If you want to short the Swiss Franc, you could short the FXF which moves in correlation with the currency. The longer-term chart is bearish, although on the short-term chart (inverse above), round numbers, especially 1.00, have a strong tendency to be support or resistance especially after such a collapse in the CHF - rally in the USD - recently, so a pullback would not be unexpected in the short term, meaning you might want to wait a tad before shorting the FXF to insure it will not find support here.
A collection of studies, articles, and data series I've collected over the years on stocks and options.
Showing posts with label CHF. Show all posts
Showing posts with label CHF. Show all posts
Saturday, July 21, 2012
Dollar Almost Back at Parity Versus the Swiss Franc - It's Been a Long Ride!
If you want to short the Swiss Franc, you could short the FXF which moves in correlation with the currency. The longer-term chart is bearish, although on the short-term chart (inverse above), round numbers, especially 1.00, have a strong tendency to be support or resistance especially after such a collapse in the CHF - rally in the USD - recently, so a pullback would not be unexpected in the short term, meaning you might want to wait a tad before shorting the FXF to insure it will not find support here.
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