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May 19, 2013 -- Updated November 11, 2012 23:59 HKT

Hot Charts: USD/CHF


shayne@heffcap.com
Posted on: Nov 11th, 2012

USD CHF Live Trading News Macro Charts Gain Access to the Latest Charting and News Technology, trade better faster, Runs on Your Desktop and your iPad , a Must for all Serious traders, info@livetradingnews.com

Forex Trade Idea: USD/CHF

USD/CHF – 0.9484

Trend : Near term up

Tenkan-Sen level :0.9474
Kijun-Sen level :0.9464
Ichimoku cloud top :0.9462
Ichimoku cloud bottom :0.9431

New strategy: Sell at 0.9530, Target: 0.9405, Stop: 0.9565

Although the USD has risen again after finding renewed buying interest at 0.9430 and near term upside risk remains for recent rise from 0.9216 low to extend gain towards 0.9520-30, loss of momentum would prevent sharp move beyond there, bring retreat later, below the Ichimoku cloud top now at 0.9462 would bring test of 0.9430-31 intra-day low and current level of the lower Kumo, break would confirm that a temporary top is formed, bring weakness to 0.9400, then test of last week’s low of 0.9382 which is likely to hold from here.

In view of this, the inclination is to sell USD on further rise. Above 0.9553-57, 1.618 times projection of 0.9216-0.9387 measuring from 0.9276 and 50% Fibonacci retracement of 0.9898-0.9216 would abort and risk gain to 0.9585-90 later.

USD CHF Live Trading News Macro Charts
Gain Access to the Latest Charting and News Technology, trade better faster, Runs on Your Desktop and your iPad , a Must for all Serious traders, info@livetradingnews.com

Gain Access to the Latest Charting and News Technology, trade better faster, Runs on Your Desktop and your iPad Get your first month free of Live Trading News Thomson Reuters Eikon for Retail Traders


Gain Access to the Latest Charting and News Technology, trade better faster, Runs on Your Desktop and your iPad , a Must for all Serious traders, Get your first month free of Live Trading News Thomson Reuters Eikon for Retail Traders











 

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

  Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.

He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

Member
Chinese Society of Economists
American Economic Society




 

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Posted by on Nov 11th, 2012and filed underEconomic News, Europe, Foreign Exchange, Latest News, Paul Ebeling.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
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Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!

Tue, 04/30/13 | 0 Comment

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Guest: gsat get it now. if u snooze u lose

Fri, 04/19/13 | 0 Comment

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