Friday, August 5, 2011

FX OPTIONS TREND OPINIONS 1.8.2011

Swiss Franc Trading OUTLOOK
SFC (USD/CHF): further USD decline expected


Pivot: 82.50
Our forecast: Down move towards 78 or even 75.
Comment: The pair is posting a rebound but remains within a MT bearish channel while the daily RSI is capped by a declining trend line.


To leverage our Trend Opinion on Swiss Franc, we can use different options :

1. Buy SFC Sep 11 78.5 PUT
1. Buy SFC Sep 11 80 PUT
1. Buy SFC Oct 11 78.5 PUT

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