There was a strong words from Putin earlier, that caused the big drop in EURCHF, USDJPY, UDSCHF, and indexes. After this Putin softening his words. Technically, the 1,2320-30 zone worked as support. I still wait for a better long entry. May be not today, rather monday morning.
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I'm hoping for a close above 1.235 today. A run up to S1 @ 1.2363 would be excellent.
where are the chartists? could you guys provide a new set of charts with your thoughts? that would be very helpful for me... mainly for daily, 4h and hourly charts...
want to know where you see the 200 day line, the limits of the triangle, channels, resistances on the upside, etc....
still got the feeling that the adjustment of my stop from 1.1999 to 1.2270 or so could be a good idea...
where are the chartists? could you guys provide a new set of charts with your thoughts? that would be very helpful for me... mainly for daily, 4h and hourly charts... want to know where you see the 200 day line, the limits of the triangle, channels, resistances on the upside, etc.... still got the feeling that the adjustment of my stop from 1.1999 to 1.2270 or so could be a good idea... Swissie
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Hey Swissie it is certainly trying to break 1.24 but it is a tough area isnt it.
I have the daily 200 EMA at 1.22820 area for me it needs to break 1.24330 to the upside.
Sorry cant post a chart as i have my platform on a VPS.
If it was me i would move my stop up to below 1.22
where are the chartists? could you guys provide a new set of charts with your thoughts? that would be very helpful for me... mainly for daily, 4h and hourly charts... want to know where you see the 200 day line, the limits of the triangle, channels, resistances on the upside, etc.... still got the feeling that the adjustment of my stop from 1.1999 to 1.2270 or so could be a good idea... Swissie
Hi Guys,
What a nice move we had these past few days...
I agree with what has been said before: we are at a key area, if we break & close above the 1.24, all doors are wide open. To me there are little hurdle left to stop the pair. Let's list these pros & cons:
Pressure for CHF to get stronger:
- Syria: to be put aside for the moment
- German election: as written before, not an event to me (OK maybe 30 to 40pips, not 100)
- Sluggish economy: China is doing OK again, indexes are sky rocketing...
- Even Greece is doing well
(note, the here above comment might not be my personal analyses, but market behave this way).
So, seriously, what could stop it to shot up? At the moment, I can only see one thing: a few other pairs are under strong resistance & the CHF can not make it alone, it needs the rest to follow suit.
Now, if USDJPY breaks above 101.00, then we will have this pair breaking 1.240 & probably 1.244. No major data to be released before Friday...
where are the chartists? could you guys provide a new set of charts with your thoughts? that would be very helpful for me... mainly for daily, 4h and hourly charts... want to know where you see the 200 day line, the limits of the triangle, channels, resistances on the upside, etc.... still got the feeling that the adjustment of my stop from 1.1999 to 1.2270 or so could be a good idea... Swissie
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My Chart:
We have a clear triangle on Daily chart, with 3 upper line touch and 3 lower line touch point. So the situation is ideal for break out. The yellow line is target price calculated from the triangle if we break out to north. My experienc: if we have another try to break out to upper without touching the lower line (black line in the chart), the upper breakout has higher probability.
Overbought on the 1 and 4hr maybe a little pullback. just trying to decide on a area to add what does everyone else think a break of 1.24330 or a drop to the 1.24 1.23500 area? and does the break of 1.24 open up the high of 1.26
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To me, the pair ought to take a breathing.. So a pull back on 1.24 / 1.2385 would be healthy before hitting the next rock pill. This to be done along with buddy JPY, who could take some strength on the 100.00.
No major data release today, hence, market should proceed with the trend.... This is.... UP
