Trend Following the CHF/JPY cross

Written by Megatrade101 | 24 March 2010

Youtube URL:http://www.youtube.com/watch?v=-i7hRGB06Os

As the EUR/GBP cross takes a pause and stalls lower with the more influential downgrading by Fitch cutting the ratings on Portugals problems that led the Euro and the Pound to head south. Meanwhile, the beneficiary of all these rumbles is the US Dollar vs. the JPY more than the Swiss Francs.

So taking that cue the best case scenario is the CHF/JPY cross looking at above the 86.50 levels as an inital target as of this writing. Since the strength of the USDX has been most effective with the USD/JPY than the USD/CHF. Byt the process of deduction and elimination the CHF/JPY wasthe best choice based on volume distribution and investor's sentiment shift on market sentiments. Now the current price on the CHF/JPY while loading this video is 86.15 . . . :-) however, there will always be a market opportunity in the FX market !

This supports our Market View Analysis dated the 22nd of March on our website focused on the cross rate of the CHF/JPY as a favorable choice considering the currency majors heavy toll downwards. Besides everyone has been looking at these majors to short but still reluctant to do so.

Pls. visit our website at http://www.megatrade101.com for a more detailed analysis regarding the cross pair.

Best of luck on your trades! remeber, that there is no guarantee that such trades will have the same results as market prices do fluctuate. Developing a sense of Market timing and due diligence analysis can only help.

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