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EUR/CHF

  • #11,241
  • Sep 30, 2013 10:56am Sep 30, 2013 10:56am
Quoting Willow
chf acts like refuge again
I'm hoping for an uninterrupted run down to 1.21 or lower. Where are you targeting Willow?
  • #11,242
  • Sep 30, 2013 6:01pm Sep 30, 2013 6:01pm
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
Yeah, like the end of earth is tomorrow. LMAO

The same rubbish, some still think that any big market move occurs out of the central banks willingness.

If someone like George Soros had "cheated" BOE in someway at a certain time and situation, some might think that it can become a basic to work on.

Like when a third division club beats a Top High Ranking Club once per life time, that means nothing.

BOJ decided when yen must weaken, the same can be with the SNB, FED, RBA, BOE and others.

The Central Banks are the only side that can control the market(its currency basically), and it's through agreements between each other. Wake Up People
Trade according to current market condition, not what you think would be.
  • #11,243
  • Sep 30, 2013 6:10pm Sep 30, 2013 6:10pm
On the upside, EC resistance turned to 1.2275-80(possibly tomorrow), breaking it will turn attention to 1.2300s and 1.2330s, breaking this too will pave the way to 1.2430s. On the downside, the no penetration of 1.2275-80 may turn EC down to 1.2150s and 1.2110s.
Trade according to current market condition, not what you think would be.
  • #11,244
  • Sep 30, 2013 6:12pm Sep 30, 2013 6:12pm
Quoting J.Clinton
{quote} there must be a price stability above 1.2305 first to start talking about 1.2330s, other than that is possibly the 1.2270s tomorrow and Friday the 1.2250s and 1.2235-40
This is what had happened actually.
Trade according to current market condition, not what you think would be.
  • #11,245
  • Oct 1, 2013 7:57am Oct 1, 2013 7:57am
opened new longs in 1.222 area...
  • #11,246
  • Oct 1, 2013 6:45pm Oct 1, 2013 6:45pm
Short 1.22629
  • #11,247
  • Oct 2, 2013 2:21am Oct 2, 2013 2:21am
Its all about the 1.22160 level if it gets tested today again it will probably break then no real reason why it shouldnt fall 100 pips to the 1.21160 area
  • #11,248
  • Oct 2, 2013 4:56pm Oct 2, 2013 4:56pm
Quoting brinks
Its all about the 1.22160 level if it gets tested today again it will probably break then no real reason why it shouldnt fall 100 pips to the 1.21160 area
Altough the war may not over for < 1.22 the first battle seems to be lost by bears ATM
  • #11,249
  • Oct 3, 2013 12:49am Oct 3, 2013 12:49am
Quoting pipxster
{quote} Altough the war may not over for < 1.22 the first battle seems to be lost by bears ATM

Yes it's a strong area

like you I added long on the touch of 1.22170 we will see what happens.
  • #11,250
  • Oct 3, 2013 1:24am Oct 3, 2013 1:24am
Quoting brinks
{quote} Yes it's a strong area like you I added long on the touch of 1.22170 we will see what happens.
I think 1.242 (question is when)
  • #11,251
  • Oct 3, 2013 2:33am Oct 3, 2013 2:33am
Quoting pipxster
{quote} I think 1.242 (question is when)
First target is 1,230x

This is the 200 EMA which was strong support, and it should be strong resistance

And there is a double bottom on H1 with neckline 1,2266. Teh first target of this formation is 1,2302, if we could break 1,2266 level.
  • #11,252
  • Oct 3, 2013 8:05am Oct 3, 2013 8:05am
Quoting J.Clinton
On the upside, EC resistance turned to 1.2275-80(possibly tomorrow), breaking it will turn attention to 1.2300s and 1.2330s, breaking this too will pave the way to 1.2430s. On the downside, the no penetration of 1.2275-80 may turn EC down to 1.2150s and 1.2110s.
It's testing 1.2275 right now and, yes Simon the 200EMA can also be a strong resistance.

I'm hoping to reload at dips again. Sigh, I've waited for 1 year for significant profits from EC.

