Forex Buy & Sell Trading Signals - page 5
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Hello Traders,
Forex Signals & Analysis for 27th July 2011:
Usd/Chf Buy 0.7970/75 then 0.7950/55 then 0.7910/15, sell 0.8065/70 then 0.8095/00 then 0.8120/25
Usd/Jpy Buy 77.40/45 then 77.20/25 then 76.65/70, sell 78.60/65 then 78.00/05 then 79.30/35
Euro/Usd Buy 1.4360/65 then 1.4295/00 then 1.4230/35, sell 1.4590/95 then 1.4630/35 then 1.4735/40
Gbp/Usd Buy 1.6265/70 then 1.6200/05 then 1.6140/45, sell 1.6490/95 then 1.6525/30 then 1.6630/35
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, as expected psycological level 0.8000 formed a strong support(Good Buy), today retracement is at 0.8065/70, break is to 0.8135/40 then break here would target 0.8250/60 that must hold, while below 0.8000 is to target our short term buy signals.
Usd/Jpy This pair is still on downtrend, retracement is at 78.20, break is to 78.60, above here is to target 79.50/60 and hold there, while low is at 77.20/30.
Euro/Usd This pair is still on uptrend(pardon me for yesterday mistake "downtrend" but surely you undertood that it was a typing mistake as the followed content shows the uptrend direction..),
today retracement is at 1.4430/40, break is to 1.4300, a base below here would change direction but must hold at 1.4230/40, while high is at 1.4640/50.
Gbp/Usd This pair is still on ptrend, retracement is at 1.6340/50, break is to 1.6230/40, break here would target 1.6120/30 and change trend direction, while on the upward movement would target our short term sell signals.
Aud/Usd This pair is still on uptrend, boosted today another big bullish candle after AUssie CPI News Release came out as good, better than forecast by 0.2% (forecast was 0.7%, actual came out as 0.9%).
In bt., I have doubts about the forecast numbers of some news releases, for example: the previous Aussie CPI number was 1.6%, so it was clear that the new(released today) CPI number would not be worse than 0.7%(forecast), it would not drop more than 1% especially with recent good situation of the Aussie. So sometimes the forecast number is clearly favoring some currencies, because if it was reasonably at 1.1% and actual came out as now 0.9% then it was a bad news and the Aussie could had weakened fast.
Ofcourse, nothing against the Aussie..LOL, other currencies also have same doubting forecast scenario sometimes.
Anyway, today retracement is at 1.0910/20, break is to 1.0795/00 then 1.0750/60 must hold and 1.0960/70 is forming a front support, on the upside must hold at 1.1060/70, above here if liked to target a very overbought area then it would be 1.1100 then 1.1150/60 would surely hold to make a correction later on with a collapse from this level.
Usd/Cad This pair kept on downtrend, targetted our yesterday low price 0.9400/10 then retraced upward, today low price level is at 0.9390/00, break is to 0.9370/75 then 0.9340 must hold, while retracement is at 0.9455/60 break is to 0.9495/00 then break above here must hold at 0.9560.
Nzd/Usd This pair is still on uptrend, targetted today high price at 0.8760/70, break above if occured is to target 0.8780/90, above is not in the picture but if occured then 0.8815/20 would be next target, retracement is at 0.8670/80, break is to 0.8570/80, below here not in the picture but if happens to be would target 0.8430/40 and hold there.
Euro/chf This pair have 2 Scenarios or options for today, a base above 1.1640/50 is to target 1.1810/20 while a base below 1.1620 is to target 1.1530/40 then 1.1470/80 must hold
Euro/Gbp This pair is still on uptrend, targetted yesterday our high price level at 0.8870/80 then fell down, today retracement is at 0.8820, break is to target 0.8800, a base below would change direction and target 0.8750/60 then 0.8700/10 must hold while high is at 0.8870/75
Euro/Jpy This pair is kept on uptrend, targetting 113.70/80, above is to target 114.20/25 but 114.90/00 must hold, while retracement is at 112.70/80, break is to 112.30/40, a base below would target 111.70/80
Gbp/Jpy This pair is kept on uptrend, retracement is at 127.70/75, break is to 127.50/60, below would target 127.00/10, if breaks below here would target 126.60/70, while resistance is found at 128.20/30, a base above is to target 128.60/70 then 129.00/05 must hold
Gbp/Chf This pair kept on downtrend from yesterday, retracement is at 1.3180/90, break is to 1.3200/05, then a base above would target 1.3310/20 that must mainly hold.
Oil is still on uptrend despite having each day many scenarios from down to up then always being rejected from above at our high prices and opening a new candle below 100, as I said yesterday it seems that there's no clear decision yet for Oil to base above 100 and target higher prices, today retracement is at 99.00, break is to 98.10/20 then 97.20/30, a base below is to target 96.20/30 then possibly 94.80/90 that must hold, while high is at 100.40/50, above is to target 101.10/20 then 102.00/10 then possibly 103.40/50
Gold is still on uptrend, held above yesterday retracement at 1506/07 to keep upward momentum, targetting as high as 1636 with resistance on the way as 1625 then 1628, while retracement is at 1612/13, break is to 1601/02, a base below might target as low as 1565/66 that must hold
***Keep Close look at US Debt Ceiling News because any new optimisim or default would direcrly reflect at and effect the markets. It is clear that no decision to let Usd/Chf collapse below psycological level 0.8000, nothing would lead to that but a clear US Debt Default news, and I'll also look closely at CHF Barometer News Release that might give some breath for the CHf pairs weakening the Chf currency if number came out as bad but also might lead Usd/chf to break below 0.8000 but there's still doubt that this level would break easily unless crucial news lead to that.
Also, a positive news about Debt Ceiling Solution would quick powering the Dollar Currency against all other currencies, so take care of that scenario too.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 28th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7980/85 then 0.7965/70 then 0.7940/45, sell 0.8050/55 then 0.8070 then 0.8090/95
Usd/Jpy Buy 77.50/55 then 77.25/30 then 77.00/05, sell 78.30/35 then 78.45/50 then 78.80/85
Gbp/Usd Buy 1.6260/65 then 1.6230/35 then 1.6150/55, sell 1.6435/40 then 1.6485/90 then 1.6535/40
Euro/Usd Buy 1.4260/65 then 1.4215/20 then 1.4095/00, sell 1.4530/35 then 1.4610/15 then 1.4685/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.8050, break is to 0.8120 then a break above here would target 0.8235/40 that must hold, while low price level is at 0.7930/40 only if price bases below 0.8000 which wasn't the case from some days till now, actually 0.8000 was broken but shyly to only hit 0.7995 which is only seen as a false breakout.
