Dollar Versus Loonie and Franc February 7th

FX Strategy Video > Currency Pairs Analysis

The USD/CAD has formed a shooting star at the bottom of a downward plunge, always a bearish sign. Of course, there is the little issue of massive support areas extending down to the 0.9750 level. This pair could produce bearish action - but it will be choppy at best.

The USD/CHF pair is being indirectly controlled by the happenings in the EUR/CHF pair. The Swiss are going to have to intervene against the value of the Franc soon, and it will bleed over into this market. Because of this, we are not willing to buy the Franc in any pair currently - this one included.

Published on 6th of February 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time