Quotation of the day
Quotation of the day
Price is what you pay,
Value is what you get.
-Warren Buffet
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Friday, December 31, 2010
usd/chf weekly analysis 27th-31st december 2010
This is the last week of 2010 chart of usd/chf as we can see usd/chf has fallen heavily right from the beginning of the week on monday after opening on monday usd/chf started falling straight away and fell and was between the 0.95 to 0.96 levels on tuesday it continued falling heavily and crossed the 0.95 level by the mid day on tuesday it recovered somewhat and then from wednesday again it started falling heavily and continued to fall on thursday there is some correction today (friday) the last day of the year as it has been oversold,but still i think in the upcoming year of 2011 it will continue falling for the first few weeks as it has broken most of its supports and is very weak below the 0.95 levels !
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