Take Note that buyers are now found near the 0.8000 price level and current low price might be found later on as the reversal of this pair to keep going up later on after the debt problem is solved. The clock is ticking, lets see what would be the case in few coming days and remember that heavy buying for the dollar currency would occur when the news of debt ceiling solution would be spread out so take care of that, start buying the dollar from the ground price before seeing it on the roof later on..
Ofcourse, if the congress didn't like to upset us with Mr. Presient Obama, & Mr. Ben Genius(Bernanke) don't come out with some foolish remarks as reviving QE3 idea, stay at home Mr. Ben Genius do not come out we do not want to see your nice beard..LOL
Anyway, it is clear that default isn't an option, there's no option but success in this debt ceiling problem, but maybe..
Usd/Jpy This pair is still on downtrend, went up to yesterday retracement as fears of intervention controlled traders(sellers of this pair), today retracement is at 78.00/05, break is to target 78.45/50 then above here is to target 79.35/40, while low is at 77.10/20(Buy Buy Buy)
As I explained in previous posts, BOJ would not intervene every day, would only do that surprisly as had done till now, maybe once or maximum twice a week or at low price level as 77.50 or around 77.00/20, so keep focus at that. Mainly, it look as if intervention would be hand to hand with debt ceiling solution date.
Euro/Usd This pair is today squeezed bt. resistance and support after leaving uptrend with a successful big pips breakout strategy yesterday, above resistance at 1.4380 is to target 1.4435/40, above would might lead to cover most of yesterday down movement with resistance at 1.4500, while below support at 1.4320 would target 1.4300 then below to our short term buy signals.
Gbp/Usd This pair is still uptrend, kept basing above 1.6320 is to target 1.6420/30, while a base below 1.6320 might lead to target 1.6240/50 changing trend direction, below would target 1.6130/40 that must hold.
Usd/Cad This pair is looking to leave downtrend to base on uptrend, if keeps the base above 0.9470 targetting 0.9550/60 then a break would target 0.9635/40 that must hold, while low is at 0.9400/10
Nzd/Usd This pair is still on uptrend, retracement is at 0.8670/75, break is to 0.8600/10, then below here if a collapse occur would target 0.8440/50 that must hold, while high is at 0.8790/00
Euro/Chf This pair performed a successful breakout strategy yesterday, basing on downtrend again but mainly moving sideways even if on downtrend channel since current price level had been a rejection in past days, retracement is at 1.1570, break is to 1.1610/20, above would target 1.1770/75 that must hold, while low is at 1.1430/40 must hold.
Euro/Gbp This pair is on downtrend today after a successful breakout strategy, basing below retracement at 0.8800/10 targetting 0.8770 first then a break would extend weakness to 0.8750 then 0.8725/30 then below 0.8700 would hold at 0.8680/90, while above retracement is to 0.8840/50
Aud/Usd This pair is still on uptrend, held on front support today at 1.1000/10 to keep a powerful uptrend, retracement is at 1.0960 break is to 1.0820/30 then below must hold at 1.0770, while new historic hihs might be 1.1110/15 if breaks above 1.1080 then 1.1100
Euro/Jpy This pair reversed yesterday with a successful breakout strategy to base on downtrend but mainly moving sideways, retracement is at 112.20/30 break is to target 113.40/50, while low is at 111.00/10 that must hold
Gbp/Jpy This pair also reversed to downtrend with a successful breakout, but mainly moving sideways, retracement at 127.40/50 break is to target 128.00/10, while low is at 126.50/60 then 126.10/20 must hold
Gbp/Chf This pair is still on downtrend, retracement is at 1.3130/40 break is to 1.3190/00, above here would target 1.3290/00, while low is at 1.3050/60 that had been forming good support in past days, so a break below is forbidden but if occur would target 1.3000 psycological level then 1.2950/60 would hold.
Oil performed a successful breakout strategy yesterday, today basing on downtrend, below 98.20 targetting as low as 94.40/50 and low resistance is forming at 97.30/40, above retracement might target high at 100.10/20
Gold is still on uptrend holding at today retracement 1612, break is to 1603, below might target as low as 1571 with support levels on the way bt. 1580 and 1583.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 29th July 2011:
Short Term Signals:
Usd/Chf Buy 0.7970/75 then 0.7955/60 then 0.7925/30, sell 0.8050/55 then 0.8070/75 then 0.8095/00
Usd/Jpy Buy 77.45/50 then 77.35/40 then 77.10/15, sell 77.95/00 then 78.15/20 then 78.30/35
Gbp/Usd Buy 1.6295/00 then 1.6255/60 then 1.6225/30, sell 1.6415/20 then 1.6435/40 then 1.6490/95
Euro/Usd Buy 1.4225/30 then 1.4180/85 then 1.4110/15, sell 1.4430/35 then 1.4475/80 then 1.4550/55
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, targetted new historic low yesterday at 0.7990, again moving shyly below 0.8000 before spiking up to 0.8050 as if the markets are giving warnings that a quick collpase is in the hand if US Debt Ceiling problems ends with no solution.
Today retracement is at 0.8030/40, break is to 0.8100/10, above here would target 0.8210/20, while low is at 0.7910/20
Usd/Jpy This pair is still on downtrend, retracement is at 77.85/90, break is to 78.30/40 then above here would target 79.20/30, while low is at 77.00
Euro/Usd This pair is again squeezed bt. resistance at 1.4355/60 break is to 1.4400 then might target 1.4500, and support at 1.4375/80, break is to as low as 1.4130/40 and confirming downtrend movement with support levels at the way down as our short term buy signals..
