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Buge Satrio Lelono

EUR/USD (Desember 11)

Indikator pada chart Daily menunjukkan oversold, dan seolah-olah bersiap melakukan koreksi terhadap running daily. Bila hari ini harga mampu menembuslevel 1.4778 (9/12), hal ini akan mengkonfirmasi koreksi terhadap daily. Sebaliknya, jika harga turun hingga ke level 1.4665 (9/12), running menuju level 1.4623 (3/11) menjadi hal yang mungkin saja akan terjadi.

R3: 1.4797
R2: 1.4759
R1: 1.4735
PV: 1.4721
S1: 1.4692
S2: 1.4659

EUR/USD (Desember 7)

Hari ini, indikator pada chart 4H sudah masuk pada level2 overbought, namun pada chart Daly, tekanan jual justru baru terlihat, dan konfirmasinya cukup meyakinkan. Namun, news/data yang akan di release nanti malam juga patut untuk diwaspadai (8:00pm WIB - EUR: ECB President Trichet Speaks, 8:30pm WIB - CAD: Building Permits m/m).

R1: 1.5027
PV: 1.4925
S1: 1.4821
S2: 1.4758
S3: 1.4638

EUR/USD (Desember 4)

Hari ini, running harga berkisar pada level pivot (1.5080) dan S1 (1.5044), setelah kemarin (3 Des) harga tidak mampu menembus 1.5049 (25 Nov). Indikator stochastic 5-3-3 (4H) telah berada di area oversold-nya, sementara stochastic 15-3-3 masih memiliki ruang untuk perjalanan down-momentumnya. Posisi sell/short masih dimungkinkan jika kita merujuk pada stoch 15-3-3. Meski demikian, posisi (pending order) buy limit barangkali juga patut diperhitungkan, atau menunggu konfirmasi 1H yang bisa meyakinkan kita untuk meletakkan posisi buy/long. Data-data yang akan di-release malam ini harus juga diperhitungkan/dipertimbangkan.

R2: 1.5142
R1: 1.5118
PV: 1.5080
S1: 1.5044
S2: 1.5020

EUR/USD (Desember 3)

Setelah kemarin indikator stochastic 5-3-3 (4H) menyentuh area oversold-nya, hari ini tampaknya indikator tersebut kembali menguatkan up-momentum stochastic 15-3-3. Sementara macd tetap berada pada area positif (di atas nol). Saat ini harga telah menyentuh level 1.5095 (R1). Bila harga mampu menembus level 1.5104, hingga ke 1.5112, maka hal ini memperkuat kondisi up-momentum chart 4H (dan searah dengan chart Daily). Sebaliknya, bila harga turun dan menyentuh 1.5034 hingga ke 1.5016 (S2), indikator chart 4H akan kembali mengalami tekanan jual.

R3: 1.5143
R2: 1.5112
R1: 1.5094
PV: 1.5064
S1: 1.5034
S2: 1.5016
S3: 1.4984

EUR/USD (Desember 2)

Harga EU saat ini berada di antara pivot dan R1. Sementara indikator stoch berada di area overbought di chart 4H, dan stoch 5-3-3 terlihat seperti sedang menunjukkan down-momentumnya. Pada chart Daily, indikator macd masih bertahan pada posisi di atas level 0, atau berada di area positif, dan indikator stoch terlihat berusaha mempertahankan up-momentumnya. Namun koreksi terhadap daily bukan tidak mungkin terjadi, terutama bila harga bisa menembus 1.5070 hingga ke level di bawah pivot (1.5028), maka hal ini akan mempertegas down-momentum indikator 4H. Sebaliknya, bila harga mampu menembus 1.5113, hingga ke level 1.5130, maka hal ini justru mempertegas indikator pada chart Daily.

R2: 1.5147
R1: 1.5113
PV: 1.5057
S1: 1.5001
S2: 1.4965

EUR/USD (Desember 1)

Saat ini level harga EU berada pada kisaran pivot dan S1. Stoch 15-3-3 masih menunjukkan up-momentum, sementara stoch 5-3-3 terlihat seperti masih (atau sudah?) melakukan konsolidasi. Bila harga EU mampu menembus 1.5065, maka stoch 5-3-3 akan memperkuat posisi stoch 15-3-3 pada jalur up-momentumnya. Sebaliknya, bila level 1.4970 (S1) bisa dilewati hingga ke 1.4942 (S2), maka hal ini makin mempertegas indikator pada chart daily yang berada dalam tekanan jual.

