User Name: Password:      Register - Lost password?

Forex Forum     ← Back to Threads

Sort Order: Latest Post on Top - Latest Post Last            Post Reply

cyprus cy  11:57:12 GMT - 01/18/2012  
While the USD/CHF scored a lower high yesterday, the MACD indicator – blue line on our Daily Snapshot chart – is diverging with December 2011 high. The downside MACD cross is in place now – the blue line below the white one – warns an intermediate high has been achieved. The long-term picture still favors higher price for USD/CHF; however, the upside pivot level on Dow Theory lies at 0.86 - leaving quite some range for a decent correction before the upside trend resumes – we expect a move back to 0.9250 region.

This move could have an effect on EUR/CHF cross, pressuring price toward the SNB’s taboo 1.20 level. What about the stop-losses below this level, will they impact the liquidity of USD/CHF with many participants having placed safe stops below the 1.20 mark? Be careful below 1.1980, one stop loss after another may have a direct big impact on USD/CHF and EUR/CHF. Interesting times.

Have a successful trading day.
Best regards

Retail Forex Traders Association

Monthly FREE: Forex Newsletter, Special Reports, Webinars. and more. Join now

  Take a moment and check out what our sponsors have to offer by clicking on their ads.

Test Drive a Better Broker

forex brokersNEW! Global-View best brokers list section.  ASK US. for info.

Best Brokers List

  Alpari Forex


CMC Markets

Forex Services -- Free Trials

Global-View offers a full slate of currency exchange services. 

  • Real-time forex signals for trading. 

  • Trading Analysis and currency trading tips.

  • FX charts and live forex news.

Free trials  Forex (currency trading) Services

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex