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EUR/CHF

  • #3,801
  • Mar 23, 2012 9:22am Mar 23, 2012 9:22am
Would love to see 12020-12030 on this pair. Any ways, long from here is a decent trade, great RnR.
Adam
  • #3,802
  • Mar 23, 2012 9:23am Mar 23, 2012 9:23am
TP 1.2150 and above
  • #3,803
  • Mar 23, 2012 9:27am Mar 23, 2012 9:27am
Quoting Fx-gtg
I just went long on this pair at 1.2050.
so expect this pair to break 1.20 level soon.
You already long @ 1.2050 and you want it to break 1.20? Doesn't sound right to me?
  • #3,804
  • Mar 23, 2012 9:28am Mar 23, 2012 9:28am
Quoting Fx-gtg
TP 1.2150 and above
Only with SNB help....
  • #3,805
  • Mar 23, 2012 9:29am Mar 23, 2012 9:29am
Quoting Tkgod4fx
Would love to see 12020-12030 on this pair. Any ways, long from here is a decent trade, great RnR.

Same here although I have a few longs...still holding it since Jan 2012.
  • #3,806
  • Mar 23, 2012 9:30am Mar 23, 2012 9:30am
Quoting multi888
You already long @ 1.2050 and you want it to break 1.20? Doesn't sound right to me?
i dont want it to break 1.20, in fact i want a huge spike up or snb raising the floor.
I said that cause most time i trade other that eur/usd things move against me
  • #3,807
  • Mar 23, 2012 9:46am Mar 23, 2012 9:46am
Quoting Fx-gtg
i dont want it to break 1.20, in fact i want a huge spike up or snb raising the floor.
I said that cause most time i trade other that eur/usd things move against me
Ok, we are all in the same boat.
  • #3,808
  • Mar 23, 2012 10:18am Mar 23, 2012 10:18am
1.2040 next to take stops near to it

Than who knows where
It will be in 4-10 pips range for next week if it doesn't break cap 1.2060 than 1.2080

Without SNB this pair is for scalping for small pips only.
  • #3,809
  • Mar 23, 2012 10:42am Mar 23, 2012 10:42am
So, inside our heart we all know what is happening, we hold long positions for the fear of miss the opportunity, but the chart speak, and speak clearly to those who know his language.
What will happen, next week will continue to be a small range downtrend, probably reaching 1.2030-1.2020 area. The week after, we'll see another spike, probably to 1.2070-2080 area, and the consolidation again. The week after, the real party will begin, and I mean the real one.
Some will take the profits too early, some will sell along the way, some will hold the longs.
We've waited months, now we are at a point where only a few weeks are left before the party begin, have patience, enjoy life in the meantime, the swap is just 0.15 Pips everyday, it's not all that expensive, have a great weekend
  • #3,810
  • Mar 23, 2012 11:00am Mar 23, 2012 11:00am
Quoting tunera
So, inside our heart we all know what is happening, we hold long positions for the fear of miss the opportunity, but the chart speak, and speak clearly to those who know his language.
What will happen, next week will continue to be a small range downtrend, probably reaching 1.2030-1.2020 area. The week after, we'll see another spike, probably to 1.2070-2080 area, and the consolidation again. The week after, the real party will begin, and I mean the real one.
Some will take the profits too early, some will sell along the way, some will hold the...
Hope the Holy Jesus Christ and all the existing Gods spoken now from your keyboard



(got +0,03 daily swap)
  • #3,811
  • Mar 23, 2012 1:58pm Mar 23, 2012 1:58pm
23-Mar-2012

ZURICH (Dow Jones)--Half the companies surveyed by the Swiss National Bank said their profitability is suffering due to the strength of the franc, but many also said the imposition of a ceiling on the currency against the euro last year has helped reduce uncertainty, making planning easier.

"In all sectors of the Swiss economy, margins were judged to be lower than usual, although this view was held by fewer respondents than in the previous quarter," the SNB said Friday in its latest quarterly report, which surveyed 243 Swiss companies.

Some industrial manufacturers still regard the current exchange-rate of around 1.2050 francs per euro as critical, the survey showed. What's more, they said their situation would deteriorate further if sales volumes were to come under the same pressure as margins, the SNB said.

This assessment is in line with the machinery industry lobby group Swissmem, which last month said companies are being forced to lower export prices to maintain market share, particularly in the euro zone, and this was pushing more than a third of its export-sector members into operational losses.

"Tougher competition, flagging demand and the sustained strength of the franc are cited as the main reasons for shrinking margins," the SNB said.