R2: 1.5091
R1: 1.5062
PV: 1.5017
S1: 1.4970
S2: 1.4942

EUR/USD (November 30)

EUR/USD chart 4H, Jumat lalu mengalami penurunan yang cukup dalam (mungkin 200 pips lebih). Saat ini indikator pada chart 4H menunjukkan bahwa EUR/USD masih memiliki ruang untuk melanjutkan perjalanan ke atasnya dan harga telah menembus level R2 (1.5062). Bila harga 1.5098 mampu di tembus, bukan hal yang tidak mungkin level 1.5134 (R3) mampu disentuh. Sebaliknya, bila level 1.5134 tidak tersentuh, konfirmasi 1H untuk meletakkan pending order (sell limit/sell stop), tentu saja dibutuhkan, mengingat bahwa indikator di chart Daily justru menunjukkan bahwa EUR/USD sedang mengalami tekanan jual.

R3: 1.5134
R2: 1.5062
R1: 1.5018
PV: 1.4946
S1: 1.4875
S2: 1.4829

EUR/USD & AUD/USD (November 26)

EUR/USD. Indikator chart EU 4H, masih menunjukkan up momentum, sementara stochastic ada pada posisi flat di area over bought-nya. Pada chart daily, terlihat bahwa masih ada cukup ruang bagi macd + stoch, untuk terus melanjutkan running-up-nya. Meski demikian, koreksi di chart 4H masih mungkin terjadi, terutama jika stoch (15-3-3 dan 5-3-3) pada chart 4H, bersama-sama melengkung ke bawah, atau dibutuhkan konfirmasi 1H yang cukup meyakinkan kita bahwa EU sedang dalam tahapan koreksi terhadap momentum daily.

R1: 1.5154
PV: 1.5080
S1: 1.5005
S2: 1.4958

AUD/USD. Pada chart AU, 4H, koreksi terhadap daily sedang terjadi, setelah kemarin bersama-sama dengan pair EU terus menerus melakukan break level2 resistent. Saat ini level harga AU berada di kisaran S1. Bila break S2, ini akan mempertegas momentum 4H-nya.

R1: 0.9327
PV: 0.9274
S1: 0.9224
S2: 0.9193
S3: 0.9141

EUR/USD (November 25)

Di chart 4H, running price telah menyentuh upper channel. Sementara pada chart Daily, stoch + macd justru terlihat seperti mengkonfirmasi momentum ke atasnya. Meski demikian, saya masih butuh konfirmasi chart 1H dan 4H pada sore atau malam hari nanti, untuk entri order posisi. Saat ini, running harga masih tertahan di level2 1.4980/98 (R2), bila harga mencapai level 1.5023 hingga ke 1.5045, maka pergerakan ini mempertegas konfirmasi dari indikator di chart daily. Sebaliknya, bila 1.5007 tidak mampu di tembus, maka chart 4h kemungkinan besar akan mengkonfirmasi posisi short/sell.

R3: 1.5045
R2: 1.4995
R1: 1.4983
S1: 1.4906
S2: 1.4882

EUR/USD (November 24)

Hari ini, EU pada chart 4H kembali mengalami tekanan jual. Momentum ini akan semakin jelas bila level 1.4898 berhasil dilalui hingga ke 1.4865 (S1). Sebaliknya, bila level 1.4993 dan kemudian 1.5032 berhasil ditembus, maka kemungkinan besar ini mengkonfirmasi chart daily yang masih cenderung dalam keadaan flat.

R2: 1.5032
R1: 1.4993
S1: 1.4865
S2: 1.4826
S3: 1.4764

EUR/USD (November 23)

I am back ! (setelah seminggu bedrest di rumah, karena gejala typhus). Langsung saja kita bahas pair EU pada chart 4H. Indikator (macd+stoch) menunjukkan bahwa peluang untuk (paling tidak) menyentuh upper channel, masih terbuka (mengingat bahwa harga saat ini bergerak di kisaran R2). Sedangkan pada chart daily, indikator menunjukkan gerakan yang flat dan cenderung turun, sehingga menempatkan pending order (sell limit) barangkali juga patut diperhitungkan.

