if you look at the big picture most likely alternative is that the increase chf
My justification:
stocks drawing a double top.
rising yen
USD bullish
aud down
marking a clear top nzd
cad changing to bearish
is very similar to previous scenario down the beginning of August, 2011...
chfjpy looks very interesting today
in this moment quote: 87.17
yesterday after bad europe news made new-low 86.13
long position is interesting bcoz yen made a rally and mark new high is probably reverse jpy trend daily tf.
110 pips stoploss and tp 97-104 target range 1000-1700 pips...
BY NEIL SHAH
Hedge funds are considering ways to mount a counterattack against the Swiss National Bank, whose attempt to wrest control of the surging franc caught investors off-guard.
The Swiss franc has dropped about 10% against the euro since the SNB introduced a ceiling on Tuesday to...
to uexkuell: u right about swiss situation , bubble,etc
but markets are insanes ,irrationals,etc need some security . JPY is not more the best currency to but then buy chf.
just see gold rally and down movement of stocks
i made 100 pips today against chf too
but be careful chf won +350 pips from de bottom
i think we have the low value of chf ,the trend reverse again to chf strong
another crazy day
chf new lows.
vs
-18.9 eurchf
-18.04 gbpchf
-16.6 usdchf
-18.49 cadchf
-14.1 chfjpy
-21.51 nzdchf
-22.63 audchf
18.61 average
probably this is the top.
:D