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Thursday 14 March 2013

USDCHF


1. No change from previous chart.
2. Our bullish entry was correct thanks to Cyprus; and now supported by 200DMA
3. We would advise a buy on the medium term from lower near 0.9400, especially with rumours of a negative interest rates from SNB.


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1. As advised earlier, we suggested buying dips towards 0.94, but did not want to catch the falling knife.
2. Looking at the strength of the fall, we suspect that 0.94 will be a magnet level for the next few trading days.
3. As for now, look to buy for a close above 0.94300 (200 DMA).





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1. We previously advised a buy the dip towards 0.94. (refer to below post)
2, Given the sharp drop, its inadvisable to enter now.
3. We're cautiously optimistic on the 4 hourly chart.



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1. Pair looks unstoppable at the moment, breaking above, retest and clearing 200DMA
2. USD is the preferred buy across all pairs now; CHF is the no-brainer sell.
3. However, we reckon a sell zone at 0.96 area.
4. Our recommendation is to buy the dips towards the 0.94 area. Look out for the numerous data releasing this week for dip opportunities to buy.

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