R3: 1.4997
R2: 1.4946
R1: 1.4914
S1: 1.4813
S2: 1.4781
S3: 1.4730

EUR/USD (November 13)

Hari ini, stochastic 15-3-3 & 5-3-3 (chart Daily) mulai kehilangan momentumnya dan menunjukan tekanan jual, macd (5-12-3) ikut mendukung situasi ini. Secara teknikal penurunan harga masih bisa terjadi, apalagi juga support (S2: 1.4772) berhasil ditembus. Pada situasi ini (seperti biasa) saya lebih suka mengamati chart 1H dan 4H untuk mencari konfirmasi entri, dan tentu saja, menghindari (atau mencermati) ketika ada data yang hendak di-release hari ini (2:00pm WIB EUR - German Prelim GDP q/q, 8:30pm WIB USD - Trade Balance)

R3: 1.5089
R2: 1.5015
R1: 1.4967
S1: 1.4820
S2: 1.4772
S3: 1.4698

EUR/USD (November 12)

Pertama-tama mohon maaf, koneksi internet di kantor putus nyambung dan putus nyambung. Semoga informasi yang terlambat di upload ini masih bermanfaat :) Saat ini tekanan jual di chart 4H menguat (S1 dan S2 sudah di break), sehingga bila S3 di tembus, bisa jadi situasi 4h ini akan berlanjut hingga besok (ini masih tergantung dengan data2 yang akan di-release malam ini). Sementara itu, chart daily stoch 15-3-3 masih mempertahankan momentumnya.

S1: 1.4958
S2: 1.4936
S3: 1.4900
S4: 1.4841

EUR/USD ( 11 November )

Melanjutkan perjalanan eur/usd (daily & 4H) yg telah diposting sebelumnya, hari ini (secara teknikal) chart 4H mulai kembali menunjukkan momentum ke atas (seperti yang ditunjukkan pada stochastic 5-3-3). Sementara pada chart Daily, stoch 15-3-3 makin memperkuat posisi "bullish"-nya.

R3: 1.5063
R2: 1.5033
R1: 1.5013
S1: 1.4951
S2: 1.4932
S1: 1.4901

EUR/USD ( 10 November )

Kemarin (9 November) harga 1.5000 sebagai level psikologis mampu ditembus. Meskipun stochastic daily masih mempertahankan momentum (ke atas),namun chart 4H (4 hour) mulai memperlihatkan tekanan jual (seperti pada gambar yang di upload hari ini). Pada kondisi ini, mungkin saya lebih suka menunggu konfirmasi chart 1H untuk kembali melakukan order long dengan take profit yang terbatas atau tergantung situasi (sebagai antisipasi kekuatan jual yang mulai ditunjukkan chart 4H).

R3: 1.5124
R2: 1.5059
R1: 1.5020
S1: 1.4886
S2: 1.4847
S3: 1.4784

EUR/USD today (November 9)

Catatan dari depan Komputer


Berlanjut dari hari jumat lalu (6 November) macd + stoch masih melanjutkan perjalanannya ke atas. Secara teknikal, masih ada cukup ruang bagi stochastic (15-3-3) agar running harga terus melanjutkan pergerakan ke atas, sementara value parameter signal macd kini berada di atas 0 (nol).

R3: 1.4957
R2: 1.4919
R1: 1.4895
S1: 1.4819
S2: 1.4795
S3: 1.4757

---------------------------------------------------

Written by Mohammed Isah - fxtechstrategy.com
Monday, 09 November 2009 09:08

EURUSD: Sees Upside Momentum, Eyes The 1.5000 Level
EUR started off the week strongly holding firmly above the 1.4844 level and breaking through its Oct 27’09 high in early trading today. As referenced in our weekly analysis of the pair’s need to hold firmly above the 1.4844 level before further upside could be challenged and having validated that, EUR now has its eyes on its psycho level located at 1.5000 with a violation of there targeting its YTD high at 1.5062. A firm break above the latter will resume its MT uptrend and open the door for additional gains towards the 1.5082 level, its Aug 10’08 high and then its 1.5283 level, its May 04’08 low. Its daily studies are bullish and trending higher suggesting further strength. Downside objectives are seen at the 1.4926 level followed by the 1.4844 level where we expect a reversal of roles to occur. Further down, supports are sited at the 1.4670 level where its MT rising trendline is currently residing and then its Oct 02’09 low at 1.4479. On the whole, having started a new leg of bullish upmove, risks are presently seen towards the 1.5000 level and beyond.

