Predict for PRICE BREAKOUT. Buy above : 1.00754 Sell below : 1.00480
Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.
Anticipate for PRICE BREAKOUT. Buy above : 1.62029 Sell below : 1.61140
As you can see there is a declining overall trend but it's bouncing between the support and resistance lines. Here is a good idea to trade off the bounce. Overall, I see more likely a break above the resistance as SNB makes efforts to devalue the Swissie
Plus positive overnight swap means you benefit from being patient. Take care of volatility though leading up to end of year and Fed raising rates.
Macd rolls over as price approaches mid range support. A drop below this opens up the price to stronger support. A drop below this and we are looking at a mid .60 handle. MACD is one of the most reliable indicators that is extra strong when used in the context of other indicators.
It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.
Following on from my previous trade of the day, I would add to the existing sell position at the current levels as long as the break below the immediate support is maintained.
The way I see it, is that equity markets, specifically the Nasdaq, are steaming up the hill, though momentum is declining fast. In fact, the momentum indicator plus Commodity Channel Index show clear divergence. I predict that it will hit the all time high, perhaps even go a little beyond that, but as the net flow of funds are moved from equities to interest...
USD/CHF will bounce off declining support lines. I'll be happy to wager my next pay cheque on this one. Buy as the price declines further. Ideal area to purchase would be about 0.98386.
This is the first of my daily calls. I have a good track record so I think I can start to offer these. One trade every day. They will be simple. They will be profitable. Feedback appreciated.