It retrace. My sign says LONG RUN..looking in 1.10 first.
What's ur opinion.
USD/CHF won't be a carry trade if the Fed cuts rates under 3.5, thus the pair will approach parity.Originally Posted by ;
Should they cut to 3 this season, forget about it.
I pay attention on chf/jpy for 3 months.
In this long time.
Chf/jpy is always between 95--100.
So I believe we should buy chf/jpy. I visit 100
H4
The pair includes a strongly pronounced negative tendency. It should loe the support on touching the black dotted trend line, then it should forward to resistance at 1.1105. Only breaking of the resistance will confirm that the pair's departing the range and moving towards target 1.1270.
http://forexmillion.com/images/GRAPH...sdchf h4.gif
D1
http://forexmillion.com/images/GRAPH...sdchf d1.gif
Agree with fxmillions first chart. Long here with stops under the figure here, profit take @ 1.1100 for tomorrow
#1053;4
The breaking ofâ€R†trend line (1.1090) will open the road of growth into the target 1.1270.
http://forexmillion.com/images/GRAPH...sdchf h4.gif
daily
http://forexmillion.com/images/GRAPH...hf daily.gif
This particular pair is intriguing, this particular post with intention of restoring this thread.
Look how exactly is doing now, swissy overvaluation is out of control. Will we reach parity even when swiss indexes are dropping?
How about a fundamental, long term perspective:
Interest rate futures have priced in a fed 75 bsp cut on March 18. If they follow through, the CHF will yield a greater return (2.75percent )than the USD (2.25%)!
Additionally , the CHF will likely continue to strengthen, due to its reputation as a safe haven currency. If the US enters a serious economic recession, and/or the effects of this recession is felt across the world.
A safe harbor currency with greater yields, who might want more!
In my view, the question isn't if we will break parity, but when.
scex