EUR/USD today (November 6)

Catatan dari Depan Komputerku

Menarik bila kita mengamati chart daily eur/usd. Macd + stoch menunjukkan tekanan ke atas, meskipun ini masih terlihat prematur, mengingat bahwa parameter signal pada macd masih berada sedikit di bawah level 0 (nol).

R3: 1.4975
R2: 1.4932
R1: 1.4907
S1: 1.4823
S2: 1.4797
S3: 1.4755

GBP/USD today ( November 5)

The GBPUSD rallied sharply following the head and shoulders breakdown. The minimum head and shoulders objective of approximately 1.5200 was not reached. For now, the pair remains in a large range but with a downside bias as determined by the potentially completed A-B-C advance from 1.3500. 1.4855-1.5075 is a potential support zone.

The British Pound/US Dollar has become increasingly sensitive to interest rate developments, and we expect this will continue into the foreseeable future. Speculation over the future of Bank of England monetary policy has had an especially large impact on all British Pound currency pairs. This is especially true for any and all shifts in BoE Quantitative Easing measures, and any unexpected surprises from the British central bank would likely force substantial GBP/USD volatility.

(dailyfx.com)----------------

Catatan dari Mejaku



2 Stoch menunjukkan konsolidasi. Jadi apapun masih bisa terjadi (ya namanya juga forex, gitu aja kok repot) termasuk menabrak upper channel. Terlalu banyak data yang akan di release pada hari ini, jadi saya lebih baik minggir dulu ( yeeaahh \m/ ) sambil mengamati running chart 1h dan 4h.
Sementara ini, menurut saya, lebih baik duduk manis (ngerokok + kopi) dan menunggu kesempatan itu datang (terutama konfirmasi di 1h, 4h).
Sekian.. wassalam.

GBP/USD today ( November 4)

Despite strong recovery, pair remains unable to clearly break above the 1.6440 area, 20 SMA in the 4 hours charts still with a bearish slope. Hourly indicators seem a bit exhausted to the upside, while 20 SMA remains flat, suggesting some downside movements likely corrective, for the next couple of hours or so; the extension and speed of that movement will mark next sessions direction: if reaches the 1.6300 area, pair will try to extend downside rally under yesterday’s low.

Support levels: 1.6380 1.6330 1.6290

Resistance levels: 1.6440 1.6485 1.6520

( FXstreet.com Independent Analyst Team )

EUR/USD today (November 4)

Back above 61.8% retracement around 1.4700, pair turned slightly bullish in the hourly chart, yet indicators seem to have lost upside momentum while 20 SMA remains strongly bearish despite under current price. Bigger time frames show same conditions with pair slightly bullish yet with no enough strength, suggesting we need to see a strong acceleration above 1.4740 area to confirm an upside continuation. Next resistances for next hours come at 1.4770 and 1.4810, ahead of stronger 1.4850 area. However, market likely to remain in range ahead of key bank events starting with FOMC meeting next American session.

Support levels: 1.4705 1.5680 1.4630

Resistance levels: 1.4740 1.4770 1.4810

( FXstreet.com Independent Analyst Team )

USD/JPY today

The latest rally has stalled out just shy of our initial objective at 92.55 with the market initially well capped by the bottom of the Ichimoku cloud. Daily studies do however still show plenty of room to run, and we maintain our constructive outlook since the pair based out by 88.00. A higher low is now sought above 89.00, to be confirmed on an eventual break back above 92.55. Back under 89.00 however, will negate and put pressure on downside with market participants eying a retest of the critical 87.15 matched trend lows from 2008 and 2009.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

EUR/USD today

EUR/USD – The market has now entered a period of consolidation which we contend to be a bearish consolidation in light of the reversal on the weekly chart. Any rallies should now be very well capped ahead of 1.4860, with a downside break now favored to test critical support by the 50-Day SMA at 1.4660. The 50-Day SMA has supported the up-trend throughout much of 2009 and it will be interesting to see how the market reacts from there. A break and close below the 50-Day would be viewed as a significant development with the price action suggesting a material shift in the medium-term structure. Below 1.4660 would then expose 1.4480 further down.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

Euro Grows Against Yen on Economical Optimism

The European currency surged against the Japanese yen and the other major Forex-traded currencies today as the traders reacted to the signs of the global economy recovery with buying high-yielding assets and currencies financed by relatively cheap loans in USD and JPY.

