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EUR/CHF

  • #1,641
  • Nov 24, 2011 11:54am Nov 24, 2011 11:54am
Quoting dimitri
http://www.wavaholic.com/2011/09/eur...mber-2011.html

Thank's so much Dimitri, you're a king

So, no drop before, but a nice up move
  • #1,642
  • Nov 24, 2011 12:27pm Nov 24, 2011 12:27pm
Before intervention the market was quite stable without any special movement. At the first hour of intervention, it went up around only 70 pips, and it took around 5 hours to reached 1.2000 level. Contrary to BOJ intervention that the beginning of their intervention was so quick and the last part of intervention was more slowly, SNB intervention started gradually and after a 4 hours that rocketed up! so, it gives us more time to enter into the market.

If they want to intervene, it doesn't make sense that they postpone it to the next year. they should intervene before Christmas and new year to make their export cheaper and use their comparative advantages to boost their economy. So, the best time for intervention is at least one month before the new year. If they don't intervene during these days, I think they wont intervene in near future.
  • #1,643
  • Nov 24, 2011 3:13pm Nov 24, 2011 3:13pm
In my humble opinion the SNB will intervene when the time is right.
At the moment their is so much pressure on the EUR and the USD seems to struggle to rally so why work against the flow?
Also to make an successful intervention the other CB's such as FED and the ECB need to be on-board and right now that is maybe not the case.
So really it does not matter when and how they intend to intervene, I rather build up a long position when there is an opportunity and wait for the aha moment.
  • #1,644
  • Nov 24, 2011 4:28pm Nov 24, 2011 4:28pm
Quoting Pipstrumpf
In my humble opinion the SNB will intervene when the time is right.
At the moment their is so much pressure on the EUR and the USD seems to struggle to rally so why work against the flow?
Also to make an successful intervention the other CB's such as FED and the ECB need to be on-board and right now that is maybe not the case.
So really it does not matter when and how they intend to intervene, I rather build up a long position when there is an opportunity and wait for the aha moment.

Can some one help me here that at what all times have the SNB intervened in the EUR/CHF...

TIme and dates on the charts.. or a website link could help a lot indeed,
  • #1,645
  • Nov 24, 2011 10:34pm Nov 24, 2011 10:34pm
Quoting farhaj
Can some one help me here that at what all times have the SNB intervened in the EUR/CHF...

TIme and dates on the charts.. or a website link could help a lot indeed,
google is ur friend, just google it!
  • #1,646
  • Nov 25, 2011 1:59am Nov 25, 2011 1:59am
Fed up waiting for CHF, changed tactics and gone over to JPY, at least there is movement with them, (not a lot mind).
  • #1,647
  • Nov 25, 2011 2:05am Nov 25, 2011 2:05am
True...look at USD/CHF, its up up and away. Look like we are heading into deep south soon.
  • #1,648
  • Nov 25, 2011 3:32am Nov 25, 2011 3:32am
Quoting multi888
True...look at USD/CHF, its up up and away. Look like we are heading into deep south soon.
Mind you the doller is going up, has been for the last few days
  • #1,649
  • Nov 25, 2011 3:37am Nov 25, 2011 3:37am
Market talk that the SNB is active in swaps market - unconfirmed
  • #1,650
  • Edited 6:38am Nov 25, 2011 3:37am | Edited 6:38am



Edit : Breakdown... This pair only knows one direction !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.JPG Size: 53 KB
  • #1,651
  • Nov 25, 2011 7:42am Nov 25, 2011 7:42am
FXstreet.com (Barcelona) - The pair is trading in red figures, as happened for the last five trading days amid increasing concerns about the euro zone, derived from the alarming high yields seen in today’s auctions in spanish and italian bonds, the latter posting new euro-era records in the 6m, 5yr and 10yr versions.

In the same direction, the swiss franc has resumed its appreciation against the single currency, awaking concerns among the exporters, as their profit margins are being increasingly squeezed. Comments by Switzerland’s Economics Minister stated that the outlook for the domestic economy remains uncertain and he expects an even slower growth pace and an increase in the unemployment.

There has been a sustained period of consolidation above the 200-day MA, and the market is expected to breakdown eventually.
As of writing, the pair is down 0.17% at 1.2252
The support levels are at 1.2238 (MA 200d), then 1.2212 (low Nov.7), ahead of the psychological level of 1.2200 and 1.2130 (low Nov.3).
On the upside, the first hurdle stands at 1.2292 (high Nov.25), 1.2317 (high Nov.24), 1.2354 (high Nov.23) and 1.2388 (high Nov.22).
  • #1,652
  • Nov 25, 2011 7:45am Nov 25, 2011 7:45am
Quoting multi888
FXstreet.com (Barcelona) - The pair is trading in red figures, as happened for the last five trading days amid increasing concerns about the euro zone, derived from the alarming high yields seen in ce and an
The support levels are at 1.2238 (MA 200d), then 1.2212 (low Nov.7), ahead of the psychological level of 1.2200 and 1.2130 (low Nov.3).
On the upside, the first hurdle stands at 1.2292 (high Nov.25), 1.2317 (high Nov.24), 1.2354 (high Nov.23) and 1.2388 (high Nov.22).

Thanks for your contribution. This is blabla and not worth much.
If you watch a live chart, you know what is going on.

Looks like we are seeing a small sign of strength coming from Switzerland.
  • #1,653
  • Nov 25, 2011 7:55am Nov 25, 2011 7:55am
What's happening ?

Any news ?

Edit : Happy
  • #1,654
  • Nov 25, 2011 8:01am Nov 25, 2011 8:01am
Quoting Doc'
What's happening ?

Any news ?

Edit : Happy

Buy buy BUy Buy!
  • #1,655
  • Nov 25, 2011 8:02am Nov 25, 2011 8:02am
Friday afternoon...can it be?
Dinner from SNB?

Any news?
  • #1,656
  • Nov 25, 2011 8:06am Nov 25, 2011 8:06am
Quoting mccoy
Friday afternoon...can it be?
Dinner from SNB?

Any news?
Why not !?

Something is cooking, for sure
  • #1,657
  • Nov 25, 2011 8:08am Nov 25, 2011 8:08am
  • #1,658
  • Nov 25, 2011 8:08am Nov 25, 2011 8:08am
Quoting mccoy
Friday afternoon...can it be?
Dinner from SNB?

Any news?
Friday makes sense. Broad daylight is very bold though.
Nevertheless, some london bears get hurt, if this now is
the intervention or not.
  • #1,659
  • Nov 25, 2011 8:11am Nov 25, 2011 8:11am
Zerohedge says their's an SNB announcement coming up shortly.
  • #1,660
  • Nov 25, 2011 8:14am Nov 25, 2011 8:14am
This is what everyone is waiting for, right?
Goodluck to everyone...hope this rally can sustain.
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