EUR/CHF | Page 58 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/CHF

Similar Threads

GBP/CHF and USD/CHF 955 replies

Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies

EUR/CHF, USD/CHF turning up? 1 reply

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

Attachments: EUR/CHF
Exit Attachments

EUR/CHF

  • #1,141
  • Edited 2:03pm Aug 22, 2011 1:43pm | Edited 2:03pm
Maybe a breakout against resistance? 1 Hour Chart
http://img834.imageshack.us/img834/5049/eurchfh1.jpg

Uploaded with ImageShack.us
  • #1,142
  • Aug 22, 2011 5:52pm Aug 22, 2011 5:52pm
As you can see on 2H chart the Triangle/ Flag formation (whatever is that called) in nearly completed.
It’s getting narrower.
There’s a little space left for maybe two, three candle bars (about 6 hours left ) so probably we’ll see a turnover before London market starts.
It happened before that CHF made some strange movements an hour or two before London’s bells.

Well, I have no bloody idea of where the formation will break, but when I look on entire picture I can see some fcking dinosaur or pterodactyl…
Ha ha, does anybody know what that means?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.jpg Size: 114 KB
Read Charts - Not Papers
  • #1,143
  • Aug 22, 2011 6:36pm Aug 22, 2011 6:36pm
Quoting halkins
As you can see on 2H chart the Triangle/ Flag formation (whatever is that called) in nearly completed.
It’s getting narrower.
There’s a little space left for maybe two, three candle bars (about 6 hours left ) so probably we’ll see a turnover before London market starts.
It happened before that CHF made some strange movements an hour or two before London’s bells.

Well, I have no bloody idea of where the formation will break, but when I look on entire picture I can see some fcking dinosaur or pterodactyl…
Ha ha, does anybody know what that...
north we'll go. 200-300pips
  • #1,144
  • Aug 22, 2011 7:10pm Aug 22, 2011 7:10pm
Quoting PipPipPip
north we'll go. 200-300pips
i agree with you. it does look that we will break up. it is also what the snb want...
Olu
If you think you can or cannot do it you are correct
  • #1,145
  • Aug 24, 2011 5:29am Aug 24, 2011 5:29am
We are on the edge (1.1400 - 1.1390 area) now with EURCHF.
It has built a small uptrend channel and now hesitating which way to go...
Two scenarios available now:

Scenario 1:
It will defend it support area around 1.13900 and we'll see new highs today

Scenario 2
It will break 1.13900 to fall at least to the next support level @1.13000

I support first scenario as more likely to happen in next hours...
Any comments?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.jpg Size: 138 KB
Read Charts - Not Papers
  • #1,146
  • Aug 24, 2011 6:15am Aug 24, 2011 6:15am
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 161 KB


  • #1,147
  • Aug 24, 2011 8:17am Aug 24, 2011 8:17am
1.399 broken
lower trending up channel broken
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 39 KB
  • #1,148
  • Aug 24, 2011 12:06pm Aug 24, 2011 12:06pm
Pair needs to close soundly above 1.146 to post newer highs. Hoping however it clsoes well above 1.15 to see a further advance and a breakout of the current channel.
  • #1,149
  • Aug 25, 2011 9:41am Aug 25, 2011 9:41am
I know most people are expecting the SNB to push this pair up to about 1.20-1.23 But I just bought OTC Put with a strike @ 1.15 on this pair for a 188 pip premium to expire on September 15 with my first target at 1.10 near that gap up that we have and then 1.08 and then on to retest the lows. The shortselling bans in Europe unwind tomorrow and I think that this resistance at 1.15 that we have encountered on the daily chart may hold up.

The unknowns:
1. Bernanke- Tomorrow what Bernanke says may influence the markets and I may be jumping the gun a bit. If Bernanke does introduce QE3 I would expect this pair to break above 1.15 and rally to its next resistance level around 1.18 and then on towards the 1.20's. If Bernanke disappoints the markets and just expresses a bad outlook for the economy I would expect this to help the eur/chf bounce off of resistance on risk aversion.
2. Germany and the European Bailout- Rumors are circling that Germany is next to be downgraded as well as the European bailout unraveling and falling apart. We are actually seeing the German and U.S. markets suffer today because of these fears despite Warren Buffet buying $5 billion of Bank of America.