Gbp/Usd This pair is still on uptrend, holding above retracement at 1.6330/40 targetting 1.6450/60, while below retracement is to target 1.6260/70, break here must hold at 1.6150/60
Usd/Cad This pair is basing on uptrend today, above 0.9480 targetting 0.9550/60 then 0.9610/20 while below 0.9480 might target 0.9400
Nzd/Usd This pair is looking to leave uptrend after many many days basing above, below 0.8685/90 targetting 0.8620/30, break below is to target 0.8470/80 that must hold, while a base above 0.8685/90 is to target high at 0.8815/20 that must hold
Euro/Chf This pair is still on downtrend, targetting 1.1420/30 below 1.1400 would extend weakness fast with a new historic low, while retracement is at 1.1520/30, break is to 1.1600/10, above here would target 1.1720/30
Euro/Gbp This pair still on downtrend from yesterday, targetted our yesterday low price, today retracement is at 0.8780/90 break is to 0.8795/00, above would target 0.8835/40 then 0.8870/80 must hold, while low price level is at 0.8670/80
Aud/Usd This pair is still on uptrend, but might be on the verge of changing this view if breaks belwo retracement at 1.0960 targetting 1.0850/60, break below must hold at 1.0770/80, while holding above retracement might target 1.1020/30
Euro/Jpy This pair is still on downtrend, retracement is at 111.70/80, break is to 112.10/20, a break above here would target 113.10/20, while low price level is at 110.40/50, below might extend weakness to as low as 109.00/10
Gbp/Jpy This pair is still on downtrend, retracement is at 127.40, a base above would target 127.90/00 then 128.40, above here would extend gains to 129.40, while low is at 125.60/70
Gbp/Chf This pair is still on downtrend, retracement is at 1.3125/30, break is to 1.3180/90, above here would target 1.3260/70 then 1.3290/00, while low price level is at 1.2950/60 if broke below 1.3000 psycological level..
Gold still on uptrend after targetting yesterday retracement then going up again, today retracement is at 1613, break is to 1605/06, below 1600 would target as low as 1577/78, while basing above retracement would target 1620 then 1628/29, above here would extend gains fast to 1640
Oil is still on downtrend from yesterday targetting 94.80/90, below would extend gains fast, retracement is at 97.70, break is to 98.20, above here might target 100.10/20
We have an Important news release today for the Dollar Currency:
- US Advance GDP: Buy Usd/Chf & Usd/Jpy if 1.8% or above while Buy Euro/Usd & Gbp/Usd if 1.3% or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 1st August 2011:
Short Term Signals:
Usd/Chf Buy 0.7765/70 then 0.7725/30 then 0.7605/10, sell 0.8015/20 then 0.8090/95 then 0.8155/60
Usd/Jpy Buy 76.15/20 then 75.95/00 then 75.15/20, sell 78.25/30 then 78.60/65
Euro/Usd Buy 1.4235/40 then 1.4160/65 then 1.4095/00, sell 1.4485/90 then 1.4525/30
Gbp/Usd Buy 1.6250/55 then 1.6170/75 then 1.6090/95, sell 1.6540/45 then 1.6595/00
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement is at 0.7965/70, break is to 0.8060/70, then above here would change trend direction to target 0.8170/80, while low is at 0.7850/60
Usd/Jpy This pair is still on downtrend, retracement is at 77.60, break is to 78.00/10(this breakout strategy had been performed in today early hours but might be repeated later), above would change trend direction targetting 79.00/05, while low is at 76.50/60
Euro/Usd This pair is still movign sideways despite market price now basing on uptrend channel, above 1.4360 targetting high at 1.4550/60, while below 1.4350 might target 1.4270 then 1.4220/30, below would base this pair on downtrend, possibly targetting 1.4130/40
Gbp/Usd This pair is still on uptrend, targetting high at 1.6510/20, retracement is at 1.6380/85, break is to 1.6310/20 then 1.6250/60, below would change trend direction targetting 1.6170/80
Usd/Cad This pair is still on uptrend, retracement is at 0.9500/10, break is to 0.9480, a base below would change trend direction to target 0.9450/60 then low at 0.9400/10, while kept basing above retracmeent is to target 0.9620 then 0.9660/70 but 0.9700/05 must hold.
Nzd/Usd This pair is still on uptrend, targetting high at 0.8880/90, retracement is at 0.8740/50, break is to 0.8670/80, below would change trend direction targetting 0.8500/10 that must hold
Euro/Chf This pair is still on downtrend, retracement is at 1.1440/50, break is to 1.1570/80 then 1.1670/80 must hold, while low is at 1.1230/40
Euro/Gbp This pair is still on downtrend, retracement is at 0.8765/70, break is to 0.8790/00, above would chnange trend direction to target 0.8820/30 then 0.8860/70 must hold, while low is at 0.8680
Aud/Usd This pair kept uptrend, after a huge fall but held above 1.0900 and retraced upward, opening today daily candle above retracement at 1.0980, break is to 1.0900/10, below here would change trend direction targetting 1.08000, while high is at 1.1070/80
Euro/Jpy This pair is still on downtrend, retracement is at 111.50 break is to 112.00/10(had been performed in early hours today but might be repeated later), above would change trend direction targetting 112.75/80, above would power upward movement targetting 113.90/00 then possibly 114.70/80, while low is at 109.10/20
Gbp/Jpy This pair is looking to base on uptrend today, above 127.30/40 targetting 129.40/50 but might filter below 130.00 for today, while below 127.00 might target low at 125.60/70 with support level on the way at 126.00.
Gbp/Chf This pair is still on downtrend, retracement is at 1.30/50/60, break is to 1.3150/60, above would change trend direction to target 1.3220/30, a base above here would more boost gains, while low is at 1.2910/20
Oil is still on downtrend, targetted our low price on friday, retracement is at 97.20/30, break is to 98.00/10, above would chnage trend direction to target 99.90/00 that must hold, while low is at 95.00, below would more extend weakness to target 94.30/40 then 93.60 and possibly 92.30
Gold fell from uptrend, but today squeezed bt, resistance at 1615 break is to 1632/33, above is to target high at 1649/50 that must hold, and support at 1607 below would target 1584/85 changing trend direction, break below would target 1560
We have 2 Important News Releases today for the Sterling & Dollar Currencies:
- UK Manufacturing PMI: Buy Gbp/Usd if 53 or above while sell if below 50
- US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 57 or above while Buy Euro/Usd & Gbp/Usd if 53 or below
*** To keep enlightening from time to time at this news release stratgey, friday great success was the "US Advance GDP", as you remember well the signal was Buy Euro/Usd & Gbp/Usd if 1.3% or below(or vice versa by selling Usd/Chf & Usd/Jpy), and the news release number came out exactly at 1.3% and all traders remember how both pairs spiked up while Usd/Chf & Usd/Jpy collapsed down..
