CHF Remains Undervalued vs. GoldCurrencies / Forex Trading Mar 24, 2010 - 06:39 AM GMT
Large specs bearishness oversold snb probably a currency manipulator.
Chart i correlation study decline from 95% to 62% since jan. 2009, franc lags gold rise positive correlation historically strong chart ii sentiment cot large speculators usually reverse direction from current levels 1% spikes in usdchf within a few hours such as the morning of march 24 probably snb anti-deflation intervention
Opinion: eurchf, gbpchf and to a lesser extent usdchf poised to make new lows
By Daniel Bruno
Chartered Market Technician
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