The Swiss franc is lower on the day amid speculation that the Swiss National Bank (SNB) will intervene in the foreign exchange market in order to actively weaken the currency.
As you can see by the comparison, gold tracks the Swissy rather closely. Interestingly enough, gold's all-time high of $1,923 ended at about the same time the SNB decided to peg their...
Now I'm looking 3 weeks up-swing
It looks blue modified schiff pichfork working
So concentrating blue median and 38% Fibo(1.1617)
I'll long late july(form 2014 - 07 - 18~~~)
Swiss WC team did already well,so
thou Argentina WC team Win
I'll reamin long
Swiss franc smells trouble? MM out of the 5p wedge calls for 1.2120-50 area. Safe heaven bids again but an intervention maybe coming in the road to fiat war depreciation
This market has been resisting the break below the bullish channel of 2013 (purple diagonal). Advanced pattern formed to finish right on that trend line, the opportunity to supply the best price has passed in the 5 minute chart with the completion of a H n S. The doji that just printed is the icing on the cake. Opportunity to short at the .886/1.618 level comes...
Another currency at a cross roads. Should this market break higher then a test of the OTE Short SS (70.5% retrace) ought to be expected and a fill of the rather noticeable gap. A bearish resolution and we not only test the key pivot low from the fall of 2010 (.8573) but we may have to go much much further...
