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EUR/CHF

  • #12,841
  • Nov 13, 2014 8:54am Nov 13, 2014 8:54am
Quoting mmudasir
UBS: SNB likely to intervene around 1.2010
Or maybe not before so called Swiss gold referendum drama
You cannot learn better without losing
  • #12,842
  • Nov 13, 2014 9:21am Nov 13, 2014 9:21am
always we longs get some nice momentum, anyone is dumping EURs
  • #12,843
  • Nov 13, 2014 9:51am Nov 13, 2014 9:51am
eurchf again hovering near to the Low again.it may go below 2010 today
Trading by EA
  • #12,844
  • Nov 13, 2014 10:48am Nov 13, 2014 10:48am
5 months around 1,2000 ?? does it happen again ?
Attached Image (click to enlarge)
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  • #12,845
  • Nov 13, 2014 10:54am Nov 13, 2014 10:54am
Quoting Petr.K
5 months around 1,2000 ?? does it happen again ? {image}

this wont this time , they said they will intervene .they will do same as like they had done in 6 September 2012.
Trading by EA
  • #12,846
  • Edited 3:09pm Nov 13, 2014 11:14am | Edited 3:09pm
Quoting Petr.K
5 months around 1,2000 ?? does it happen again ? {image}
I had this nightmare the other night. I'm not joking, I actually dreamed the exact chart you posted.
  • #12,847
  • Nov 13, 2014 11:44am Nov 13, 2014 11:44am
In 2012 there was bailout after bailout and the future of the Euro was uncertain. There was a true safe havens inflows to CHF and Yen and the cap was in real danger. Now we have the ECB expanding its balance sheet and asset purchases and of course the gold referendum. I'm not saying that those 2 factors should not affect the EC but not to the extent that the floor to be threatened or broken. The most important is for the cap to hold till November 30 and everything will be fine and they won't keep on attacking the floor just because of the ECB actions. So the EC will be rebounding to over 1.21 for sure after the Swiss say no to the referendum
  • #12,848
  • Nov 13, 2014 12:04pm Nov 13, 2014 12:04pm
Anyone can remind me what was SNB intervention pips number in 2011 in the first minute? And, how many minutes the full 1100 pip intervention took?
Trade according to current market condition, not what you think would be.
  • #12,849
  • Nov 13, 2014 12:10pm Nov 13, 2014 12:10pm
I don't believe SNB will intervene unless bears go fully stupid by approaching 1.20 before Gold BS, because I don't believe there's any billion longs at 1.2010
Although, technical view show good condition for intervention or massive spike upward and will like EC bears drive it lower if that will lead to intervention.

There's no 1.1980-1.1950 in SNB dictionary because that will mean loss of credibility. It's defending 1.20 or leaving the floor break where there's no specific level to think of holding on despite the said ones are the first, but again SNB members latest comments assuring 1.20 defense makes it impossible to penetrate.
Like I said before, bears are just trying to plant whatever possible new lows before the fly...............
Trade according to current market condition, not what you think would be.
  • #12,850
  • Nov 13, 2014 12:41pm Nov 13, 2014 12:41pm
Quoting insider-
So the EC will be rebounding to over 1.21 for sure after the Swiss say no to the referendum
Well, this will not necessarily happen (there was quite some surprise recently with the EU immigration quotas vote).
I think that the SNB would prepare itself for all the possible outcomes and is likely to push the EURCHF up before the vote.

