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31-01-2006 USDCHF would move sideways in the next few days.
28-01-2006 As expected, USDCHF has bottomed at 1.2555 on the daily chart. It would move higher to the next cycle top.
26-01-2006 USDCHF is bottoming on daily chart. Close all short positions that you took according to my suggestion on 03-01-2006, and wait for the next cycle top.
24-01-2006 The cycle bottom of USDCHF on the daily chart would be coming soon. I don’t suggest to take any new short positions at this moment.
20-01-2006 USDCHF is waiting for a break of 1.2670 to continue its downtrend.
17-01-2006 USDCHF is moving sideways. As long as key resistance of 1.2900 holds, I’d expect down trend to continue. 13-01-2006 Down to next week.
11-01-2006 Down to next week.
06-01-2006 USDCHF has formed a Head and shoulder pattern on the daily chart. Down trend would continue after a slightly pull back resisted by the neck line. On the weekly chart, cycle top has confirmed, I think it just a beginning of the down trend. If you have a short position, don’t close it until the next cycle bottom appeared.
03-01-2006 USDCHF topped as the key support 1.3049 was broken. Take a short position now, and put the stop order above 1.3202, the long term target is under 1.2774.
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