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EUR/CHF

  • #11,281
  • Edited 11:38am Oct 8, 2013 9:16am | Edited 11:38am
I wonder if Thomas Jordan is going to drop a bomb and make eur/chf rocket up

Obviously not

SNB’s Jordan says hasn’t intervened on franc cap in over a year
Adam Button
I don’t believe we’ve heard that line before. I thought the SNB preferred to leave it ambiguously.
Otherwise, it’s all the regular platitudes

  1. SNB stands ready to take further measures as needed
  2. Central bank stands ready to enforce cap
  3. EUR/CHF floor is the right tool for ensuring price stability
  4. Risks to the world economy on the downside

If this nonsense in the US continues, you can expect the SNB will be tested again as the market buys francs in search of a safe haven

  • #11,282
  • Oct 8, 2013 1:20pm Oct 8, 2013 1:20pm
3 Fails at the 1.23 area and all the rubbish in USA still going on a big down day tomorrow maybe?
  • #11,283
  • Oct 8, 2013 1:57pm Oct 8, 2013 1:57pm
With mostly positive CHF macro, the pair isn't going to soar high anytime soon.
  • #11,284
  • Oct 8, 2013 2:14pm Oct 8, 2013 2:14pm
Quoting enivid
With mostly positive CHF macro, the pair isn't going to soar high anytime soon.
I do not see any correlation between CHF macro and EURCHF price.

I rather see a correlation between Risk On/Risk Off enviroment, and EURCHF price.
  • #11,285
  • Oct 9, 2013 4:16am Oct 9, 2013 4:16am
chf is weakening :-)
  • #11,286
  • Oct 10, 2013 2:10am Oct 10, 2013 2:10am
Considering what is going on eur/chf is well bid for the moment.

Anyone else think that if the USA get sorted out it may head for the high of the year?
  • #11,287
  • Oct 10, 2013 2:20am Oct 10, 2013 2:20am
Quoting brinks
Considering what is going on eur/chf is well bid for the moment. Anyone else think that if the USA get sorted out it may head for the high of the year?
Hi Brinks, IMHO:
- If no agreement on debt & if real default: the pair hit the floor (1.2000) & it would be a difficult fight to keep it
- If agreement on budget & debt: back to previous range 1.228 - 1.238 (maybe 1.244).

I agree the pair is well bid given the present circumstances, but avoiding a disaster will not allow it to fly to new highs.

At the moment, the key resistance to me is 1.2314. A daily close above this would bring us the range I mentioned here above.
  • #11,288
  • Oct 10, 2013 2:21am Oct 10, 2013 2:21am
if usd will be stronger then usd/chf pulls up eur/chf....i think
  • #11,289
  • Oct 10, 2013 2:28am Oct 10, 2013 2:28am
Quoting brinks
Considering what is going on eur/chf is well bid for the moment. Anyone else think that if the USA get sorted out it may head for the high of the year?
The rumors of a resolution seem to be working. If they actually sort out an agreement today then EURCHF will most certainly rise. Not sure it will hit the high of the year but definitely pop a few resistance levels. If this happens I will try to jump on for the ride. On the other hand, if they still tussle in the next few days I see EURCHF pulling back and I will try to reload around the 1.2340-50 level. I would then expect they sort it out before the 17th and we see the pop then...
  • #11,290
  • Oct 10, 2013 2:35am Oct 10, 2013 2:35am
@ PhilouFX,daka and njr

Thanks we are all thinking along the same lines by the look of it.
  • #11,291
  • Oct 10, 2013 2:38am Oct 10, 2013 2:38am
http://www.bloomberg.com/news/2013-1...-u-s-deal.html
  • #11,292
  • Oct 10, 2013 4:43am Oct 10, 2013 4:43am
buy on rumor and sell on fact
  • #11,293
  • Edited Oct 11, 2013 12:38am Oct 10, 2013 8:59am | Edited Oct 11, 2013 12:38am
10,21 ema cross on the daily about to happen depending on today's price action.
  • #11,294
  • Oct 15, 2013 5:45am Oct 15, 2013 5:45am
Spotted a nice little false break of the inside bars earlier today. Definitely looks bullish at the moment. Few more bull candles and i'll be a happy chappy.

Attached Image (click to enlarge)
Click to Enlarge Name: eurchfh4.png Size: 39 KB
  • #11,295
  • Oct 16, 2013 2:36pm Oct 16, 2013 2:36pm
1,236 hard nut...maybe in asia today anyone?
  • #11,296
  • Oct 16, 2013 4:03pm Oct 16, 2013 4:03pm
Wow

Massive spike up of almost 10 points in just a few seconds. Anyone know why?
  • #11,297
  • Edited 2:33am Oct 17, 2013 2:08am | Edited 2:33am
Quoting pipxster
1,236 hard nut...maybe in asia today anyone?
That will be a no then pip.

We have had a few EMA crosses the 34,55 have crossed the 200 on the 4 hour and 34 is about to cross the 55 on the daily so it looks bullish but it is also overbought on the daily.

looks like usd/jpy and usd/chf are being faded also so maybe a bit of downside consolidation coming.

It may even make a lower high here and follow the downtrend line from the 1.24640 high

As ever buy dips
  • #11,298
  • Oct 17, 2013 4:37am Oct 17, 2013 4:37am
Quoting brinks
{quote} That will be a no then pip. We have had a few EMA crosses the 34,55 have crossed the 200 on the 4 hour and 34 is about to cross the 55 on the daily so it looks bullish but it is also overbought on the daily. looks like usd/jpy and usd/chf are being faded also so maybe a bit of downside consolidation coming. It may even make a lower high here and follow the downtrend line from the 1.24640 high As ever buy dips
we dropped to the 200 DMA (1,2317) This should be a good support first
  • #11,299
  • Oct 17, 2013 4:40am Oct 17, 2013 4:40am
Quoting Simon73
{quote} we dropped to the 200 DMA (1,2317) This should be a good support first
Yes agreed simon
  • #11,300
  • Oct 20, 2013 2:34am Oct 20, 2013 2:34am
Anyone got any ideas for the coming week?

Apart from more range trading.

It held up well last week considering what was going on with usd/chf and usd/jpy
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