IvanLabrie
Long

USDCHF: Massive downtrend failure screams long

1/S61!  
1/S61!  
The previous analysis on this pair failed and led to a massive paradigm shift in the markets, which struck me with clarity.
I'll look for long positions in this pair on any chance that I get. The quarterly chart has an uptrend signal that will confirm by year end's close, as long as it's above 0.9324.
There's resistance above, let's see how price reacts to it.
I'll update with my entry once I'm in with sufficient reasons.

If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.

Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Comment:
snapshot


The last time so many time at mode signals aligned, I shorted EURGPB right before the meltdown that drove all eur pairs down for a very long time...Before the ECB started their QE program, and the SNB caused the famous meltdown that sent many brokers and traders home, with their pockets empty.
Comment:
snapshot


1 more day left in the local daily swing.
Comment: Resistance is holding, let's see how it goes. We didn't get a chance to go long safely yet.
Comment: We hit resistance on chart, local daily uptrend time ran out:

snapshot


Monitoring closely this week.
I've seen USDCHF used as an indicator for the metals complex, Gold in particular. A breakout for USDCHF would be bearish for Gold. http://blog.kimblechartingsolutions.com/2011/09/swiss-franc-is-suggesting-gold-will-be-flat-to-down-for-years-to-come-different-this-time/
Reply
IvanLabrie PRO 5thdisciple
This was because of their gold reserves, but they have sold most of them I believe.
I posted a relative strength chart.
Correlations change, based on fundamentals. Don't worry about that.
Check these ones out:
http://www.armstrongeconomics.com/market-watch
http://www.ashraflaidi.com/forex-news/the-china-conundrum
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out