**The market seem to be kidding me.., after Debt Ceiling deal had been announced by US President Obama, a shy power had been realized for the dollar currency especially for Usd/Jpy & Usd/Chf pairs with also Gold collapsing but then market retraced to be currenctly in a moderate status after traders & investors are waiting for a more serious clear end of this saga with a vote...
Honestly, the dollar must keep powering as started at today market open, called safe haven currencies as Chf, Jpy & also Gold might start loosing strength but maybe not dramatically till the US leaders stop playing this chicken game, playing with the whole global economy and acting as kids that can't union to solve their problem.
I believe that trust isn't found yet in a dollar keep powering until US Leaders act seriously with definite actions that must be appearing soon..
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 2nd August 2011:
Short Term Signals:
Usd/Chf Buy 0.7680/85 then 0.7610/15 then 0.7500/05, sell 0.7985/90 then 0.8060/65 then 0.8170/75
Usd/Jpy Buy 75.95/00 then 75.40/45 then 74.55/60, sell 78.35/40 then 78.90/95 then 79.80/85
Gbp/Usd Buy 1.6155/60 then 1.6095/00 then 1.5955/60, sell 1.6480/85 then 1.6570/75
Euro/Usd Buy 1.4095/00 then 1.4025/30 then 1.3865/70, sell 1.4460/65 then 1.4560/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, new hsitoric low that was compatible with our yesterday short term buy signals for this pair, today low is at 0.7790 below would target yesterday low price then if breaks might target today short term buy signals, retracement is at 0.7890/00, break is to 0.8010/20, above here would target 0.8140/50
Usd/Jpy This pair is still on downtrend, retracement is at 77.45/50, break is to 77.85/90, a base above here would target 78.80/90 then 79.30/40, while low is at 76.30/40, below might target our short term buy signals.
Euro/Usd This pair based on downtrend today, below retracement at 1.4300/10, with low resistance might be forming at 1.4260, targetting as low as 1.3980/90, while above retracement is to 1.4345/50 then 1.4450/60
Gbp/Usd This pair is looking to base on downtrend today, if keeps the base below 1.6320/30, targetting 1.6170/80, below here would more power the new trend to target our short term buy signals, while above 1.6320/30 that would form retracement later on if kept holding now, might target high at 1.6490/00
Usd/Cad This pair is still on uptrend, retracement is at 0.9530/40, break is to 0.9490/00, below here might target low price level at 0.9400/10 while front support forming at 0.9550, above is to 0.9600/10, break here would more power the trend targetting 0.9660/70 then 0.9700/10
Nzd/Usd This pair is still on uptrend, but with bearish daily candle formed might lead to change of direction, retracement is at 0.8740, break is to 0.8680/90, below would change trend direction by targetting 0.8520/30, while kept above retracement mgiht target 0.8890/00
Euro/chf This pair is still on downtrend, low is at 1.1130/40, below might retest yesterday low at 1.1020/30 but must hold above 1.1000 psycological level, retracement is at 1.1290/00, break is to 1.4490/00 then 1.1610/20
Euro/Gbp This pair is still on downtrend, targetting low at 0.8680/90, retraceemnt at 0.8760, break is to 0.8790 then 0.8810/20 but 0.8860/70 must hold.
Aud/Usd This pair is still on uptrend but might change this view today, retracement is at 1.0970, break is to 1.0910/20, below here would target 1.0800/10, while high is at 1.1070/80
Gbp/Chf This pair is still on downtrend, retracement is at 1.2890/00, break is to 1.3070/80, above is to target 1.3170/80, while 1.790/00 might be forming a low resistance, kept basing below might retest yesterday low at 1.2580 but must filter holding above 1.2500 psycological level.
Euro/Jpy This pair is still on downtrend, low is at 109.00/05, retracement at 110.90, break is to 111.70/80 then 112.40/50 and possibly 113.20/30 & 113.50/60
Gbp/Jpy This pair is still on downtrend, low at 125.40/50, retracement at 126.50/60, break is to 127.00/10 then 127.50/60 and possibly 128.40/50
Gold fell down then came up to open today daily candle & base above today retracement at 1618, to target 1631/32, above would more power uptrend to target 1649/50, while below retracement is to target 1612, below here would target as low as 1590.
Oil is still on downtrend, low is at 93.50/60, retracement is at 95.00, break is to 95.20, above would target 95.50/60, a base above here would chnage trend direction to possibly target 96.10/20
***House Approved the US Debt Ceiling Deal but it seems that traders & investors still not optimistic about this deal to be US solution of a bigger consistent problem, and after this saga ended there would be focus at crucial coming news releases for the dollar currency as the US NFP on friday, after bad numbers for yesterday "US ISM Manufacturing PMI" which came out as compatible with yesterday news release signal for this news, more weakening the dollar & directly effected Usd/Jpy & Usd/Chf pairs with new historic low for the later and a retest near previous historic low for the first.
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 3rd August 2011:
Short Term Signals:
Usd/Chf Buy 0.7510/15 then 0.7460/65 then 0.7300/05, sell 0.7830/35 then 0.7935/40 then 0.8010/15
Usd/Jpy Buy 76.65/70 then 76.40/45 then 75.90/95, sell 77.80/85 then 78.15/20 then 78.50/55
Gbp/Usd Buy 1.6215/20 then 1.6175/80 then 1.6130/35, sell 1.6360 then 1.6385/90 then 1.6445/50
Euro/Usd Buy 1.4115/20 then 1.4080 then 1.4005/10, sell 1.4295/00 then 1.4340/45 then 1.4405/10
Medium Term Daily Strategy:
Usd/Chf This pair is still on downtrend, low resistance is at 0.7670, retracement is at 0.7760/70, break is to 0.7940/50 then 0.8095/00 must hold and change trend direction, while below yesterday historic low is to our short term buy signals for this pair.
Usd/Jpy This pair is still on downtrend, retracement is at 77.35/40, break is to 77.70, a base above here would target 78.60/70, while low is at 78.30/40
Gbp/Usd This pair is still on downtrend after holding yesterday as expected at 1.6320/30, retracement is at 1.6300/05, break is to 1.6330 above here might target 1.6470/80, while continuation of trend is to 1.6190/00 then 1.6130, below would extend weakness and more power the trend.
