Thursday, May 26, 2011

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CHF / PLN - after the storm the sun shines

currency pair CHF / PLN is probably one of the most popular for all kinds of media. As soon as something interesting begins to happen on it (and the main interest is the weakening of the zloty in particular), the media can hear a big noise . Noise that prophetic a great tragedy for the people who contracted loan rate for CHF, but the noise that normally is associated with a solstice. As a fan of drawing all sorts of bars attached my proposal for this pair for the coming period.




Looking at the diagram pair CHF / PLN in a broader perspective drawing can be seen in its wide wedge zwyżkującego. This process lasts from 1Q2010 year. Some regularity is that after the test the upper limit of the wedge, there was always more or less abrupt correction, which finally came down to support listing as a lower limit. The last two tests of the upper limit (including that of today) are very aggressive, but the technical level that was still undeniably zarespektowany ( 3.26) follows the line that we can pull from the top of February 2009, by the recent summit on March 17 .

By my estimation it's not yet time to rise to the top of the wedge - Greece certainly very frightened , but the panic that has brought out CHF / PLN to new heights a little bit is still missing. This is what I put on, a correction in this pair to the lower limit, or the surrounding area 3.10 .

not play the currency, credit, fortunately, I no longer have. I hope to improve this post a little humor to those who repay the loan, or give a bit to think about those who are staring in the currency.

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