USD/CHF

Monthly

Interesting bar chart, not that it has to do anything with technicals in todays fiat money system but anyway maybe deep down a little bit fundamentally.



Where is GB (UK) or even worst Australia ?

Interesting

There is a doji candle formed in the daily chart (27.04.2011),so my question is why the trend didn't reverse???Sorry if it's silly question,but I have no big experience

What do you think guys???

whats your take for tomorrow next week? short more? till what ? 0.80??

Sitting idle & just watching how doing this usd in respect to usdchf. Ever ending down trend in progress , continues wave 3 after wave 3 as extension . yes it a support here & around around 0.8621 & next 0.8586 & seems not stop for big bounce /pullback as last wave 3 also having repeated w1 & w2 format , to finish anyway at lows , a good one for the pullback 0.7982 around .and so usdx may not hold up for more time .
lets see taking care those support levels or so only .

I see me late , all good analyses there in this thread for the 0.8 level, nice
fontu

It may pop up to around (edit correction) not 8900) = 8700 last broken support.
Then I would look for further rejection there.

This pair has a tendency especially lately to break a support,
then make a new low, next bounce up to appx area of old broken support to then face rejection again.

Still short minded. All my target hit so far except 8500.

Looking further I am thinking it may have the potential to track further on to the DXY and fall another 1000 pips to 7500. we'll see just a thought.

@ skyzer -"The biggest question I have is why CHF so strong,

while Risk trade is ON. Used to be mix action on CHF, "

Safe haven buying. Swiss, USD, and JPY are usually the most "safe haven" bought currencies.

JPY faces the problem of intervention due to the high export driven economy, plus the natural disasters make things hazy in that trade at least for me.

The Swiss are most concerned with the value of EUR/CHF due to the trade between the two countries. Thus if the pair falls another 700 pips down to
1.2725 I'll expect the Swiss to be buying Euros.

The USD is being moved out of in various FX reserves as countries look for alternatives such as Gold / EUR (even with the problems), CHF.

I don't think the SNB is particularly worried about another 10 cent dip on USD/CHF

Now if the SNB weakens it's strength against the EURO, it may help the USD rise against the Swissy.
Hope I am explaining this in an understandable fashion.

Still bearish here.

So far recovery capped at 8700.

as long, as chf/lfx is rising, the usd/chf will fall.


will watch with interest, what happens at the upper part of the rising chanel.

usd/chf @4hour

You mean trend line, dude! good trend lines for CHF

my offer stand at 86.07, final t/p at 75 (hopefully) will take partial profit at 85, 84 for this week

I have no idea where to take profit!

I have an open position from a fortnight ago, the remnants of a short I opened.

I only have 30k left to close, I've got a stop set, but no limit order...75 is your target???

75 is my long term target, mate first let's see if this pair can break below 85

I think you will know in a few hours, may be tommorrow market close.

I would think of 85, then up to 95, because I see in the charts 1,50 for the eur/usd and back to 1,40

Euro will up before rate decision one more time before the big drop. AUD, NZD, CAD and commodities are already reversing, GBP and EURO DOWN next and then YEN and CHF UP

i have to admit that USDCHF is moving without direction today. we should wait for another news from US

What this POP on CHF about? While USDx sitting down?

SNB Intervention?

Oops! I got stopped out for the remaining 30k...oh well, been a good ride, let's see how it closes today...interesting days ahead!