USD/CHF

USDCHF is more likely to continue trading between 0.9990 and 1.0125 ahead of FOMC & SNB. However, overbought RSI supports a break of 0.9990 post FOMC and could fuel the pair's decline towards 0.9850 & 0.9780.

USDCHF holding under major channel line and reversing.
A downward trending wave (3) is to be confirmed.


http://www.forexfactory.com/showthre...97#post8128097

I have just sell USDCHF at 0.9530. It's 0.9620 now ((( Anyone tell me should close it or hold?

lol depends whats your lot size/amount risked account size margin. You should have a plan set before you enter a trade not afterwards. Set your SL what you want to risk and let it play out.

I bought @.9494 with tp set @1.02. It just made a HH on the 4h after 1 week drop. Seems like retracement is done. See if it can break below .96 again. If it doesn't do so, then close or put sl at a sensible place i.e. @.9660 and let it do it automatic without you having to pull the trigger & the loss.

Member of the Management Board of the Swiss National Bank Fritz Tsurbryugg today announced that the Swiss franc is strongly overvalued, so the central bank is closely monitoring the situation, ready to intervene at any time. Speaking in Zurich, he noted that two months of negative interest rates show the high efficiency of the selected policy. "Let me stress that the refusal of the lower limit of the exchange rate does not mean that we will passively monitor the situation in the foreign exchange market", - he added. But this did not prevent the franc strengthened against the euro. EUR / CHF today lost about 50 points on the background of the euro sell-off across the board. The pair started the day at 1.0531 and reached the current intraday low at 1.0464. The current rate of 1.0480.

I remember the case: Couple eurchf. was in August 2011, lying on the beach, soaking up the sun. that it possessed see that with a couple, was an order to sell, open smartphone, and then 1.2000. knocked on foot, well that was still close. call the broker that happened, the answer is: SNB intervention.

sorry for my english

I have just started trading so I sell only 10k but it loss 100 pips now. I think USD will decrease little in this 2nd quater. But seems the CHF is decrease more than USD ... (((

Nice ride .. :-)

37 years chart shows how strong and stable the swiss franc against the major currencies such as pound, eur, and usd. It's a powerhouse currencies that never stop keep other currencies against it going down

Pattern becomes clearer at USDCHF, now poise on a wave (c) up in completing correction ii.

longer term charts:
http://www.forexfactory.com/showthre...08#post8146208

More down, dollar do not look convincing to me

USDCHF on an upward impulse wave (c) of correction ii.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

USDCHF is likely rallying towards 0.9900 mark before testing the 1.0000 psychological magnet.

Seems that the 0.9890 becomes an important level of the USDCHF.

Pattern and price confluence at 61.82% retracement, set for 3rd of 3rd wave down.

Attached Image (click to enlarge)

Curios how the price is going to hold @0.95

Although, the pair is likely signaling extended decline, a break of 0.9450 is less likely to be broken and the pair could reverse back to re-test 0.9600 mark.

Despite minor conjestion for the next 2 trading sessions, USDCHF is likely heading towards 0.9200
in completing present impulsive decline from 13th April top ............ in the hourly time frame.

Thx for the info(FX_Anil and skyhok)
0.96 would be a clear resistance to the upside, and 0.95 would be a support. Looking myself at H1 i saw that as of this morning, the pair had momentum for the upside, still to be confirmed by volume (at least in my opinion):


best of luck today