I think scalping it the best strategy now, safer to scalp long. What do you guys think?
  • #11,253
  • Oct 3, 2013 10:14am Oct 3, 2013 10:14am
Quoting alaneth
{quote} It's testing 1.2275 right now and, yes Simon the 200EMA can also be a strong resistance. I'm hoping to reload at dips again. Sigh, I've waited for 1 year for significant profits from EC. I think scalping it the best strategy now, safer to scalp long. What do you guys think?
I dont think the big move to 1.30 is coming so yep long scalping sounds like a good idea alaneth

As a side note i wouldnt be surprised if the SNB are on the bid in usd/chf at 0.90000 and eur/chf at 1.22000
  • #11,254
  • Oct 3, 2013 4:51pm Oct 3, 2013 4:51pm
anyway nice (down)TL from 09.10 on H4 today we closed above it once and now exactly below
will add more if we close again above this TL on H4
  • #11,255
  • Oct 3, 2013 5:02pm Oct 3, 2013 5:02pm
anyone have an idea about usdchf what next for this i am long from 0.90049????
  • #11,256
  • Oct 3, 2013 10:22pm Oct 3, 2013 10:22pm
Quoting brinks
{quote} I dont think the big move to 1.30 is coming so yep long scalping sounds like a good idea alaneth As a side note i wouldnt be surprised if the SNB are on the bid in usd/chf at 0.90000 and eur/chf at 1.22000
Yes, I also think SNB may be bidding EC around 1.22 levels. Due to their peg to Euro they may buy EUR first, then diversify to other currencies. Have to look at their forex reserves to confirm this. Meanwhile the weekly SNB sight deposits cannot tell anything - small fluctuations only & people are not rushing to transfer their funds into CH. The US shutdown has no significant effect on EC. Italy's effect made it go close to 1.22. So was the Cyprus effect some time ago. 1.22 seems to be a very strong support & yes, SNB may be doing something there, so my next buy-on-dip will set around 1.22.
  • #11,257
  • Oct 3, 2013 10:27pm Oct 3, 2013 10:27pm
Quoting umair55
anyone have an idea about usdchf what next for this i am long from 0.90049????
It all depends on the period of the shutdown at the moment. Also to watch the debt ceiling deadline mid-Oct. A lot of uncertainties. I dare not speculate. Technicals don't work now for UC.

At the moment EURCHF is still the safe bet as the US crisis has no significant impact yet.
  • #11,258
  • Oct 4, 2013 12:10am Oct 4, 2013 12:10am
Hi guys,

I have a slightly different view in the present price evolution.
First of all, to me SNB will only be buying at 1.20, nothing before this! It already accumulated 70% of national GDP during last hit of the floor. It can not afford to buy more at every level, on top of what, the lower we go, the more traders will do this job for the SNB, as few people will be shorting the 1.22, or the 1.21 levels. Hence, they need to keep their full strength at the time the battle is really hot.

I don't see how the pair would react more the the Italian situation (purely political, no incidence on business and not part of the top 5 world economy) as compared to the US shutdown!! But for sure, people seek for safe currencies (CHF and to a lesser extend JPY). To be noted that both here above event will come to a 'positive' end in soon time!

For the pair, I favor a range between 1.222 and 1.228 over the coming couple of weeks. But, if we stay within this trading range too long and if 'situations' do not improve, the pair could drop by 1 level and come to 1.213.
More over, I still expect the USDJPY to go a little lower putting more pressure on the EC.

Now once of this is over.... we should see some moderate upside, going back to the 1.23x area (these looking at 1.3x areas are, at this stage, dreamers).
  • #11,259
  • Oct 4, 2013 12:23am Oct 4, 2013 12:23am
I wouldn't be surprised to see it head lower today with the weekend coming and no deal on the shutdown.

the longer it goes on and the closer to the debt ceiling we get the pressure will build on euro swissie.
  • #11,260
  • Oct 4, 2013 1:58am Oct 4, 2013 1:58am
Situation is simple.
Swiss bank is fighting with strong CHF, and they can print CHF as much as they want. It is only virtual digital money.
Later if the world will be selling CHF, Swiss bank will be buying CHF (to keep currency rate) and they will just press button DELETE. Will be as before.
:-)
If CHF would be too weak, THAT would be a problem!

and all these happens because there is no gold standard!

I`m always long. ;-)
cheers
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