Posts Tagged usdchf
I just went long on the USDCHF pair... if you click on the picture above, you can see it more clearly. The price has now hit a support line which was a strong base at the beginning of the year. The price had hit this year on a couple of occasions and it's worth a punt!
The negative aspects of the trade is that the price is looking a tad weak and we have gone long as the market is trending lower so we are indeed trading this as a countertrend play.
However, the risk is low.. 30 pips w
September 23, 2013
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I know some really lucky traders who were long of the Swiss forex pairs. Although you wouldn't have been able to seen this coming the Swiss National Bank (SNB) sold a huge chunk of Swiss Franc which sent the Swiss pairs rocketing.
The USDCHF went 800 points and both EURCHF and GBPCHF rocketted 1000 points! This amounted to an almost 9% depreciation in the currency.
If you were lucky and were long of this currency before the SNB intervened, you would be sitting on a small fortune!
&n
September 6, 2011
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I went long the USDCHF at 1.1370 thinking it would bounce up from it's current consolidation zone. I had a stop at 1.1335 but the market didn't feel right so I closed early for a 20 pip loss.
April 6, 2009
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