Monday, February 27, 2012

This week

Been away for a while but nothing has really changed.Gold is still on a bullish run as well as silver which is highly correlated.However, Eur/usd which highly correlates to the Usd/Chf has formed a bearish divergence on the daily charts.Watching for price action to confirm to go short on the pair.

Usd/chf on the other hand is showing bullish divergence.SNB may at anytime begin to weaken the CHF as it has done before.I will be more bullish with this pair.