I have posted a Daily Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.jpg Size: 125 KB
  • #1,150
  • Aug 26, 2011 10:27am Aug 26, 2011 10:27am
BNS intervention :-)
  • #1,151
  • Edited 11:00am Aug 26, 2011 10:36am | Edited 11:00am
My put is only worth 129 pips right now at the moment. I have 3 more weeks until expiration. I was contemplating on exiting since we broke the massive resistance but it appears one of the rumors that caused this pair to break above 115 turned out to be false. The rumor was that the Swiss were charging for deposits. I will see what happens next week.
  • #1,152
  • Aug 26, 2011 11:10am Aug 26, 2011 11:10am
Quoting Maxsmart
My put is only worth 129 pips right now at the moment. I have 3 more weeks until expiration. I was contemplating on exiting since we broke the massive resistance but it appears one of the rumors that caused this pair to break above 115 turned out to be false. The rumor was that the Swiss were charging for deposits. I will see what happens next week.
Maybe it's better to sell your PUT on nearest down hill as it is worth something yet.
It will loose its value close to expiration date...
Read Charts - Not Papers
  • #1,153
  • Aug 26, 2011 11:20am Aug 26, 2011 11:20am
Was not SNB intervention,... but new bankster tricks:

http://www.zerohedge.com/news/so-ubs...sits-after-all

They havent run out of ideas...
this pig cannot be slaughtered for ever... or can it?
  • #1,154
  • Aug 26, 2011 11:48am Aug 26, 2011 11:48am
Quoting PipPipPip
north we'll go. 200-300pips
position closed from Aug 22nd. netting +245pips
  • #1,155
  • Aug 26, 2011 12:02pm Aug 26, 2011 12:02pm
Quoting PipPipPip
position closed from Aug 22nd. netting +245pips
Good Job PipPipPip...
I wasn't expecting such fireworks on CHF and get out (too) early form my trade.
But the market's been volatile and it's good to cash out as it can drop as quickly as it bounced up...
Read Charts - Not Papers
  • #1,156
  • Aug 26, 2011 4:48pm Aug 26, 2011 4:48pm
As mentioned previously it all comes down to the USD.
Capitulation could be on the cards to leave this channel if the USD gains on strength against the CHF. Besides that, short covering will aid the buying rally.
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 157 KB
  • #1,157
  • Aug 28, 2011 6:21pm Aug 28, 2011 6:21pm
Quoting halkins
Maybe it's better to sell your PUT on nearest down hill as it is worth something yet.
It will loose its value close to expiration date...
We shall see three weeks is alot of time for things to change and eu problems to come back into focus. And as you know when this pair falls it falls quickly. Despite the snb's well thought out intervention I still do not think it will hold up when fear grips the markets again on the next eu soap opera disaster. Observe the spx and the eur/usd closed near their highs for last week. We have yet to see this intervention tested by a real panic mode such as gripped the markets and forced the eur/chf down to parity originally. The market is taking a breather and we are not currently in a eu panic mode. I am betting on one before the fed meeting. If none occurs then I'll look to exit.

I would like to point out the snb has been intervening for a year and lost a billion in failed intervention. I think the pyschological hit of parity and peg made the intervention more resounding this time. But will it hold when the euro starts falling apart again?
  • #1,158
  • Aug 31, 2011 5:43am Aug 31, 2011 5:43am
Hi there!

So, as the economic uncertenity rules over the world this day, the EUR/CHF is coming back, after big corection, to its previous downtrend. As we can see from chart, we are having a doji candle, followed by long black corpus, which is a typical trend reversal pattern. It also occurred near mid term bearish trend line (red one) and could mean that we are back in the trend. Also RSI is getting bearish, same as stochastic. I will wait to end of the day to confirm this pattern (candle closure) and then go short.

Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: gg.jpg Size: 165 KB
  • #1,159
  • Aug 31, 2011 5:53am Aug 31, 2011 5:53am
Quoting Haqu

..... I will wait to end of the day to confirm this pattern (candle closure) and then go short......
All IMO :
1) You definitely need to wait till day end. Long TF PA helps all, better
2) My bias is Long to neutral as of now!@
3) If we see EURCHF @1.1770 now (currently slapped to 1.1660's), Bears will be brutally murdered again till new highs (1.2100 (first) probably)

I am watching the Current H1 Candle forming: Interesting rejection till now (we made days lows here)

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,160
  • Aug 31, 2011 5:58am Aug 31, 2011 5:58am
Yeah, i always wait for the day closure, in current panic movements on the market, we can still end the day with EUR/CHF at 1.1900 . Playing save, as the global economical situation is difficult.
2 traders viewing now