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I've tracking and nipping at CHF and it's crosses over last few weeks. It's been rather good for me. Here is a trade in EUR-CHF. It lasted all week. With the number of trades I take across all the accounts it was a small trade, but very satisfying one.
Question now is, how much farther will it go? That's rather difficult to say, as the last leg of the sell off was rather smooth curve down, without many pull backs and other chart “features” that would provide us target. One way to look at it is take some clues from USD-CAD latest action. Why? Both charts look very similar, with the bottom almost identical. USD-CAD started to go up couple weeks sooner.
Here is USD-CHF. It looks remarkably like previous chart only 2 weeks delay. If this continues we are looking at maybe 1.1600 or so before any significant reaction.
This type of analysis is somewhat off the beaten path but at times proves effective. Time will tell.
Husar.
