Hello Traders, SNB unchanged, and the head of the central bank said that profits from this state of affairs exceed the costs associated with it and for now we will remain in this situation. A raise towards "old consolidation" 111.00 / 20 as possible short trigger Stop above 111.60 Target 108.50 / 00 Good luck
USD/CHF is currently trading a key weekly level around 0.98400 - 0.98700 zones. This weekly support { purple line } has been rejected several times in the past, with the pair bouncing around 130 pips each upside movement. The daily candle isn't showing any prime entry point, therefore we expect this pair to stay neutral until FOMC meeting today and SNB meeting on...
USDCHF still caught in the tight range, patience and flexibility important here, range bound 1.002x - 0.984x with both parameters significant now, it looks like being a roller-coaster into year-end. EURCHF very strong support 1.093x - more inclined to buy dips and play from the long side. I still favour upside EURCHF but as people still cutting longs we are...
While other central banks are easing, the SNB keepT rates on hold, reiterating Swiss Franc remains overvalued, Adjusting the basis for calculating negative interest. The reaction has been a consolidated push higher for the CHF and we like selling AUDCHF on the back of this news since all big banks in Australia are now expecting the RBA to cut rates at the next...
As per previous post i am expected reversal from 0.9970 resistance zone , But price action not supporting for reversal. I changed my wave count to alternate count, Current pattern looks like Double Zigzag pattern forming and target for this pattern is 1.0048. ENTER LONG @ 0.9918 -- TP @ 1.0048 -- SL @ 0.9850
Hello Traders, As per Previous post on USDCHF got support from 0.9890 support zone, This as wave 3 of C. I am looking for further upside to Parity and even higher. Hourly,4 hour and weekly signals are showing bullish on USDCHF and also today's SNB press conference also fuel this pair to approach the parity.
Looking to buy dips towards 1420/1380 with stop just below 1380. First target around 1,1600/50, second towards 1,20 GL
The SNB's hand is forced with the ECB sidelined. Markets are likely to want to test ECB willingness to shift into easing mode again so the dollar remains the only game in town. From a technical perspective here we are trading the final leg in this large ABC sequence. Best of luck all.
Hi, we are testing possible demand based on daily chart, so will try buying dips towards 0,7050/00, stop: double day close below 0,6950, first target around 0,73
On the technicals it is a simple AB=CD leg in play to the downside, a break of 110.4 will open up the remainder of the move. For the macro side we have seasonality flows going on. Fiscal year end repatriation moves back to Yen, we are right on time for a mid-march kickoff... something those from the forex channel will know we have been tracking for some time. Good luck
Here we are once again looking at the 5th and final wave in the uptrend meaning it's time to add more exposure on dollar longs once more, we are in the beginning of an impulse wave. The support line will come into play on the technical side and we are set to mark the turning point and kick start flows till the end of summer. Let's track the charts closely, we...
At long last, one of our most important Canaries in the Coal Mine - the Swiss National Bank - has exited a lengthy consolidation pattern to the downside. Frankly, we are surprised it lasted this long given its exposure to long US mega-cap. Whatever is going on in there, it needs to take out 5400 on the upside to nullify today's short signal using the simple...
Very simple move here to the upside. I will be posting a zoomed out version of our chart as this is a quick and fast initial move within a much larger 5th wave to come. Please see related idea on USDCHF to understand the current flows taking place. Thanks and good luck.
Here we are looking at starting the 5th and final wave in the uptrend meaning it's time to get back to work on dollar longs once more, we have an impulse wave brewing. Let's track the charts closely, we have launched a smaller TF chart for those here who are trading the H1 initial part of this move. Best of luck
My conviction in this trade is medium Improving risk sentiment - if continues - will help the EUR Today SNB press conference is a risk event-> fail or win this setup quickly
Not really a call therefore i put this idea as educational. The EURCHF seems to be at a very important resistance where the major sell off occurred at the end of 2014-15. There seems to be a lot of news indicating that the CHF will weaken further due to the negative interest rates and the SNB allowing the further depreciation of their currency - but in my opinion...
Makes you wonder... $BTCUSD
Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up. Caution: Your broker might increase the margin requirements.