Page 26 | Swiss — Trading Ideas on TradingView

Can't go wrong buying EUR/CHF at current level Remember the Swiss National bank is committed to defending the currency at 1.20 with "determination". It may possible they are actively intervening at this point. 1.20 is the floor so buying now offer a great risk/reward opportunity. Unlikely to come again for a while. On the technical side, each lower platau of the 20 day MA is met with a higher and price spike afterwards. The probability of profiting is such a shoe-in that your broker does not want you to buy in. That's why the overnight premium is unfairly high and the spread is high too.

Swiss gold referendum - A bear trap ???Gold (01.12.2014) reverse from $1207 mark which we mention as first resistance for bulls. However fall from mention level should taken as correction or profit booking but swiss gold referendum added more fuel & created panic selling. Now gold is trading around $1275 & we have witness a sharp bounce from recent low $1142 made just after a NO answer from swiss gold referendum. The bounce producing a major among trader that how actually this NO going to react. Here is the most possible answer. Swiss gold referendum YES would force swiss banks to buy tonnes of gold to increase the gold holding from 8% to 20% but a NO answer is actually not going to change anything for gold normal trading. The panic selling come in first trading session was not supported by volume (see chart), while the NO answer avoided the immediate buying from swiss banks but now it is mandate for central bank to buy gold from open market or off market. Coming to technical picture, gold made a low of $1142 & now trading above $1169 which represent the 61.8% fibonacci retracement of last upside move till $1207. A stability above this mark with volume & a very positive divergence on day chart suggest that gold already digested swiss result & a technical upside move will continue for coming trading session. A break above $1207 will provide more strength & we may witness a quick move towards $1247. MCX GOLD traded lower with spot gold however the correction more deeper due to removal of 80:20 rule by indian government & low volume. Still on technical front gold was able sustain above previous low. This particular move forming a double bottom pattern which is well supported by positive divergence as shown in the chart. Channel resistance situated around 26780 & if this is broken we may witness a sharp move 26900 & more. Swiss gold referendum could prove a big bear trap if above technical picture stay alive. Best of luck Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us Call Us : 088890 34986

Accumulation Forming on AUDCHF Price on AUDCHF has been in a tight range since July 4, which I'm interpreting as an accumulation pattern -- i.e. buyers stepping in and quietly building their position. Just below this accumulation zone, which happens to coincide with a 50% Fibonacci retracement from the recent swing low to swing high, are the 50 SMA and 200 EMA. As such, I think there are enough signs needed to put on a trade. The biggest issue is that the trade probably should have been placed yesterday, and the opportunity may have passed us. In any event, I put my order to go long at 8356, with my stop at 8306 and my target profit at 8506. I'm risking 50 to gain 150, which gives me a reward/risk of exactly 3. www.informedtrades.com

EURCHF DownTrend Deep Pullback SHORT 1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it, thank you and as always good luck & till next time.