A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings. For those...
CHF a clear winner in the G10 space has been a finding strong bid via smart money smelling the markets strength of conviction in the SNB ability to intervene decreasing. Positioning is far from stretched, meaning there is plenty of room left on the boat. For those tracking the USDCHF flows 0.970x remains the key level to track: The technical picture is...
The Swiss Franc is expected to put more pressure on the USD with its monetary policy experiment finally being over. Disclaimer: I am not your financial advisor. Caution: GDP ahead
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...
Here we are tracking CHF which continues within the wide choppy range; From a strictly technical studies perspective...it is starting to show signs of trading oversold and there may be further unwinding of longs to come with the next leg in the USD weakness: On the political side, Brexit outflows continue pouring into CHF as the destruction of the UK...
Here selling USDCHF for the European open after CHF enters in oversold territory. The decision from European Courts on loans indexed in CHF will have little impact on the currency and provides a good fading opportunity. Brexit volatility will skyrocket and provide an underlying bid for CHF. I am positioning for a deteriorating global outlook and positioning...
Here we are tracking a continuation of the current risk correction into the Quarterly end positioning. Tracking for the current weakness to extend into the next cluster of stops, high probabilities of stops cascading and triggering momentum. For those already holding shorts it is business as usual, continue to sell into rallies. Those sidelined and looking...
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
Here we can see the SNB sidelined from aggressively intervening; the rationale behind this comes from EURCHF. The current environment is providing a strong bid for countercyclicals like JPY and CHF; as long as trade tensions remain, global growth will continue slowing and global bond yields will continue to fall. On the technical side we have room for USDCHF to...
The market has continued to selloff through significant levels and with the breach of 1.12 we have unlocked the lows. From a strictly technical perspective as this is all we will be covering today, the market is trading inside an incomplete ABC sequence from the April 2018 highs. This implies that the market can develop a final leg towards 1.0655. The nature of...
Those following the previous USDCHF idea (see attached: "Tracking the highs in USDCHF (Weekly)" will know that we have potential to retrace as far as 0.918x from this move. After attempting to break the highs in the wedge we aggressively sold off, in other words all those breakout traders and momentum bets were caught on the wrong side by smart money tracking...
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.
We have important updates coming overnight from the Trump administration leaving tariffs on the table. In reality, the US will not be collecting these additional duties for at least a few weeks meaning the window may provide an opening to reach an agreement in the interim. Sadly protectionism continues causing tensions to rise and keeps risk assets lower. If the...
What we are looking to trade here is the final flow in the swing. As a catalyst for the coming months we have an important Fed remaining on hold today. The Fed funds rate rose to 2.45% this week which leaves only a 5bp margin before the upper bound in the current target range of 2.25 - 2.50%. This will raise the question on forward guidance posing the question if...
Looking to buy dips towards 1420/1380 with stop just below 1380. First target around 1,1600/50, second towards 1,20 GL