Euro/Usd This pair is still on downtrend despite going upward due to bad US News Release Data after a big fall to the downside, but then collpased down again closing lower, below retracement at 1.4245/50, break is to 1.4335/40 then 1.4450/60 must hold while continuation of new trend might target as low as 1.3970/80 with some support around 1.4000/10
Usd/Cad This pair is still on uptrend, retracement is at 0.9570/75, break is to 0.9550 then 0.9510/15, below might target 0.9480/90, while high is at 0.9690/00
Nzd/Usd This pair is on downtrend today as expected yesterday with breakouts & bearish daily candle formed, retracement is at 0.8680/90, break is to 0.8780/90, while continuation of new trend is to target 0.8540/50 then 0.8410/20.
Euro/Chf This pair is still on downtrend, low resistance is at 1.0940/50, retracement is at 1.1060/70, break is to 1.1390/00 then 1.1540 must hold(if reached), while I'll not target new historic lows.
Euro/Gbp This pair is still on downtrend, retracement is at 0.8740, break is to 0.8780 then 0.8795/00 must hold while low is at 0.8680 below here would extend weakness possibly to target 0.8650/60 then 0.8610/20 must hold.
Gbp/Chf This pair is still on downtrend, low resistance is at 1.2560/70, retracement is at 1.2660/70, break is to 1.2960/70 but 1.3110/20 would hold (if reached), while I'll not target new historic lows.
Aud/Usd This pair is on downtrend as expected yesterday with successful breakout strategy, today retracement is at 1.0845/50, break is to 1.0900, low resistance is at 1.08000, low support price level is at 1.0540/50 with support at 1.0610/20 on the down way.
Euro/Jpy This pair is still on downtrend, retracement is at 110.20/30 break is to 111.40/50 then 112.00/10, while low is at 108.70/80
Gbp/Jpy This pair is still on downtrend, retracement is at 126.10/20, break is to 126.90/00 then 127.30, while low is at 125.30 below is to 124.10/20
Oil is still on downtrend, retracement at 94.70, break is to 97.00/10, while low resistance is at 93.50, and low support price level is at 92.00/05, below here is to 91.40/50 then must filter around 90
Gold is still on uptrend with new historic high, but must find resistance today at 1662/63, above here would more power the trend but I'll not target any new historic high for today as I see it unexpected, retracement at 1640, break is to 1621/22 then below must hold around 1600.
*** The forex market had been hit hard by the Safe Haven trading by traders & investors seraching for a safe currency which is Chf, and also Gold with Yen too but fears of intervention due to Japanese Finance officials warnings is keeping yen pairs at reasonable price levels with no further collapse as Chf pairs are madly moving with around 1000 pips in few days for Euro/Chf & Gbp/Chf and Usd/Chf around 500 pips that mainly have lower daily price range. Anyway, no logical daily price range movement for Chf pairs recently.
This situation for Chf pairs isn't looking to finish soon, Swiss National Bank is waving with some warnings from time to time to not say more than that..or you know I'll say it, they are like a dog that keeps barking with no action because they can do nothing no weapon as intervention.
We have important news releases for the dollar today and at friday but as always I am not optimistic of the US Growing Economy but maybe.. Usd/Chf & Usd/Jpy are mainly leading other chf and yen pairs direction, powering the yen and chf when dollar weaken, so any spike for both pairs would take the others with it weakening yen and chf currencies to favor the dollar currency that was named as a safe haven currency not a far time backward but now it's named a *** enoguh for today.
I advice traders to bet on buying yen pairs at good low prices because intervention is always a BOJ weapon that was succesfully always used previously, and stay away of chf pairs for now unless Usd/Chf targetted low levels as our short term buy signals. Until the US Economical news releases as ADP & NFP today & friday power the dollar or the US Leaders find a clear solution for their country long problems, instead of Treasury Secretary Timmothy Geithner thinking how he can do his job well, he's now thinking about if now is the right decision to retire or not, well nobody would cry if you retire Geithner becasue there's not a worse person for this job as you and Bernanke for the Fed's Job.
Despite Moody & Fitch rating agencies maintaining the US Rating for now after a debt deal had been reached but it seem that it not enough to power the dollar despite there were talks about possible powering for this currency if rating is maintained but it seem economical news releases would be seen and focused at as crcial in these end days of this week for clear decision, or there would not be other solution but intervention by the Big Countries Central Banks to stabilize the forex market prices as had been done after Japan Earthquake with above 500 pips spiking. On the other hand, Mr. Ben Genius must not talk for a while and keep his QE3 remarks for himself & in his shelf.
We have 3 Crucial News Releases today for the Sterling & Dollar Currencies:
- UK Services PMI: Buy Gbp/Usd if 55 or above while sell if 51 or below
- ADP Non-Farm Employment Change: Buy Usd/chf & Usd/Jpy if 150K or above while Buy Euro/Usd & Gbp/Usd if 70K or below
- US ISM PMI: Buy Usd/Chf & Usd/Jpy if 55 or above while Buy Euro/Usd & Gbp/Usd if 51 or below
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 4th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7575/80 then 0.7515/20, sell 0.7820/25 then 0.7875/80 then 0.7970/75
Usd/Jpy Well, after Intervention there would not be sell signals for today but only buy signals that might or not be targetted, Buy 78.00 then 77.70 then 77.45/50
Gbp/Usd Buy 1.6265/70 then 1.6185/90 then 1.6125/30, sell 1.6510/15 then 1.6550/55
Euro/Usd Buy 1.4145/50 then 1.4065/70 then 1.3990/95, sell 1.4420/25 then 1.4470/75
Medium Term Daily Analysis:
Usd/Chf It seem that the SNB was well reading my post yesterday and had cut rates to weaken the Swissie which led to a big spike in all chf pairs as Gbp/Chf & Euro/Chf around 300 pips while 100 for Usd/Chf and others..
This pair is trying to break upward to base on uptrend, if bases above 0.7780 targetting 0.7900/10 then 0.8060/70, while low is at 0.7650/60
Usd/Jpy I provided traders yesterday with a clear helpful advice to keep buying yen pairs at low levels, Hopefully all or some traders took the advice seriously and bought this and other yen pairs to wake up today at intervention with big money gains.
This pair certainly based on uptrend, above retracement at 77.70/80, targetted 78.60 then might target as high as 80.50/60 but must hold at 80.90/00 while do not seem to have lower price than retracement at least for today.
