Current CHF Trading Plans

[Mark Mc Donnell]

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
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[Bastian Rubben]

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