The Swiss central bank set its CHF1.20-per-euro cap in September to check the sharp appreciation of the franc, and while directorate member Jean-Pierre Danthine said Thursday this had provided some relief for businesses, the currency's value on foreign-exchange markets remains high.

Still, there are growing signs that the Swiss economy is stabilising, Danthine said, with the country sustaining gross domestic product growth into the fourth quarter, when many analysts had forecast a contraction.

The KOF economic institute Friday raised its forecast for Swiss GDP growth this year, and said the economy had managed to avert a recession, largely because of strong foreign demand for the country's pharmaceuticals and watches.
  • #3,812
  • Mar 23, 2012 4:45pm Mar 23, 2012 4:45pm
Day dreaming will not stop
one day it will reach .. blah blah
Not going any where, Swiss economy is doing much much better than EU economy and all the indicators are pointing higher, GDP forecast raised

What is the one reason which everyone including me to raise the floor or big movement in this pair.

My bet is 27th April may bring some movement when new president will be elected and till than pair will behave like this.

No new measures announced to weak Franc by any means.

Let's C who will be new president and what he says in first speech

Till than all luck which is needed for floor to be maintained
  • #3,813
  • Mar 23, 2012 5:04pm Mar 23, 2012 5:04pm
Quoting coolkaps4u
Day dreaming will not stop
one day it will reach .. blah blah
Not going any where, Swiss economy is doing much much better than EU economy and all the indicators are pointing higher, GDP forecast raised

What is the one reason which everyone including me to raise the floor or big movement in this pair.

My bet is 27th April may bring some movement when new president will be elected and till than pair will behave like this.

No new measures announced to weak Franc by any means.

Let's C who will be new president and what he says in first...
Soo much pessimism, you are free to stay flat untill 27th april of course, but i think the water is getting hot more fast than forecasted, the end of trading week was very interesting, and regardless the fact that the markets are closed, right now there is still soo much volatility in the pair, a condition very unusual.
Enjoy weekend!
  • #3,814
  • Mar 23, 2012 5:36pm Mar 23, 2012 5:36pm
Quoting coolkaps4u
Day dreaming will not stop
one day it will reach .. blah blah
Not going any where, Swiss economy is doing much much better than EU economy and all the indicators are pointing higher, GDP forecast raised
If they can get this much growth at 1.20 imagine what they could achieve with the floor at 1.25 or 1.30!! Time to move it up!

Seriously though, this might account for some of the better numbers of late:

http://genevalunch.com/blog/2012/03/...swiss-exports/
  • #3,815
  • Mar 24, 2012 12:48am Mar 24, 2012 12:48am
what you guys think??
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.png Size: 31 KB
  • #3,816
  • Mar 24, 2012 1:50am Mar 24, 2012 1:50am
That reversal signal is wrong, japanese candlestick signals are not to be taken seriously anytime and anywhere.
However, the volatility during the weekend is still soo high, looks like there is no weekend for eurchf, absolutely strange, the pair continue to oscillate on a downward 5-6 pips range, maybe the next week will see some real action.
At this point, the floor is to get broken or the market will make new highs, i doubt it will stay in little range trading anymore.
Time is coming! There is tension in the air

That would be good to see some hundred pips up-gap on moonday
  • #3,817
  • Mar 24, 2012 2:52am Mar 24, 2012 2:52am
Quoting tunera
Soo much pessimism, you are free to stay flat untill 27th april of course, but i think the water is getting hot more fast than forecasted,
at this point i think the only opportunity of an intervention is if the chart approaches 1,2 as far as it can. i think zurich buru wakes up at near to 2020.
  • #3,818
  • Mar 24, 2012 2:59am Mar 24, 2012 2:59am
Quoting worsttrader
at this point i think the only opportunity of an intervention is if the chart approaches 1,2 as far as it can. i think zurich buru wakes up at near to 2020.
Look the picture, the market have closed approximately on the red line, and see, from that moment to now, there is still strong activity, i don't really know why but the price is still moving even if market is closed, there are still transactions happening, it looks like it is a normal trading day, but it's saturday. Usually all currencies are damn flat on weekend, some activity start just in the sunday evening before asian open, but not this week.
Let's see what happen...


Edit: Naa it's me i'm just getting crazy with this eurchf, all pairs move a little bit during weekends, nevermind
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf weekend.gif Size: 55 KB
  • #3,819
  • Mar 24, 2012 3:16am Mar 24, 2012 3:16am
Quoting tunera
Look the picture,
yeah, interbank trading has no affect on retail trading at all.
  • #3,820
  • Mar 24, 2012 7:18am Mar 24, 2012 7:18am
Quoting worsttrader
yeah, interbank trading has no affect on retail trading at all.
where we can get interbank quote during weekend?
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