Author Topic: First National Innovation Brokers USDCHF Forecast April 08 (Read 1454 times)

gregscript · « **on:** April 09, 2013, 10:05:27 AM »

The USDCHF failed to continue its bullish momentum last week bottomed at 0.9311. This fact interrupts the bullish outlook and turn my overall technical bias to a neutral zone. The bias is bearish in nearest term testing 0.9300 – 0.9250. Immediate resistance is seen around 0.9350. A clear break above that area could lead price to neutral zone in nearest term testing 0.9400/50. I will stand aside for now.

boitecom · « **Reply #1 on:** April 12, 2013, 10:20:01 AM »

Quote from: "gregscript"

The USDCHF failed to continue its bullish momentum last week bottomed at 0.9311. This fact interrupts the bullish outlook and turn my overall technical bias to a neutral zone. The bias is bearish in nearest term testing 0.9300 – 0.9250. Immediate resistance is seen around 0.9350. A clear break above that area could lead price to neutral zone in nearest term testing 0.9400/50. I will stand aside for now.

HI gregscript

,
Very good analysis I also agree with you, you are a professional and your analysis is still awaiting their goal :lol:

benjelloun · « **Reply #2 on:** April 12, 2013, 10:57:31 AM »

Hello guys The ratio of long to short positions in the USDCHF is 4.96 to 83% of traders are long. Yesterday, the ratio was 4.74, with 83% of open positions were long. Long positions are 2.6% higher than yesterday and 105.7% above levels seen last week. Short positions are 1.9% lower than yesterday and 25.1% below levels seen last week.

demo · « **Reply #3 on:** April 12, 2013, 11:10:58 AM »

Yes yes yes benjelloun

Open interest is 1.8% higher than yesterday and 71.1% above its monthly average. We use our SSI as a contrarian indicator price action, and the fact that the majority of traders are long signal that gives the USDCHF may continue lower.