Here's a 4 hour chart of the USD/CHF. Looks like a good six point setup. Which way will it go? Well, we certainly know the USD/CHF will break in the same direction as the USD/JPY, and opposite the EUR/USD and GBP/USD. That's always the case.
http://c.myspace.com/Groups/00017/32/50/17790523_l.jpg
All these pairs are flat right now... waiting for the 11 AM interest rate announcement. If you have a demo account, you might try grabbing a few quick pips off this expected move.
Everyone knows the interest rate will remain unchanged, so this probably won't be too big of a move, but some people do very well trading on these new announcements. Give it a try if you're aorund.
http://c.myspace.com/Groups/00017/32/50/17790523_l.jpg
All these pairs are flat right now... waiting for the 11 AM interest rate announcement. If you have a demo account, you might try grabbing a few quick pips off this expected move.
Everyone knows the interest rate will remain unchanged, so this probably won't be too big of a move, but some people do very well trading on these new announcements. Give it a try if you're aorund.