The euro has already recovered one third of its Friday daily drop against the Japanese currency. Positive reports from Australia, signaling a sure recovery from the recession, added optimism to the currency markets. The euro also gained versus the British pound as the latter moves not so fast against the dollar and the yen.

The ongoing recovery of the euro and the other high-yielding currencies may also be a part of technical correction, which followed a yen’s rally after CIT Group Inc. filed for bankruptcy on November 1st. Some analysts point out that the economical recovery process is what helps the euro, as the recovery itself (with a jump from decline to growth) supplies a good opportunity for a high-risk and high-yield gain.

The euro along with the Australian and New Zealand dollars is the current favorite for the carry trade opportunities on Forex. With 1, 3.25 and 2.5 percent, respectively, they stand against 0.25 and 0.1 percent interest rates of the U.S. dollar and the Japanese yen, respectively.

EUR/JPY rose from 131.99 to 133.24 as of 9:42 GMT today, it opened the trading session with a gap and a downside rally, which has reached 131.56 level compared to Friday close at 132.57. EUR/USD advanced from 1.4732 to 1.4777, while EUR/GBP went up from 0.8984 to 0.9010 today.

(www.topforexnews.com)

Top 10 Myths about Forex

Forex is a market where exchange of one currency with another currency takes place. It’s the market which provides accessibility and liquidity to the traders to buy and sell one foreign currency in exchange of another.

Forex traders seek profit in buying currencies low and selling them high. This kind of trading became more popular with the widespread of the on-line Forex brokers. There is a lot of information available about Forex on the web. However there also many myths surrounding the foreign exchange market:

1. Forex trading is easy. Many people that want to dive into the world of the foreign exchange market believe that the Forex trading is easy — you just read a book or two and then you will be able to earn daily profits with just 2-3 hours trading daily. Others think that they can buy a profitable strategy and it will make them rich in Forex. In reality that’s just a myth. Succeeding in Forex isn’t easier than mastering any other profession — it takes time, money and a lot of practice.

2. "I will make money in Forex, if I can trade stocks successfully." Success in stock market doesn’t imply that you will get success in Forex market — there are many differences between trading stocks and the spot currencies. First of all, Forex market requires a lot of hard work and dedication as this market is open for 24 hours a day. You cannot just sit in front of your computer for the whole day and night, so the best way is that you should find the most suitable time periods for trading. Second, “buy&hold„ strategy simply won’t work in Forex market. Third, you don’t have that much information about currencies as you can get from the companies’ reports and statistics.

3. "I can make profit whenever I want if Forex market is open 24 hours a day." Once again, you won’t be sitting in front of your PC for the whole day to be able to trade 24 hours. You’ll have to develop automated trading software to get the advantage of 24 hours a day working schedule.

4. "I can be a successful Forex trader just following someone else’s signals." Many beginning traders get burned by the blind signal-following. That’s like putting away the whole responsibility for your actions to someone else. That may sound cool, but in reality you end up with the huge losses. Learn to rely on your own knowledge and skills. Remember that there were no great signal-followers in any financial market.

5. No commission is to be paid in Forex market. You only have to pay the spread, but you don’t have to pay the commission. And what’s spread? It is the difference between the buy and sell price of the currency pair at the same moment. You may end up with the major part of your profits in the broker’s hands if you plan to rely on the short-term trading.

6. Forex is a scam. Some skeptics and disappointed traders think that Forex is just some new fad to scam people for their hard earned money. Although there are many scams that are hiding behind the "brand" of Forex, that doesn’t mean that the Forex itself is a scam. There are many institutional Forex brokers, regulated Forex account managers and other solid companies in the market to whom you can trust.

7. "I need to exactly predict the market outcome to be profitable in Forex." There is no scientific method to know something in advance in the market with a 100% certainty. There would be no Forex market if you could know the exact currency rates beforehand. Trading is not the game of certainties; it’s a game of odds. One of the first things that new traders learn is to think in the terms of probabilities and risk-to-reward ratios.

8. "I need to use a very complex strategy to be successful in Forex." It’s a popular myth, in which many on-line sellers would want you to believe. The main requirement to be successful in Forex is a self-discipline and money management. There are many traders that make consistent profits with rather simple and old strategies.

