Trading analysis - Currency pairs on the move

Francis Hunt looks at some currency pairs. He predicts the Swiss Franc looks ready to continue strengthening against the euro while the Aussie dollar could reach all-time highs versus the US dollar over the next 18 months.

Category:

News & Politics

Tags:

• dollar
• aussie
• franc
• money
• currency
• forex
• trading
• shares
• stocks
• investing
• charts
• cantos
• markets
• market sniper

[knoxxa]

aussi closing @ 88,4 on friday, my lower channelline is on 88, the next tl on 86 where is my fibo line also - for me 86 is a very important level to watch

[TheMarketSniper]

@Schweizer135

Schweizer - you maybe correct, the Euro is currently very weak and the USD maybe bolstered by a run on Southern Med states debt.

I will await confirmation of this and consider this to be a take out of the 0.8733 low. I am anticipating that we may bottom before this though in my view - But the charts will guide me and if 0.8733 falls I will be coming your way ; - )

[TheMarketSniper]

@knoxxa

Interesting Comment, I had in fact wondered if the current US strength was not end of year unwinds on certain hedge funds, that were in that trade.

Good luck with your trading

[TheMarketSniper]

@UpTick21 Thank you for your comment, I have sensed a slowing in the momentum downside. Current price action for today is a Hammer if further downside stalls as shown today.

[UpTick21]

Jolly good vid . . . good bit about the Aussie Dollar.

Cheers

[knoxxa]

in my opinion the aussi is the mother of all carry trades, if the dollar really bulls this thing comes in

[Schweizer135]

USD is just beginning a primary wave 3 up. Just sayin'.