Can the SNB save the USD ?
By tonysan || October 22, 2009 at 13:47 GMT
|| 13 comments || Add comment
The commodity specs have taken control of the fate of the USD as our wonderful government just looks on and waits…for what? The USD collapse hinges on the SNB as EUR/CHF breaks 1.51 – I can’t believe we are relying on the Swiss for anything more than good chocolate, watches, safety, and neutrality…?

AUTOREFRESH 
















Cuckoo clocks
Secret bank accounts
I was under the impression that it was the nearest and dearest trading partners’ currencies that they were most concerned about. Is that right?
I’m looking at a Swissy chart at what looks like close support around 1.0011 which is last summer’s spike low. Having spent quite a bit of the summer trying to single handedly buy up the Swissy, I gave up in the end out of sheer fraustration. I like to think it has great potential at these levels but recently, when it was at 1.0240, I had a strong compulsion to see it DIVE.
I’ve taken a punt here at 1.0056 SL 1.0026
Come on the SNB!!! Hi Blackday, good luck
Not a chance … out here 58 *sigh*
Save the SNB stepping in to flog CHF, the technical’s are indicating divergence on the daily chart.
Swissy daily:- http://www.pict.com/view/1840771/0/usdchfdailydiv
Is it time to move into a long?
At daily chart stochastic is under 20; momentum is oversold…have no idea if it is long (the other charts are mixed to my view)
That’s interesting, ALI. I have Stoch’s (14,3,3) at 90.0 having already topped out at 100
I’ve added Stochastics to the chart so my guess here is that we use different settings:- http://www.pict.com/view/1840811/0/eurusdincstochs
Should be
I was looking at USD/CHF…Funny I should b e drinking more coffee…
I’m the one that need more coffee, ALI. I clicked on the comment and assumed it was a reply to my last, EURUSD, without looking at the topic title!