Usd/chf

ForexPro · Feb 24, 2006

Took profit yesterday at 1.3036

Short 1.3163 sl 1.32 tp 1.3070

Kastro_316 · Feb 24, 2006

Short at 1.3170

Kastro_316 · Feb 26, 2006

What does everyone think about this pair right now? I am short, anyone else?

Take care,
-Kastro

ForexPro · Feb 27, 2006

Looks very overbought to me. But i think it is rather a reflection of CHF weakness as opposed to dollar strength. The CHF could emerge as the new carry-trade currency.

andrey_tech · Feb 27, 2006

Exactly, yen borrowers switch their currency into CHF all the last 3 trading days. However in this scenario, we must see interest rates increase on yen. Then unwind yen carry trade must fasten.
1998 yen carry trade unwind experience were unpleasant. It was %20 increase in just 2~3 months. And people who borrow too much yen forgot this lesson. Let's see what happen.

Quote from YeahIknow:

Looks very overbought to me. But i think it is rather a reflection of CHF weakness as opposed to dollar strength. The CHF could emerge as the new carry-trade currency.

Kastro_316 · Feb 28, 2006

Closed my USD/CHF short.
Short at 1.3223
Took profit at 1.3114

Lucrum · Mar 1, 2006

Quote from kalzayani:

Might Look Like this this week
but then again what do i know..

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=996249>

ForexPro · Mar 1, 2006

Incredible bounce today. Wont short this until 1.3220 now.

ForexPro · Mar 10, 2006

Not convinced by this rally, I think a lot of good news was priced in prior to payrolls. Will short on a 1.3134 break today, if it gets there.

Ivanovich · Mar 10, 2006

WTF is up with EUR/CHF??

These model funds are insane with their drive for the extreme.