Euro/Usd This pair is still on downtrend despite again retracing upward but collapsing down again from expected price level at around 1.4340 that was a successful breakout stratgey for yesterday, would find support at 1.4250 today, break would extend weakness to 1.4140/50, break here would target our short term buy signals for this pair, while on the upside might retest 1.4360/70 if bases aagin above 1.4280 then 1.4340, above said retest is to our short term sell signals.
Gbp/Usd This pair is moving sideways waiting for Crucial news release that I'll talk about later on(at the end), below 1.6350/60 would fast collapse targetting our short term buy signals, while high is at 1.6540/50 despite that I do not see sterling can power to reach there but everything is possible espeiclaly with crucial news releases.
Usd/Cad This pair still on uptrend, targetting high at 0.9700/10, retracement is at 0.9600/10, break is to 0.9540/50
Nzd/Usd This pair still on downtrend, targetting 0.8430 then 0.8310/20, retracement is at 0.8670/80
Euro/Gbp This pair is still on downtrend, but low is highering to 0.8700 below would extend weakness, retracement is at 0.8740, break is to 0.8770/80, a base above here would target 0.8850/60
Gbp/Chf This pair is looking to break to the upside if bases above 1.2710 targetting 1.2920/30 then 1.3080/90, while low is at 1.2570/80
Aud/Usd This pair is still on downtrend, targetting 1.0610/20 then possibly 1.0530/40, retracement is at 1.0790/00, break is to 1.0880/90
Euro/Chf This pair is looking to break to the upside today, if bases above 1.1120 targetting 1.1340/50, break is to 1.1490/00, while low is at 1.0950/60
Euro/Jpy This pair is certainly on uptrend after intervention, based above retracement at 111.50 and front support at 112.00/10 targetting 114.30/40 then possibly high at 116.00/10
Gbp/Jpy This pair with same scenario, based above retracement at 127.00 and front support at 127.30/40 possibly targetting high at 131.50/60
Gold is still on uptrend, hit another new historic high but I'll not target new highs for today other than 1669/70, retracement is at 1650, break is to 1629/30 then if possibly broke below would target 1605/06
Oil is still on downtrend, targetting 90.40/50 then 89.70/80 then 88.20/30, low resistance might be forming at 92.00/10 if price kept falling down, retracement is at 93.30/40, break above would hold at 96.00/10
We have 3 Crucial News Releases today for the Sterling & Euro Currencies:
- UK BOE Rate Decision: Buy Gbp/Usd if 0.75% while sell if 0.25%, if kept the same at 0.50% would focus at MPC Statement.
- ECB Rate Decision & Press Conference: Interest rate is expected to stay at 1.5%, ofcourse if increased to 1.75% then you buy Euro/Usd while if decreased to 1.25% then you sell this pair, but Trichet talks would have more influence to decide Euro Currency Strength or weakness
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 5th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7545/50 then 0.7510/15 then 0.7395/00, sell 0.7785/90 then 0.7860/65 then 0.7920/25
Usd/Jpy Buy 76.50/55 then 75.40/45, sell 80.95/00 then 81.95/00 then 83.70/75
Gbp/Usd Buy 1.6160/65 then 1.6115/20 then 1.5990/95, sell 1.6425/30 then 1.6505/10 then 1.6575/80
Euro/Usd Buy 1.3955/60 then 1.3900 then 1.3710/15, sell 1.4345/50 then 1.4465/70 then 1.4560/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend after a false breakout & unability to base on uptrend, retracement is at 0.7710/20, break is to 0.7840/50, above here would target 0.8020/30, while low is at 0.7570/80. below is to our short term buy signals
Usd/Jpy This pair is still on uptrend from yesterday intervention, targetting a retest of 80.20/30, break is to 80.90/00, while retracement is at 78.30/40 break is to 77.80
Euro/Usd This pair is still on downtrend, targetting 1.3940/50 low price level, below would extend weakness fast to target our short term buy signals, retracement is at 1.4170/80, break is to 1.4230/40 then 1.4290/00
Gbp/Usd This pair is on downtrend, targetting our short term buy signals(if broke 1.6220 would go there fast), retracement is at 1.6295/00, break is to 1.6330/40
Usd/Cad This pair is still on uptrend, The Looney or Canadian dollar currency effected by Oil weakness, retracement is at 0.9700/10, break is to 0.9660/70, while powerful uptrend contiuation is to 0.9910/15 then 0.9955/60 but must mainly filter below 1.0000
Nzd/Usd This pair is still on downtrend, targetting 0.8190/00, break would target 0.8070/80, retracement is at 0.8470/80, break is to 0.8530/40 then 0.8620/30 would hold(if reached)
Euro/Chf This pair failed to breakout and kept on downtrend, retracement is at 1.0920/30, break is to 1.1200/10, above would target 1.1420/30, while would not target new historic lows.
Euro/Gbp This pair is still on downtrend that is more powerful now by basing below low resistance at 0.8670/80, targetting 0.8620/25 then 0.8595/00 then 0.8530/40, retracement is at 0.8695/00, break is to 0.8745/50 then 0.8770/80
Gbp/Chf This pair failed to base on uptrend, would not target more new historic lows, retracement is at 1.2560/70 break is to 1.2800/10 then 1.3010/20
Aud/Usd This pair is still on downtrend, below 1.0420 would extend weakness fast to target 1.0300/10 then 1.0240 then possibly 1.0020/30, retracement is at 1.0610/20, break is to 1.0760/70
Euro/Jpy This pair is still on uptrend from yesterday intervention, targetting 113.50/60, above here is to 116.00/10(if reached but anything is possible), while low price level is at 109.70/80(buy order if reached).
Gbp/Jpy This pair is still on uptrend after yesterday intervention, above 128.90/00 would more power the trend to target 130.80/90 and then possibly 131.50/60, retracement is at 127.70/80, break is to 127.30/30 then above 127.00/10
Gold is still on uptrend but might change this view if bases below retracement at 1645 targetting 1632/33, below would target 1609/10
Oil is still on downtrend that is more powerful now wioth low resistance at 88.50, retracement is at 89.70, break above 90 is to 94.10/20, while more collpase is to low support levels at 83.20/30 then 81.70/80 then as low as 77.50/60
***There is a big War not battle bt. Big Central Banks and some trader, investors..people who still searching for a safe currency with consistent worries of EuroZone & US Debt Problems, so heading to buying Swissie, yen & Gold, especially the latter now after fears of another intervention on yen pairs, besides an intervention by Swiss National Bank and others on Chf pairs would put this currency on fears to keep buying as fears with yen currency now, so people who are afraid of a disaster or weakening of basic currencies are heading to basically buy Gold which isn't Money as Mr. Ben Genius Said in a previous Testify, but it's still "something" that can be exchanged for money or kepy for safe when needed Mr. Ben Genius.
