DislikedRead the post above i edit it a couple of hours ago...i said buliish bias...read it againIgnored
Expected the unexpected
GBP/CHF and USD/CHF 954 replies
Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies
Can only view EUR/USD, GBP/USD, USD/JPY, USD/CHF through broker? 1 reply
EUR/CHF, USD/CHF turning up? 1 reply
Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies
DislikedRead the post above i edit it a couple of hours ago...i said buliish bias...read it againIgnored
DislikedI was referring to USDCHF pair since this is a USD/CHF analysis thread. Wasn't paying attention to the euro analysis. Sorry. Anyway usdchf is turning up a bit instead of going down. Just a slight correction?Ignored
Dislikedhmm. I am bull on euro bear on swissy for next two days. After that, big bull on swissy.Ignored
Dislikedhmm. I am bull on euro bear on swissy for next two days. After that, big bull on swissy.Ignored
DislikedThats why i dont pull the trigger yet since this candles give false breakouts during assian session. I ussally put my act together at the open of lond open...Thats why i said pay attetion to mjor resistance from trendline...I also metioned that the eur/usd was looking bullish...if thats to hold then usd/chf should come down...I will keep on updating as we get closer to the london open that when i make a trade and snipe the market...Ignored
DislikedIm bullish on both USD/CHF and EUR/USD. I know that's a bit odd, but from the charts it just looks that way.Ignored
DislikedYeah, that is a bit odd. Always thought eur/usd and usd/chf are cross pairs. If your analysis is correct, which is more and more like you are, that means eur/chf is going very long.Ignored
DislikedI see both the Yen and Swissy as weak right now, but I am not sure if it's just a correction or a change in trend.Ignored
DislikedIf both eurusd and usdchf strengthen, that would probably limit the level of both since I just can't see eurchf stretching that far.Ignored
DislikedLooking at weekly EUR/CHF, it had been in uptrend since 03' from 1.47 to 1.68, and then dropped like a rock to 1.53 and now up 1.59 in 1 month time. Don't know.Ignored
DislikedWanna bet 1$ that $/CHF will be trading 1.0170 by the end of the week?Ignored
DislikedYes they are smart traders alright. They got in long even when the crowd is yellow usdchf going down since Monday.Ignored
DislikedIn the wake of recent comments from the Fed, it seems that I'm a pig. Following the FOMC statement, the pair is looking quite poor (for me it's outlook was poor from a week ago when it started to rally, but confirmation was needed). The next levels in play are 1.0300 and 1.0250, while the upside is clearly defined at the 1.0430 double top. A break above that (unlikely) creates momentum for 1.0470. To the downside, the final target stays at 1.0170 which is the 50% retracement of the move originating on 22nd of April.
Please note that the FOMC statement hardly delivered any surprises as the 25 bp rate cut with a future pause was already priced in as well as the deteriorating outlook of the economy. Although I expected a quick drop through support (my personal bet was a 50 bp rate cut together with a dovish statement), I believe that the price action has enough remaining momentum to test the double top once again on thin liquidity, considering that Europe is out tomorrow (Labour Day) and Friday's action will be subdued to the NFP report.
All in all, I squared 75% of my position for 90 pips after the FOMC and will be looking to re-offer 25% around 1.0430 if that plays, for a target of 1.0170 which - unfortunately for my 1$ - is revised for next weekIgnored