Once price made it's last push to the upside, it made the bearish impulse as expected. I was looking for price to make one last bullish impulse, then create a bearish candlestick formation before entering a sell. Check out the previous analysis below:
Price appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside.
The weekly time frame show a double top, with a retest to the neckline, price also met...
SNB President T. Jordan comment highlights:
- If Needed, Can Cut Rates Further - 50bps to 1.25% possible until negative rates turn less effective
- Big Concern Over Significantly Overvalued CHF in 2016 risk-off dominated year
- CHF 3m Libor prices 80% chance of a 25bps cut (-0.75 to -1.00%) within 3 months (was only 40% before brexit)
- Low bond yields not...