What is obvious & clear now is that the dollar currency is trying to return its basic situation as the world's safe haven currency(that was at past), powering against all currencies except the Swissie for now but further intervention might let people who are buying the Swissie understand once and for all to stop that habit and rely on the dollar again.
Ofcourse, all that also depends on Mr. Bernanke & his Fed Buddies coming talks as today's Crucial News Release the NFP, if he wants to return to same boring talks of quantitative easing with QE3 then better for all of us to find ourselves a new job...LOL till this Mad Genius & his buddies are isolated once and foreever from their jobs...besides you can make the first step Timmothy Geithner by retiring from your treasury secretary job as you said you'll do when the Debt deal is reached so what's going on dude..still here..lol
We have 2 Very Important News Releases for today for the Canadian Dollar & the Dollar Currency:
- CAD Employment Change: Buy Usd/Cad if below 0K while Sell if 40K or above
- NFP: Buy Usd/Chf & Usd/Jpy if above 120K while Buy Euro/Usd & Gbp/Usd if below 30K
UnEmployment Rate would also have big impact on this news release that is expected to stay at 9.2% but if more than this number comes out as actual then weakness would be for dollar currency, ofcourse if also the NFP number comes weak, while if Rate comes out as below 9.2% then the dollar must power fast.
Today is Very Important for coming days overall market direction, would NFP keep the dollar powering or would it as mostly weaken the dollar as with last NFP dragging down the Usd/Chf pair from 0.8300 to current low price levels and mixing the whole global economy by more powering the CHf & Gold then possibly the Yen, for us to face more fight of power bt. the Big Central Banks decision that the Swissie & Yen pairs are very overvalued and their economy is loosing moneyin this situation so intervention would be the only always answer till traders, investors & people undertsandt hat clearly once & forever..
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 9th August 2011:
Short Term Signals:
Usd/Chf Buy 0.7440/45 then 0.7390/95 then 0.7300/05, sell 0.7670/75 then 0.7730/35 then 0.7805/10
Euro/Usd Buy 1.4015/20 then 1.3945/50, sell 1.4420/25 then 1.4540/45
Usd/Jpy Buy 77.15/20 then 76.90/95 then 76.35/40, sell 78.50/55 then 78.85/90 then 79.25/30
Gbp/Usd Buy 1.6225/30 then 1.6180/85 then 1.6070/75, sell 1.6465/70 then 1.6540/45
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, low is at 0.7460/70, break would target our short term buy signals, retracement is at 0.7600/10, break is to 0.7740/50 then above here would target 0.7940/50
Euro/Usd This pair is moving sideways but with downtrend basis, below retracement at 1.4200/10 targetting 1.4020/30, below would extend weakness, while above retracement is to 1.4350/60 good resistance then if broken to 1.4340/50
Gbp/Usd This pair is moving sideways but with downtrend basis, retracement is at 1.6340/50, break might target 1.6470/80 but would filter below 1.6500(around 1.6495/00), while on the downside would target 1.6260/70 then break is to 1.6170/80, break would extend weakness..
Usd/Jpy This pair is moving sideways after intervention had lost most of gains, today moving bt. 77.50/60 break is to 76.60/70 low price level, and 77.90/00 break is to 78.20, above would extend gains to our short term sell signals.
Usd/Cad This pair is still on uptrend, high support is at 0.9900, retracement at 0.9830/40, break would hold at 0.9680/90, while high price levels are around 1.0000 then 1.0015/20 and 1.0050/60
Nzd/Usd This pair is still on downtrend, low resistance is forming at 0.8200 if price kept collapsing downward to target 0.8100 then 0.8050 and possibly 0.7900 if broke below 0.8000, retracement at 0.8320/30 break is to 0.8540/50
Euro/Chf This pair is still on downtrend, low price level at 1.0600/10 below would extend weakness, retracement at 1.0810/20 break is to 1.1040/50 then above here might target 1.1330/40
Euro/Gbp This pair is still on downtrend, low price level is at 0.8660/70 below would extend weakness, retracement is at 0.8695/00, break is to 0.8720/30 then 0.8760/70
Gbp/Chf This pair is still on downtrend, low price level at 1.2230/40, below would extend weakness, retracement is at 1.2420/30 break is to 1.2650/60, above here might target 1.2920/30
Aud/Usd This pair is still on powerful downtrend, low resistance at 1.0240/50, retracement at 1.0350/60, above here might target 1.0620/30(if possible), while more low price levels are at 1.0050/60 then 1.0000
Gbp/Jpy This pair is moving sideways after intervention but on downtrend basis now, below retracement at 126.90/00 targetting low at 125.70/80, while above retracement is to 127.20/30 then as high as 128.70/80
Euro/Jpy This pair is with same scenario, below retracement at 110.60/70 targetting low at 109.40/50 while above retracement is to 111.40/50, above might target 112.60/70
Gold is still on uptrend, high support at 1705, retracement at 1692/93, break is to 1654/55, while more historic highs can be at 1537/38 then 1745/46 and possibly 1770/71
Oil is still on powerful downtrend, low resistance at 82.90/00, retracement at 84.30/40, break is to 90.50/60, while more lows are at 78.00/10 then 76.80/90 and possibly 73.50/60
We have Very Important News Releases for the Sterling, Canadian Dollar & Dollar Currencies:
- UK Manufacturing Production: Buy Gbp/Usd if 1.5% or above while sell if below 0%
- CAD Housing Starts: Buy Usd/Cad if 180K or below while sell if 210K or above
- US FOMC Statement & Federal Funds Rate: Buy Usd/Chf & Usd/Jpy if rate is increased(surprisly) while Buy Euro/Usd & Gbp/Usd if rate is decreased.
Main focus would be at FOMC Statement if would hint at QE3 or keep optimism about somehow good NFP numbers & UnEmployment rate %(last friday news release)...
