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EUR/CHF

  • #11,221
  • Edited 9:07am Sep 27, 2013 6:30am | Edited 9:07am
Quoting alaneth
Now the market is immune to SNB's speeches and their determination to weaken the CHF. Speeches & publications from SNB hold less weight for trading fluctuations for now. It breached the 200EMA deeply, last seen early April. Sentiment wise, this last post SNB policy only reinforces the opposite of a gradual weakening of CHF. The 'Utmost determination' may draw traders' interest again to test SNB's floor - for fun . So it's true that J.Clinton says - even God don't know how the EC works...... no fundamentals or technicals or sentiment trading. Who...

It certainly looks that way at the moment alaneth.

Next stop 1.22170,1.21340 then 1.20000.

Maybe its the SNB offloading some of the reserves built up.

Nasty looking weekly candle its smashed straight through the 55ema.
  • #11,222
  • Sep 29, 2013 2:20am Sep 29, 2013 2:20am
So the Italian government has broken up.

probably a gap down at market open and a move back to 1.20
  • #11,223
  • Sep 29, 2013 4:16am Sep 29, 2013 4:16am
Hey,

look at corelation with Eur/Usd; From what I see:

1. Eur/Usd will smash down like hell.
2. Or Eur/Chf will go up.

COT data says that heavy clouds are forming.
  • #11,224
  • Sep 29, 2013 4:27am Sep 29, 2013 4:27am
Quoting paul-fx
Hey, look at corelation with Eur/Usd; From what I see: 1. Eur/Usd will smash down like hell. 2. Or Eur/Chf will go up. COT data says that heavy clouds are forming.

Hi Paul-fx are you saying you think euro dollar is gonna be sold heavily and euro swissie will go up?

I think the swiss franc is the ultimate safe haven even above the yen and with all thats going on in italy and the us debt ceiling euro swissie is going to head back to the 1.20 area
  • #11,225
  • Sep 30, 2013 3:26am Sep 30, 2013 3:26am
Quoting brinks
{quote} Hi Paul-fx are you saying you think euro dollar is gonna be sold heavily and euro swissie will go up? I think the swiss franc is the ultimate safe haven even above the yen and with all thats going on in italy and the us debt ceiling euro swissie is going to head back to the 1.20 area
So with price rising slightly now where is a good place to start taking Shorts?
  • #11,226
  • Sep 30, 2013 3:34am Sep 30, 2013 3:34am
Quoting Lover Man
{quote} So with price rising slightly now where is a good place to start taking Shorts?
Friday close (gap filling)? 1,2246
  • #11,227
  • Sep 30, 2013 5:02am Sep 30, 2013 5:02am
Quoting Lover Man
{quote} So with price rising slightly now where is a good place to start taking Shorts?

Sorry only just read this yes as simon73 said a gap close short but it doesnt look like the gap is going to close.

The question i have is

is it going to get all the way back to 1.20?
And will the SNB start any verbal intervention?
  • #11,228
  • Sep 30, 2013 5:18am Sep 30, 2013 5:18am
Quoting brinks
{quote} Sorry only just read this yes as simon73 said a gap close short but it doesnt look like the gap is going to close. The question i have is is it going to get all the way back to 1.20? And will the SNB start any verbal intervention?
this time.... if any price goes there then i think SNB will fail to defend that level that bring SNB in collapse soon...hahaha
Bismillah
  • #11,229
  • Sep 30, 2013 5:34am Sep 30, 2013 5:34am
Quoting krunfx
{quote} this time.... if any price goes there then i think SNB will fail to defend that level that bring SNB in collapse soon...hahaha
Hi krunkfx why do you think the SNB would fail to hold 1.20

having been under serious pressure in the past they managed to hold the line
  • #11,230
  • Sep 30, 2013 5:42am Sep 30, 2013 5:42am
Quoting brinks
{quote} Hi krunkfx why do you think the SNB would fail to hold 1.20 having been under serious pressure in the past they managed to hold the line
if u know how the behavior of speculative attack..than u will agree with me
Bismillah
  • #11,231
  • Sep 30, 2013 5:49am Sep 30, 2013 5:49am
SNB will certainly hold the 1.2 floor. They have done this before and definitely have the ability to do this again. I think this week will actually be an opportunity to buy on the lows. Once the debt ceiling is sorted and the media hype of the Italian parliament is over EC will start to rise again...
  • #11,232
  • Sep 30, 2013 5:53am Sep 30, 2013 5:53am
Quoting njr
SNB will certainly hold the 1.2 floor. They have done this before and definitely have the ability to do this again. I think this week will actually be an opportunity to buy on the lows. Once the debt ceiling is sorted and the media hype of the Italian parliament is over EC will start to rise again...
yes they have ability....but if u remember what speculator done with black wednesday then... u should scare.hahaha
Bismillah
  • #11,233
  • Sep 30, 2013 5:57am Sep 30, 2013 5:57am
Quoting krunfx
{quote} yes they have ability....but if u remember what speculator done with black wednesday then... u should scare.hahaha

Isnt that the point though

The SNB can print all they like to hold the 1.20 level

but in the case of the bank of england they were trying to strengthen the pound
  • #11,234
  • Sep 30, 2013 6:00am Sep 30, 2013 6:00am
Quoting brinks
{quote} Isnt that the point though The SNB can print all they like to hold the 1.20 level but in the case of the bank of england they were trying to strengthen the pound

they just verbal......they cant print if switzerland in inflation....if they print so then they cant control it soon
Bismillah
  • #11,235
  • Sep 30, 2013 6:07am Sep 30, 2013 6:07am
Quoting krunfx
{quote} they just verbal......they cant print if switzerland in inflation....if they print so then they cant control it soon
Inflation is still pretty weak to flat so i dont think they will be worried just yet but i agree it is something to think about
  • #11,236
  • Sep 30, 2013 6:09am Sep 30, 2013 6:09am
Quoting brinks
{quote} Inflation is still pretty weak to flat so i dont think they will be worried just yet but i agree it is something to think about
but of course when eurchf below 1.2100... SNB and speculation will resurface again
Bismillah
  • #11,237
  • Sep 30, 2013 6:22am Sep 30, 2013 6:22am
unnecessary scare mongering.....

I see only opportunities in the coming week or so :-)
  • #11,238
  • Sep 30, 2013 9:06am Sep 30, 2013 9:06am
Quoting Simon73
{quote} Friday close (gap filling)? 1,2246
Ok I am now in.
  • #11,239
  • Sep 30, 2013 9:09am Sep 30, 2013 9:09am
chf acts like refuge again
I'll shop after the drop
  • #11,240
  • Sep 30, 2013 10:33am Sep 30, 2013 10:33am
1.2265 is nice to close the month.
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