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USD/CHF forecast for the day -GMT

By:

S. Sivaraman

06-11-2008

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USD/CHF is expectd to drop from the rised level 1.1685 area to go below 1.1573 low set for the day.near high or above 1.1660 area is sell opportunity to take profit during drop below low. USD/CHF was not losing much against USD unlike EURO as the attribute is CHF is now considered as a safe currency next to YEN..The attributes may appear believable and is not actually true.Players are buying other majors when the traders sell in distress.Today CHF is holding near high to drop during the day,Tomorrow more drop expected in this pair.

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Next Analysis: USD/CAD forecast for the day -GMT

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i-knowindices.com provides intra-day and long term forex market forecast and strategic trading techniques for spot and position tradings.Also provides Professional trading training (PTT),forecast based trading advice for unfavorable positions to earn net profit (Switch) and managed accounts speciali

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