Thursday, March 25, 2010

"Safer" currency? (2010-03-25 CHFUSD analysis)

Following the credit downgrade of Portugal bond, EUR has had a great drop, and GBP followed. JPY fell too. The currency markets looked so volatile with unpredictable movements. While deciding whether or not to speculate/invest in one of the risky currencies, I here add one "safer" currency to your choice list.

The Swiss Franc has been rising, most probably due to the plunge of EUR. Technically, we can see that the trend is really obvious --- rocket!



Conservatively, the price would be up to the 38.2%-fibonacci line 1.0821. However, I predict that the price could go up to 1.1045, in around 2 weeks. Rather than taking risk in speculating those with unclear directions, why not such obviously-trended Franc?

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