20091107 - EURPLN, CHFPLN

The EURPLN generated a daily buy signal during this week:

eurpln_20091107

Similarly, daily buy signal has been also generated on CHFPLN chart:

chfpln_20091107

Obviously, the October's sell signal (this post) was a false one and we can see daily uptrend now (of course this situation can change quite fast). Nevertheless, note the primary direction is still downwards and we should not trade against primary trend.

Note for Gregorski:
I also believe that Polish Zloty is still under-valued considering Poland's economic situation, regardless to current rally. However, I have learned that feelings are usually bad idea in this kind of business, especially in Forex market. Therefore, I rely almost exclusively on stop-loss orders and money management.
You can find exact value forecasts here or here.
By the way - if anyone would know the future exchange rates for currency, he/she could use some the more speculative instruments and be very rich quickly.

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