USDCHF has been trading in a range between 0.9200 and 0.9000 since late July. when it retests the top of its range at 0.9200. Elsewhere, they are confident the pair will eventually break through 0.9000. The most important even of the day is the Fed’s report today. It definitely will add fresh volatility to the market. in particular, await the Fed to deliver the...
EURCHF buy at 1.07000 area aiming for 1.1000 closes. Stops set at 1.05500 closes on daily timeframe.
📌 Marking the start of Short-term flows with CADCHF... The initial move down was grandiose which, however, was not strictly able to test the 0.690x lows. Sellers would have won the battle easily and continued the breakdown via weaker CAD fundamentals. => Instead luring unaware buyers into a compression range to later suffer from an embarrassment of a further...
We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged. Important zones Resistance: 12...
Hi, Powell did not want to weaken USD during FOMC ( or maybe he was trying but market did something different :) ) but SNB knows how to weaken CHF ( very often its short lived LOL ) and we do have SNB rate decision upcoming Thursday From weekly/daily chart perspective looks like buyers are around 0,93 and 0,92, so Im going to use the full zone ( if seen ) Stop:...
CHF/JPY is again pulling back from 114.5 - a breakout would market a significant bullish shift The BOJ and SNB meet to decide policy this week
Clearly all the action has been in EURCHF after the enormous bids that came through into euro yesterday. Large macro players are liking what they hear from ECB and the Commission which is setting the stage for the EURCHF short-covering. The key divergence can be seen in USDCHF breaking down, this isn't a CHF driven move but rather from the USD weakness. I am...
📍 EURCHF On the CHF side, we had started to see a lot of plumbing from SNB at the lows 1.06xx-1.05xx and for those following the flows it was the 🔑 level we were to tracking in Q1. It is no surprise that we are reaching the end of ' Phase 1 ' and constituting a very powerful base that we can now use as an attacking weapon. The purpose of the sweep was to...
The dynamic strength of the block is itching to expand and further in the circumstance that this debt mutualisation is unlocking and making possible federalisation without the UK. SNB's outpost at 1.060x is - at least in the medium term a pivot level that offers full compensation for those investing in the euro as an investment. Buyers can show that political...
Hi Traders, bulls were able to recover after huge sell off and now the question is if they can saty above 1,20. Currently we are testing important supply and I do think we should see sellers reaction shortly. Selling rallies towards 1,2150/2200 Stop above 1,2320 First Target around 1,15 Second Target around 1,1200/1150 Good Luck
Hi, EU data weak or very weak or ugly if you prefer Spain,Italy,Greece lowering GDP prediction even more Rumors that SNB is around did not help here so.... Looking to sell rallies 1,0550/1,0620 Stop: Two consecutive daily close above 1,0640 First Target: 1:1 Good Luck
The Swiss central bank was playing big games behind the bull trend of the USDCHF. Actually, the story is linked to the EURCHF spot rate where SNB did defend the price from falling lower than 1.05 by intervening more strongly in the foreign exchange market to contribute to the stabilization of the situation. The rise in sight deposits showed the SNB was clearly...
I know FED is playing big moves ahead so far to prevent the State from the pandemic before it may cause more disruption around the country. The reason is beyond technical analysis for me to think even slightly how this pair might gonna end up trending upward. The big moves which I'm talking about from fed were the double rate cut within a month and some repo...
The pair is performing with little trouble for sellers, it has been absolutely hammered as Global Equities and Yields come under further pressure via Coronavirus impact. After a conversation with @FT_Lexicon we can discuss the importance of flanking and comparing with EURCHF is vital here, we can realise why there is not the same room for SNB intervention as there...
Hey all. Something to note on EURCHF... The Swiss National Bank want a weaker Swiss Franc. To weaken the Franc,they conduct many different market operations. One of course is to buy US equities and the other is to increase their holdings of foreign currencies. Just last week, the Swiss National Bank increased their 'sigh deposits' of the dollar and euro by...
Models make it hard to add any longs to USDCHF here at the highs, risk opening the floodgates for a -1.5% short, mainly stemming from a notable pick up in demand for CHF after the latest shift in risk sentiment. Here tracking the risks related to coronavirus that imply the Eurozone growth will take another hit (as if things were not already difficult enough for...
Here a good time to update the EURCHF as we break through the 1.062x lows as sellers are aiming for complete capitulation of their opponent (as far as the flash crash is concerned there is very little in terms of support here if we get a daily breach). The plan was (1) Forcing further selling EURCHF: (2) The extension leg was released and sellers advanced in...
We are going to see some short-term relief here before continuation towards the lows at 1.06559. Any pullbacks over the coming weeks should be viewed as corrective and offer an opportunity to add dovish exposure in the summer doldrums. The risk to our thesis is a break above 1.12. This will invalidate the pattern and remove the possibility of this being viewed...