Lets see what Fed Chairman Ben Bernanke & his buddies are hiding for us from a gift surprise which is usually a bad one..I do not remember a near date that a FOMC Statement had powerded the Dollar Currecny, always upset to more upset statements...but lets wait and see..
***Bernanke & his dudes well know what they say would mainly decide the dollar power or weaknes and the market overall movement which lead to a more power Yen and Chf also Gold when the Dollar is weak, so I can't understand why do they have to fight and offend Standard & Poor's rating downgrade(to double A from triple A), and why should they force Swiss National Bank & Bank of Japan with consistent actions as interventions and more interest rates cuts, while the FED does nothing and the magic stick is in the Fed's hands.
Simply, as being optimistic about coming economical data, hinting QE3 is not a possible option and far wawy from consideration, giving some dates of possible rate hike, saying that Current market movements are hurting the golbal econiomy and that they are ready for action if prices kept in current state or drove more down, instead of talking of possible QE3 that they well know that would more damage the dollar.
Fed must act to prevent more collapsing of global economy but if they instead decide to madly act as had been with QE2 then we do not want any new QE(QE3), simply Go Home Guys..you are not in right place nor time for this crucial market crisis situation...Enough said for now
Have A Great Trading Day
Hello Traders,
Forex Signals & Daily Analysis for 10th August 2011:
Short Term Signals:
Usd/Chf Buy 0.6900/05 then 0.6760/65, sell 0.7615/20 then 0.7810/15
Usd/Jpy Buy 76.30/35 then 76.00/05, sell 77.85/90 then 78.30/35 then 78.80/85
Gbp/Usd Buy 1.6140/45 then 1.6065/70, sell 1.6465/70 then 1.6535/40
Euro/Usd Buy 1.4170/75 then 1.4075/80 then 1.4000/05, sell 1.4475/80 then 1.4525/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, low resistance at 0.7260/70, break is to retracement at 0.7390/00, above would target 0.7630/40, while more new historic lows is our short term buy signals.
Usd/Jpy This pair is still on downtrend, retracement at 77.40/50, break is to 78.00/10, above here would target 79.50/60, while low is at 76.40/50
Gbp/Usd This pair is still moving sideways with downtrend basis, retracement at 1.6320, break is to 1.6340/50, above here would target 1.6400/10 then to our short term sell signals, while support is at 1.6280 break is to 1.6190/00
Euro/Usd This pair is still moving sideways on uptrend today, above retracement at 1.4300/10, break is to 1.4270/80, below is to our short term buy signals, while on the upside is to our sort term sell signals if broke above 1.4420/30
Usd/Cad This pair is still on uptrend, despite huge fall(effected with Oil upward retracement and Fed Madness) after hitting our yesterday first target at 1.0000, retracement is at 0.9700, break is to 0.9600/10, high is at 0.9890/00, break might retest 1.0000
Nzd/Usd This pair is still on downtrend, trying to break to the upside by basing above retracement at 0.8360/70 targetting 0.8540/50, while below is to target 0.8240/50 then possibly as low as 0.8100/10
Euro/Chf This pair is still on downtrend, low resistance might be forming at 1.0390/00, break is to retracement at 1.0570/80, above is to 1.0890/00(if possible), while on the downside might retest 1.0060/70, but must filter above 1.0000
Euro/Gbp This pair is moving sideways but on uptrend basis today, retracement at 0.8760/70, break is to 0.8730/40 then to as low as 0.8670/80(if possible), while on the upside 0.8820/30 would form resistance above is to hold at 0.8860/70
Gbp/Chf This pair is still on downtrend, low resistance at 1.1890/00, break is to retracement at 1.2060/70, above here is to 1.2460/70(if reachable), while would not target new historic lows.
Aud/Usd This pair is still on downtrend, trying to break to the upside by basing above 1.0380 targetting 1.0630/40 then would hold at 1.0710/20, while low is at 1.0240/50, below would extend weakness
Gbp/Jpy This pair is still on downtrend, retracement at 126.30/40, break is to 126.60/70 then 127.00/10and possibly 127.80/90 while low is at 125.30/40
Euro/Jpy This pair on uptrend, above retracement at 110.30/40, targetting 111.10/20, above would extend gains, while below retracement is to 110.00/10, below might target 109.30/40
Gold is still on uptrend, high support at 1730, retracement at 1718/19, break is to 1669/70, while more hsitoric highs can be at 1787/88 then 1809/10 then 1839/40
Oil is still on downtrend, retracement at 83.30/40, break is to 89.20, while low is at 81.20/30, below is to 75.70/75 then 72.80/85 then possibly 70.00
***It seems that Mr. Ben Genius & his buddies got Crazy Mad.. to the maximum extent by not only announcing "extended period" but also setting a date for kept low interest rate till mid-2013 with foolish words as exceptionally & at least.
Are you joking me Fed Chairman?!! Till 2013?! Do you guarantee yourself or your president at your current posts or jobs till that date?! Ofcourse not. Is that weak the US Economy to follow such procedure?! Maybe, but not to this extent measurement.
But is this the only option that the Fed can act accordingly?! I say No, but simply you have no decision, you do not know what to do, at least the BOJ or even the SNB can intervene to stop this crazy market movements which is leading to powering their currencies and weakening their economies, while what you do FED but damage the whole global economy with your consistent bad steps from worse to more worse.
What did your QE2 do but higher prices in different categories starting with food... And, I would not be surprise after this FOMC Statement for you to announce QE3 in next meeting.
The somehow joke about seeing Usd/Chf at 0.80 then 0.75 then 0.70 is now becoming more reality and 0.50 might not be too far anymore.
Besides, I believe the buying of Chf Currency is somehow becoming a habit more than actual traders who know what they are doing especially that there are many outsiders in the forex & other markets in recent years who do not really know how to trade or really what's forex or stocks or futures but only riding the momentum that says everybody is selling this or that chf pair so lets join the game and gain quick money which is effecting the markets on the long run with no logical fundamental or technical movements for certain pairs.
Anyway, I believe that the only answer for this is Intervention which is succeeding greatly with yen pairs that are stopping at certain low price levels without further declines due to huge fear of Intervention. That fear must start to appear in Chf pairs if same procedure of consistent intervention occurs to at least put low price levels limits for Chf pairs crazy collapse movements.
Have A Great Trading Day