9. "I need to have a lot of starting capital to get profit in Forex." Big capital investment won’t help you in Forex. You don’t need a lot of money to diversify in currencies and you can’t move the currency rates with your trading orders (you’d need billions of dollars to do that). Actually you can trade with a very a little capital, because Forex trading is almost always leveraged with the broker’s money.

10. Forex is gambling because it’s completely random. Although there is no certainty in Forex (as in any financial market) it doesn’t mean that it’s completely random. And it’s certainly not a gambling, since your success in this market depends mostly on your skills and experience, not on your luck.

Knowledge is power — so it’s better for you to learn distinguishing some stereotypical myths from the real thing. Don’t fall for the promises of getting some easy profits in Forex, but don’t be afraid of the market just because some people think it’s not possible to earn there. Be rational — this quality will help you either if you are going to trade in Forex or not.

Fundamental Factors behind Major Currencies

Every currency traded in Forex is influenced by the conditions in its country of origin, and the external relations that affect its value. Economic Indicators (GDP growth, import/export trade accounts), social factors (unemployment rate, real estate market conditions) and the country’s central bank policy are the factors that determine the currency value in the Forex market. Each one of the six major currencies has its particularities, and we are going to analyze the fundamentals that drive the currencies individually.

The U.S. dollar (USD) is the most traded currency in the Forex market. It is also used as a measure to evaluate other currencies and commodities. The reserves in USD are by far the largest being held by different nations, and they compose 64% of the world reserves. Globally speaking, the fundamentals that drive the U. S. Dollar are several. Since the largest amount of metallic commodities and the oil are mostly traded with prices in USD, significant demand variations in these markets will reflect directly on the currency value, as it happened in 2008 with the EUR/USD reaching 1.60, being the oil price a big contributor for this event. In the domestic market, the biggest factor that has been moving the dollar are the industry indicators and the real estate boom, and both were caused by an unsustainable credit system which could not be paid, causing a domino effect in the United States economy, and consequently, worldwide. During the last few years, the USD has been losing ground for other currencies, thanks to the credit bubble, and erroneous social policies, but it will still remain as one of the most powerful currencies for an undetermined period of time.

The euro (EUR) is by far the newest currency traded among the major pairs traded on Forex markets. It is used by 16 European Union member countries and it tends to enlarge during the next few years. The fundamental factors that move the Euro are often based on the strongest economies using the new common currency, such as: France, Italy and mainly Germany. The countries’ indicators regarding export trade, inflation and unemployment rate tend to have a high impact on the EUR movements, considering that countries such as Germany are larger exporters of manufactures and technology. Europe still remains an energy dependant from the Russian gas and the Middle Eastern Oil, making higher demands for these commodities to have a negative reflect on the European Union common currency.

The pound sterling (GBP) is the national currency of the United Kingdom, and the fundamental factors that move it are as complex and variable as the British economy and its global influence. The London commodity market plays a fundamental role in the GBP trends, being a reference for oil and gold trading. Nevertheless, as a powerful and globally dynamic economy, the United Kingdom indicators, social situation and the housing sector are perhaps the main determinant factors for the GBP price. Lately, the British economy has faced inflation issues, which led the interest rates to be cut, industrial recession, and other domestic factors that made the trading movements to naturally flow from the GBP towards other strong economically backed currencies, such as the EUR.

The Japanese yen (JPY) is the strongest and by far the most traded currency in the Asian market. Japan’s economy is mainly orientated to the industrial production exportation, and the economic situation of its main commercial partner, the USA, tends to have a direct influence on the JPY market. The JPY is a low-yield currency, being the GBP/JPY the most volatile pair traded on Forex, usually the scalper’s favorite one.

Switzerland is a small country located in the European Alps, yet, its strong international trade and money influx, made the Swiss franc (CHF), one of the main currencies traded on Forex. The CHF is often preferred by low yield investors. In times of financial instability, such as for the last years with the USD, many traders choose the CHF as a safe investment. The CHF trends can be often compared to those of the gold, increasing their value while other markets’ tends to depreciate during economic downturns.

The Canadian Dollar (CAD) faces a similar situation with the other commodity currencies, being majorly an export-dependable. Most of the Canadian production is exported to the USA. Facing the very same credit bubble problem that dragged America into recession, Canada has to deal also with a decreasing demand for all commodities. The CAD usually correlates positively with the prices for the all commodities.