28, 2013 160 posts

I would wait until the prices are closer to the rightmost support line drawn in the chart of CrazyTrader. If they break through that line it might be a short selling situation again. Currently, the distance is still about 100 pips.

alexforex007

Member Since Oct 11, 2013 769 posts

Sep 07, 2014 at 18:35

Member Since Oct 11, 2013 769 posts

As long as the US fundamentals keep supporting the Dollar, the pair may continue going higher, but there is the risk of a correction.

niceGLer

Member Since Dec 28, 2013 160 posts

Sep 10, 2014 at 06:39

Member Since Dec 28, 2013 160 posts

Now it seems that the price is ascending again after being ranging within about 60 pips. Would you call that a correction, or is it likely that USDCHF will yet try to move closer to the support line?

alexforex007

Member Since Oct 11, 2013 769 posts

Sep 12, 2014 at 04:18

Member Since Oct 11, 2013 769 posts

The USDCHF has found a good resistance at the 200 week EMA, around the 0.9394 level.

EURUSD	1.13571	GBPUSD	1.33419	AUDUSD	0.64622
USDJPY	143.192	USDCAD	1.37923	USDCHF	0.81971

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