USDCHF broke above 1.0475 resistance, suggesting that a cycle bottom had been formed at 1.0347 level on 4-hour chart. Further rally is still possible...
USDCHF broke above 1.0475 resistance
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North Korea also in the news again
News that North Korea are threatening to enrich more uranium for use in nuclear weapons is adding to the geo-political risk aversion play. In days gone by, the USD and CHF were always the big winners when any political tensions came to the fore. If we return to those days, as the small moves this...
Will or will not ECB raise rate?
Will or will not ECB raise rate? The answer is not as importnat as it seems… What a trader would like to know, is NOT if the ECB gang will or will not raise rate… What a trader would like to know is: which wines will they drinking during the meeting, following PAR ideas and...
Microsoft vs. Apple: 2012 and Beyond
Microsoft vs. Apple: 2012 and Beyond by Dr. Mark Skousen, Investment U Contributing Editor Friday, December 30, 2011: Issue #1676 “There is...
Distribution of USD/JPY daily high and low during a day
I continue analyzing the timing of daily high and low for the popular foreign exchanges rates, one exchange rate at a time. Some of the motivations for such type of analysis have been outlined in the first post on the topic. ...
GBPUSD pulled back from 1.5318
Being contained by 1.5382 previous high resistance, GBPUSD pulled back from 1.5318 and traded in a narrow range between 1.5128 and 1.5318. Support...