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EUR/CHF

  • #10,681
  • Jul 2, 2013 9:06am Jul 2, 2013 9:06am
The direction is good. We are eating slowly sell orders.

We need to go above 1,2418 to get some momentum.

Today close is important.
  • #10,682
  • Jul 2, 2013 9:09am Jul 2, 2013 9:09am
Quoting Simon73
The direction is good. We are eating slowly sell orders. We need to go above 1,2418 to get some momentum. Today close is important.
i hate the way it pushes up then gets sold off straight away leaving nasty wicks on the candles like now
  • #10,683
  • Jul 2, 2013 9:23am Jul 2, 2013 9:23am
So, people, removing myself to a Mozambican beach for a couple of weeks didn't change much.

  1. The pair is back around where it was when I left;
  2. JohnBoy Clinton is still entertaining us with his opinions (can't follow most of it); and
  3. a couple more analysts are seeing a bright future for our longs.

As someone said in a recent post: it's a waiting game. At least I got a bit of a tan in the meantime.

PK
[still long @1,23]

  • #10,684
  • Jul 2, 2013 10:50am Jul 2, 2013 10:50am
Could that be rally over?

It has stopped right at 38.2 fib of the down move from 1.26491
  • #10,685
  • Jul 2, 2013 12:10pm Jul 2, 2013 12:10pm
Quoting brinks
Could that be rally over? It has stopped right at 38.2 fib of the down move from 1.26491

oh, no brinks. if u want to add longs today is the right time.
  • #10,686
  • Edited 1:37pm Jul 2, 2013 1:11pm | Edited 1:37pm
Quoting holmes
{quote} oh, no brinks. if u want to add longs today is the right time.
Hi holmes i would of added on a close above 1.23630 but it doesnt look like it is going to today.

Portugal could be adding the pressure to eur/chf.

And the close today doesnt look very good.
  • #10,687
  • Jul 2, 2013 3:24pm Jul 2, 2013 3:24pm
Jordan should be asked for resign and Kuroda must be imported to Zurich right now (just off from the uj surf with a couple of hundred pips)
  • #10,688
  • Jul 3, 2013 12:04am Jul 3, 2013 12:04am
Quoting pipxster
Jordan should be asked for resign and Kuroda must be imported to Zurich right now (just off from the uj surf with a couple of hundred pips)

yep they won't have a substantially weaker Swiss franc against the euro unless they do more and hoping it continues to weaken over the next few quarters with all that's going on at the moment won't work unless they do more.
  • #10,689
  • Jul 3, 2013 1:13am Jul 3, 2013 1:13am
It seems it want another low (hopefully higher) before go up


Levels:
- 1,2320-1,2330
-1,2290-1,2300
- 1,2280
-1,2250
- 1,2220
  • #10,690
  • Jul 3, 2013 2:14am Jul 3, 2013 2:14am
Quoting Simon73
It seems it want another low (hopefully higher) before go up Levels: - 1,2320-1,2330 -1,2290-1,2300 - 1,2280 -1,2250 - 1,2220

I was just about to say considering everything thats going on its holding up well

big fall on the cards today
  • #10,691
  • Jul 3, 2013 2:24am Jul 3, 2013 2:24am
Quoting brinks
{quote} I was just about to say considering everything thats going on its holding up well big fall on the cards today
Yes, but it is a buying opportunity. The best would be 1,2220
  • #10,692
  • Edited 9:16am Jul 3, 2013 2:26am | Edited 9:16am
Quoting Simon73
{quote} Yes, but it is a buying opportunity. The best would be 1,2220
yes i agree i will be adding all the way down after all this noise is done should move up again.

I will be watching the daily 200 EMA now roughly 1.22400 it has held price recently on every test.

I think the eur/chf is holding up well considering the eur/jpy has had a 220 pip fall today.
  • #10,693
  • Jul 3, 2013 10:38am Jul 3, 2013 10:38am
http://www.fxbriefs.com/forex/forex-...blame-the-snb/

Another rumour.

So if SNB want to change something they need to do more like BOJ.

When SNB introduced floor, there was US bank holiday

Tomorow is US bank holiday too
  • #10,694
  • Jul 3, 2013 10:54am Jul 3, 2013 10:54am
Quoting Simon73
http://www.fxbriefs.com/forex/forex-...blame-the-snb/ Another rumour. So if SNB want to change something they need to do more like BOJ. When SNB introduced floor, there was US bank holiday Tomorow is US bank holiday too
I'm the same as jaime on that one there has been so many rumours why after 2 years and with price comfortably away from 1.20 why would they do anything?
  • #10,695
  • Jul 3, 2013 10:57am Jul 3, 2013 10:57am
Quoting brinks
{quote} I'm the same as jaime on that one there has been so many rumours why after 2 years and with price comfortably away from 1.20 why would they do anything?
Because they have a lot of reverse,

and Fed starting to tapering september-december this year.

So the USD is strengthen. And eur strengthe too (look euraud, eurnzd, eurcad, eurjpy, eurnok etc.)

So this is good situation to do more for accelerated chf selling
  • #10,696
  • Jul 3, 2013 11:03am Jul 3, 2013 11:03am
Quoting Simon73
{quote} Because they have a lot of reverse, and Fed starting to tapering september-december this year. So the USD is strengthen. And eur strengthe too (look euraud, eurnzd, eurcad, eurjpy, eurnok etc.) So this is good situation to do more for accelerated chf selling
Ok thanks i dont see how they are going to use the reserves they have to weaken the chf
  • #10,697
  • Jul 3, 2013 11:15am Jul 3, 2013 11:15am
Quoting brinks
{quote} Ok thanks i dont see how they are going to use the reserves they have to weaken the chf
First they have to weaken chf. Then they could decrease they reserve
  • #10,698
  • Jul 3, 2013 11:35am Jul 3, 2013 11:35am
Quoting Simon73
{quote} First they have to weaken chf. Then they could decrease they reserve
yes we will see i doubt they will do anything.
  • #10,699
  • Jul 3, 2013 2:54pm Jul 3, 2013 2:54pm
Quoting brinks
{quote} yes we will see i doubt they will do anything.
I agree with brinks. The Swiss are very pragmatic and conservative. They won't change a policy that works and take adventurous risks just for the sake of accelerating CHF devaluation when they are not hard pressed to do so. Look at how they are dealing with the banking secrecy. Nothing goes unless you put a gun to their heads - and even then they may stay stubborn. And Jordan is veeeeeery Swiss. And his policy works. Nothing will happen unless 1.20 is genuinely threatened or until CHF remains above 1.30 for several months with the EZ and US recovering for good. Believe me, that's the way they tick. Trade well!
  • #10,700
  • Jul 4, 2013 12:11am Jul 4, 2013 12:11am
Quoting Bluedolphin
{quote} I agree with brinks. The Swiss are very pragmatic and conservative. They won't change a policy that works and take adventurous risks just for the sake of accelerating CHF devaluation when they are not hard pressed to do so. Look at how they are dealing with the banking secrecy. Nothing goes unless you put a gun to their heads - and even then they may stay stubborn. And Jordan is veeeeeery Swiss. And his policy works. Nothing will happen unless 1.20 is genuinely threatened or until CHF remains above 1.30 for several months with the EZ and...

Unless like Simon73 said they are getting worried about the amount of reserves they are holding and want the franc a lot weaker so they can offload a lot they bought at 1.20
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