USD/CHF

much depends on Euro

If Catalonia makes big problem in Spain will Euro fall ?
If Euro falls USD/CHF will rise ?

Good day,

Longer term buy for me.

Regards

CHF is directly influenced with EUR/USD
When EU goes down USD/CHF goes up and reverse true as well.So in essence when trading USD/CHF you are basically trading EUR/USD in reverse.

Furthermore its not always about Euro but US economy,policies,Feds etc.

I suggest you graduate from here before losing your money.
http://www.babypips.com/

I have 6 long positions myself

not part of previous uptrend. it broke the b wave

Which level is possible if QE tapering starts a few days later?

0.98 possible ?

Which kind of indicators work well for CHF?
I am a newbie who want to learn

0.93 0.98 and even parity IF there is another European crisis that pushes eur/chf over the cliff.

If any QE tapering like $15 bln which levels will be resistance for USD/CHF?

0.98 will be ?

FED WILL THINK NEXT NONTH LIKE THIS :

We tapered $10 bln last month(December)
Market continued to rise.
Then, market is ready more tapering this month.

They will taper $25 bln in January.
They will reduce it from $75 bln to $50 bln

...

closed all my longs in profit
+154pips
Will buy again once if it drops to 88 which I suspect it will

Is there any chance for USD/CHF to fall back from this stage?
I have sold 1 10k lot at 1.9034 with stop loss at 1.9074. What do you think guys?

As per the historical pattern drawn in this attached image i think it will go further down..

Swissy is highly correlated with the Euro
If Euro continues to drop say 3560-50 your stop will be hit.If Euro resumes uptrend then you are good let it run.
Just be mindful that selling at such low levels always pose bigger risk.I will only buy the Swissy.One direction up at these levels

Ya, they're so correlated in fact, that sometimes if I wanna go long the Euro, I'll short the Swissie, since the margin on it is less ($200 vs $280).

9075 is high probable reversal level.

iwishtowin: keep in mind that interest rates on currencies have a very high importance on what that currency will be valued at in comparison to other currencies. Of late, the USD's FOMC has been taking the stance that they will "pull back", or ease up on "Quantitative Easing". That , is , in effect, the opposite of what they had been doing over the past few years, causing the value of the USD to drop in comparison to other currencies. Now, consider the commodity currencies, such as the AUD and NZD as well as the CAD.... look at a chart going back some 5 years, or so. In fact, look at a chart for the USD against the majors, (EUR, GBP, CHF, CAD, AUD, and NZD). Notice the trajectory of the Month Chart going back 5 years on each of these currencies against the USD... (EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD, and NZD/USD). Policy (particularly in % rates) has changed or is in the process of changing in each of these. Notice how the trajectory of the Month , or even Week chart is going back to 2008 from this point. Once you understand how these play out, look closely at the USD/CHF and the EUR/USD. These actually are the inverse of each other. Please notice the chart I have attached to see this inverse relationship of the EUR/USD and the USD/CHF. Again, as you look to the complete right of the chart, keep in mind, that policy is changing regarding interest rates.
I hope this helps you in the question you asked.

The weekly close of last week is more than enough for me to say this downtrend has come to an end. My targets are 0.92 and 0.94.
Long term this could possibly hit the range high on the monthly at 0.99 in 6 months

USDCHF – Large stops over .9080 being eyed