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Current CHF Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Jun 6, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

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    CHF/JPY – strong uptrend maintain buy alarm at 96.40


    USD/CHF – strong downtrend set sell alarm at 0.8325, no support below here.


    EUR/CHF – strong downtrend but smaller timeframes are choppy, check this pair if the other CHF alarms hit

    GBP/CHF – strong downtrend with no support set sell alarm at 1.3640

    When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for CHF strength or cross currency weakness or both.


    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 25 Currency Pairs
    30 day free trial

    Please share on Facebook or Tweet these free forex trading plans forex friends using the sharing buttons at the top of the plans on Forexpeacearmy.
     

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  2. Bastian Rubben

    Bastian Rubben SunbirdFx Representative

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    The Swiss might correct from this level

    Stochastic, which is my favorite indicator for determining a trend's strength, indicates for oversold. It has been like that for several months, but the more the CHF slides down, the more the chances for a correction to occur.

    In the long run, the trend is obviously bearish, but we might see a short-squeeze in the next few days.

    If you analyze the EUR/CHF daily, you see that trend is moving in a channel. The CHF touched the lower boundary of that channel so it might heading to the upper boundary.

    Good Luck everybody!

    Bastian Rubben
    Chief Analyst, Sunbird
     

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