Been looking at USD/CHF very closely. I just put in a limit order to go long at .9510 with a stop at .9400. Looking at the charts and looking at recent news it appear that this pair is still looking very bearish but their has to be a limit. .9463 is the lowest this has been since October. Some analyst see this pair to the upside at parity by the beginning of the year. Any thoughts?
Today the pair spiked up 150+ pips. Grabbed some profits and waiting for the rebound. I still feel like this pair is a good buy but I feel that with the low volume it will fall. I am just glad I got some early profits. Looking to get back in when the charts tell me to. As for it falling past .9400 I find that it may not happen especially with the dollar rally going on. Any thoughts?
"On the trading day prior to holidays, stocks advance with disproportionate frequency and show high mean returns averaging nine to fourteen times the mean return for the remaining days of the year." in The Journal of Finance, Vol. 45, No. 5.