CHF

The pre-planned short positions from key resistance range levels have been implemented with the achievement of main anticipated target. OsMA trend indicator marks relative rise of bearish activity and the lack of sustained bull’s resistance gives grounds to choose bearish planning priorities for today. On the assumption of it we can assume probability of rate’s resumption to close 1,1300/20 resistance levels,..

Currency cross rates are currency pairs that does not include USD, such as EUR/JPY. Pairs that involve the EUR rate are called euro crosses, such as EUR/CHF and EUR/JPY. All other currency pairs that don't involve USD or EUR are generally referred to as cross rates. Examples of cross rates are GBP/CHF and CAD/JPY.

A lot of traders tend to fail in accomplishing currency trading success. The reason for this is mostly pointed out on the deficiency in discipline on the part of the traders. But that is not the most important reason why traders lose. The main reason is actually the shortness of focus that these dealers have when what they should be doing is to seriously concentrate most of their efforts on one thing alone.

Optimism found its way back in Japan today after the central bank announced not only their rate decision holding it steady at 0.1% but also they expressed improving their view regarding the future developments of the second largest economy in the world after being mysterious for some time.

Economic discourse has hardly changed.  What was not seen and forecasted is rarely challenged today. The same dead heads speak and we listen. It becomes increasingly difficult for the average man to keep his  critical thinking at this important juncture. Herd mentality is strong and responsible for herd thinking. We on the other hand kept our deflation cap on and never changed optics unless we had to.