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EUR/CHF

  • #10,841
  • Aug 20, 2013 3:23am Aug 20, 2013 3:23am
Quoting brinks
{quote} I agree Holmes I'm not as bullish as you 1.30 or 50% fib of the big move down around 1.34 would do me nicely

According to my chart fibo time this month 22nd must be the start of a bullish trend, I might make a mistake for a day or two days though.
  • #10,842
  • Aug 20, 2013 3:25am Aug 20, 2013 3:25am
of course usdchf at .92 is so appealing as well.
  • #10,843
  • Aug 20, 2013 3:33am Aug 20, 2013 3:33am
Quoting holmes
of course usdchf at .92 is so appealing as well.
Smells like one big stop hunt to me
  • #10,844
  • Aug 20, 2013 5:23am Aug 20, 2013 5:23am
I'm liking the look of this PA today. I've been adding all the way down.
  • #10,845
  • Aug 20, 2013 6:29am Aug 20, 2013 6:29am
...added longs just below 123. I think market would not be so kind to give us 1223 soon
too many would get in even above
  • #10,846
  • Aug 20, 2013 6:46am Aug 20, 2013 6:46am
Quoting pipxster
...added longs just below 123. I think market would not be so kind to give us 1223 soon too many would get in even above

I totally agree, it doesn' seem getting lower but usdchf is great to long too.
  • #10,847
  • Aug 20, 2013 8:46am Aug 20, 2013 8:46am
If we can hold above 1.23 today then we may form a bottom here in the coming days.
If we close above 1.232 today then we will form a nice pin bar which is a good reversal sign.
  • #10,848
  • Aug 20, 2013 9:27am Aug 20, 2013 9:27am
Quoting Lover Man
If we can hold above 1.23 today then we may form a bottom here in the coming days. If we close above 1.232 today then we will form a nice pin bar which is a good reversal sign.
Its held up fairly well today considering usd/chf and usd/jpy are down and recently it has followed those pairs.
  • #10,849
  • Aug 20, 2013 11:45pm Aug 20, 2013 11:45pm
Quoting Lover Man
I'm liking the look of this PA today. I've been adding all the way down.
It doesn't look so good today as price is back to 1.23 level and looks like it wants to move lower. 1.228 has been resistance previously. Beyond this and we have a lower low and a lower high.
  • #10,850
  • Aug 21, 2013 12:15am Aug 21, 2013 12:15am
Quoting Lover Man
{quote} It doesn't look so good today as price is back to 1.23 level and looks like it wants to move lower. 1.228 has been resistance previously. Beyond this and we have a lower low and a lower high.

Yep lower levels coming I reckon
  • #10,851
  • Aug 21, 2013 12:32am Aug 21, 2013 12:32am
Quoting brinks
{quote} Yep lower levels coming I reckon

I actually disagree, lower levels don' seem possible.
  • #10,852
  • Aug 21, 2013 12:46am Aug 21, 2013 12:46am
Quoting holmes
{quote} I actually disagree, lower levels don' seem possible.
We will see Holmes it's still above the daily 200 so that may hold price up again but have had a couple of bearish crosses on smaller timeframes,I know doesn't mean a lot with this pair.
  • #10,853
  • Aug 21, 2013 2:38am Aug 21, 2013 2:38am
Here it comes
http://www.forexfactory.com/news.php?do=news&id=443399
11 percent on 1.23 means 1.35-1.4
  • #10,854
  • Aug 21, 2013 4:07am Aug 21, 2013 4:07am
Quoting holmes
Here it comes http://www.forexfactory.com/news.php?do=news&id=443399 11 percent on 1.23 means 1.35-1.4
Was that from the monthly statistical bulletin?

They probably said that they expect the rate to weaken over the next few quarters also
  • #10,855
  • Aug 21, 2013 11:27am Aug 21, 2013 11:27am
More news here - http://www.forexfactory.com/news.php?do=news&id=442911

So it looks like we'll form a small inside bar today [and on USDCHF too]. 1.23 held up a couple of times. So we had 4 days down and today it's stopped. Is this bullish - it definitely is not bearish.
  • #10,856
  • Aug 21, 2013 11:34am Aug 21, 2013 11:34am
Quoting Lover Man
More news here - http://www.forexfactory.com/news.php?do=news&id=442911 So it looks like we'll form a small inside bar today [and on USDCHF too]. 1.23 held up a couple of times. So we had 4 days down and today it's stopped. Is this bullish - it definitely is not bearish.

Not so fast there Lover Man we have FOMC on its way

Saying that eur/chf will probably only move 3 pips max
  • #10,857
  • Aug 21, 2013 11:49am Aug 21, 2013 11:49am
Quoting brinks
{quote} Not so fast there Lover Man we have FOMC on its way Saying that eur/chf will probably only move 3 pips max
Oh ok

Does the FOMC move the market - let's see.

A jump of 20 - 30 pips would be good. I might even go out for a steak to celebrate.
  • #10,858
  • Aug 21, 2013 12:29pm Aug 21, 2013 12:29pm
Quoting Lover Man
{quote} Oh ok Does the FOMC move the market - let's see. A jump of 20 - 30 pips would be good. I might even go out for a steak to celebrate.

I doubt it will make eur/chf move 3 pips
  • #10,859
  • Edited 4:00pm Aug 21, 2013 3:25pm | Edited 4:00pm
Quoting Lover Man
So it looks like we'll form a small inside bar today [and on USDCHF too]. 1.23 held up a couple of times. So we had 4 days down and today it's stopped. Is this bullish - it definitely is not bearish.
FOMC didn't do much - unfortunately - so no steak for me.

Still looks like an Inside Bar on D1 and PA is below the Simple 20 MA which looks flat.

On H4 there has been a touch of the Simple 20 MA from below. We need another 5 / 10 pips to close on / above this MA.

We're due an up day soon surely. Maybe I'll get that Steak tomorrow.

Edited: PA is below the 20 MA on D1
  • #10,860
  • Aug 22, 2013 2:00am Aug 22, 2013 2:00am
Finally some upward movement. R1 was breached and all PA has been above today's Pivot so far.

The D1 candle's high from yesterday has been taken out.

The last H4 candle closed above the Simple 20 MA and we see 4 green H4 candles.

As I am writing this price is heading back down. Hopefully the Pivot will hold today. Let's see.
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