k
  • #12,851
  • Nov 13, 2014 12:48pm Nov 13, 2014 12:48pm
Quoting J.Clinton
I don't believe SNB will intervene unless bears go fully stupid by approaching 1.20 before Gold BS, because I don't believe there's any billion longs at 1.2010 Although, technical view show good condition for intervention or massive spike upward and will like EC bears drive it lower if that will lead to intervention. There's no 1.1980-1.1950 in SNB dictionary because that will mean loss of credibility. It's defending 1.20 or leaving the floor break where there's no specific level to think of holding on despite the said ones are the first, but again...
1,0066 was the all time low for €/chf. That was an elevator ride to the bottom for the € from 148,88 breaking the so called 150 line in the sand for 2009. 1,0066 IS in the SNBs dictionary. NOTHING is impossible no matter how improbable.The potential for a drop to 1,1933, 1,1888 and even as low as 1,1450 is VERY real and still never see 1,0066 again. So stop the BS.
I may not be right...BUT, I am never wrong
  • #12,852
  • Nov 13, 2014 12:58pm Nov 13, 2014 12:58pm
Quoting Spartanholds
{quote} 1,0066 was the all time low for €/chf. That was an elevator ride to the bottom for the € from 148,88 breaking the so called 150 line in the sand for 2009. 1,0066 IS in the SNBs dictionary. NOTHING is impossible no matter how improbable.The potential for a drop to 1,1933, 1,1888 and even as low as 1,1450 is VERY real and still never see 1,0066 again. So stop the BS.

they will not loose their credibility . until referendum pass
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  • #12,853
  • Nov 13, 2014 1:24pm Nov 13, 2014 1:24pm
Quoting mmudasir
{quote} they will not loose their credibility . until referendum pass
Yes.... Im sure the ECB give a dead rats ass about the SNBs credibility. SNB lost their credibility at 150. This pair is a slug.
At best it is only a barometer and gage for € strength among the competing currencies in Europe.
I may not be right...BUT, I am never wrong
  • #12,854
  • Nov 13, 2014 1:26pm Nov 13, 2014 1:26pm
Quoting Spartanholds
{quote} Yes.... Im sure the ECB give a dead rats ass about the SNBs credibility. SNB lost their credibility at 150. This pair is a slug.
Sorry, I don not know what is dead rat ass, poor English. Please give some more story about that, thank you.
  • #12,855
  • Nov 13, 2014 1:32pm Nov 13, 2014 1:32pm
Quoting OberonZhao
{quote} Sorry, I don not know what is dead rat ass, poor English. Please give some more story about that, thank you.
sorry...english is my 5th language....you do know what a dead rat is and you do know what the ass end is. ergo "Dead Rats Ass".....not good.
I may not be right...BUT, I am never wrong
  • #12,856
  • Nov 13, 2014 1:41pm Nov 13, 2014 1:41pm
Quoting Spartanholds
{quote} sorry...english is my 5th language....you do know what a dead rat is and you do know what the ass end is. ergo "Dead Rats Ass".....not good.
Wow, you are talented in language, I mean my English is poor, not yours. Do you mean ECB did bad things to SNB, am I corrent?
  • #12,857
  • Nov 13, 2014 1:51pm Nov 13, 2014 1:51pm
Quoting J.Clinton
Anyone can remind me what was SNB intervention pips number in 2011 in the first minute? And, how many minutes the full 1100 pip intervention took?

Yes, here...

http://www.businessinsider.com/wow-s...plunges-2011-9
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  • #12,858
  • Nov 13, 2014 2:23pm Nov 13, 2014 2:23pm
Quoting OberonZhao
{quote} Wow, you are talented in language, I mean my English is poor, not yours. Do you mean ECB did bad things to SNB, am I corrent?
It's just a way of saying the ECB does not care about the SNBs credibility.
I may not be right...BUT, I am never wrong
  • #12,859
  • Nov 13, 2014 4:18pm Nov 13, 2014 4:18pm
Here we gooooooo!!!!
  • #12,860
  • Nov 13, 2014 4:18pm Nov 13, 2014 4:18pm
Quoting Spartanholds
{quote} 1,0066 was the all time low for €/chf. That was an elevator ride to the bottom for the € from 148,88 breaking the so called 150 line in the sand for 2009. 1,0066 IS in the SNBs dictionary. NOTHING is impossible no matter how improbable.The potential for a drop to 1,1933, 1,1888 and even as low as 1,1450 is VERY real and still never see 1,0066 again. So stop the BS.
"Very real" how? There is a peg in pace. It is about avoiding overvaluation, not the the opposite (makes a big difference). it is made by the central bank of one of the wealthiest countries in the world, that have centuries of banking credibility. If you are bearish no problem with that, just place your trades and walk your talk, but do not accuse others of BS when they are saying the same the vast majority of analysts are saying.
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