Printable View
The Swiss franc has always been recognized as a safe haven asset and in the aftermath of the S&P downgrade of the US on Friday and subsequent whipsaw moves in currency, equity and commodity markets many players are either making for the sidelines or for the safety of assets like the Swiss franc.
The Swiss Franc is trading on a strongly bearish tone on Thursday, which is boosting the otherwise weak Euro higher, sending the pair almost 600 pip highers so far today, bouncing from 1.0255, to reach day highs at 1.0810.
the pair and as we can see from the chart is trading under level 1.0500 , so , that's mean the down trend is still standing and the pair might head to 1.0460 and then 1.0430 how ever the pair made any hourly correction
The Swiss Franc has appreciated almost 56 percent against the Euro since October 2007, with approximately 17 percent of those gains coming in 2011 alone – gains once deemed unthinkable considering the burgeoning economic might of the European Union.
the pair and as we can see from the chart has closed it's daily candle above the level of 1.0800 , so , that's mean the up trend is still standing and the pair is heading to 1.0900 then 1.0950
The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation for a major base
The Euro has bounced up strongly from 1.0685 support, and rocketed more than 300 pips higher in two hours, to retrace the whole Monday and Tuesday's retreat, and breach beyond 1.0990 to trade at fresh week highs beyond 1.1000.
the pair is trading now above the level of 1.1000 and that's mean the uptrend is still standing and the pair might reach 1.1050 , but if the pair succeeded in breaking 1.1000 , it will continue in down trend heading to 1.0950 and then 1.0900
Look for any setbacks to be well supported ahead of 1.0600, while rallies could now extend back above 1.1500 over the coming sessions. Weekly studies are also confirming with the potential formation of a very bullish bottom close.
we can see that the pair has closed it's daily candle above 1.1000 . so , that's means that up trend is expected and the pair might head to 1.1050 and then 1.1100 ,but also the hourly correction is expected before continue in the up trend
the market has actually managed a close above the previous daily high. Look for any setbacks to be well supported ahead of 1.0600, while rallies could now extend back above 1.1500 over the coming sessions. Weekly studies are also confirming with the potential formation of a very bullish bottom close.
The EUR/CHF pair rose on Thursday as traders ran from the Franc due to a comment from SNB officials suggesting that a peg to the Euro might be a possible solution to the rapidly appreciating Franc.
The 1.10 area is just above, and we are very interested in selling at that area if we get negative candles. We do not buy this pair under any circumstances.
the chart is showing that the pair has succeeded in closing it's weekly candle above level 1.1000 , and that's mean the up trend is still standing and the pair might head to 1.1100and then 1.1150
The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation for a major base
the market has actually managed a close above the previous daily high. Look for any setbacks to be well supported ahead of 1.0600, while rallies could now extend back above 1.1500 over the coming sessions. Weekly studies are also confirming with the potential formation of a very bullish bottom close.
The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation for a major base
We will not consider the possibility of reversal before seeing a pattern or before a break of 1.2399 resistance. The down trend is expected to extend to 200% projection at 0.9141 next.
Below 1.0685 minor support will flip bias to the downside. But strong support should be seen above 1.0061 at first attempt.
Intraday trade:
If a M15 close above 1.1127 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0956 sell only and do not buy. If price closes back above it again do nothing
The range 1.1127 and 1.0956 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair has stated it's trading week above the level of 1.1100 and that's mean that the up trend is expected this week and the pair might head to 1.1200 and then 1.1250
The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation for a major base. Weekly studies are also confirming with the formation with a very bullish bottom close. From here, look for an acceleration of gains back towards the 1.1500 area over the coming days with setbacks expected to be well supported above 1.0700 on a daily close basis.
the pair has failed in breaking 1.1400 and bounced from it , so that's mean the down trend is expected and the pair might head to 1.1250and then 1.1200
The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation for a major base. Weekly studies are also confirming with the formation with a very bullish bottom close. From here, look for an acceleration of gains back towards the 1.1500 area over the coming days with setbacks expected to be well supported above 1.0700 on a daily close basis.
On the downside, below 1.1047 minor support will turn bias neutral and bring retreat. But another rise will now remain in favor as long as 1.0685 minor support holds.
We are still looking to sell, but as the 1.10 area has been broken, we are looking to see a little more upside and then perhaps some weakness around the 1.15 area. We would sell there on weak candles without hesitation. A break of Friday’s lows gets us selling again as well.
From here, look for an acceleration of gains back towards the 1.1500 area over the coming days with setbacks expected to be well supported above 1.0700 on a daily close basis.
we can notice from the chart that the pair has closed under 1.1400 , that's mean the down trend is expected and the pair might head to 1.1300 then 1.1250 , however the pair made a hourly correction
The EUR/CHF pair continues to rise as the SNB members suggested that a possible EUR/CHF peg could happen to stem the flow of money into the Franc.
EUR/CHF has rallied on the debate of a fixed EUR/CHF rate, bouncing up from lows near parity, reaching 1.1500 area, the rumored target level of the "super peg", where the pair is might consolidate unless the SNB ot equity markets push it higher says the BBH Market view.
The Euro weakened on Tuesday in the wake of lower-than-expected EU and German growth numbers and has retraced most of Monday's gains against the Franc. EUR/CHF fell to a low of 1.1165 in recent trade and it is currently trading at the 1.1180 region, recording a 1.25% loss on the day.
EUR/CHF is seeing an oversold rebound from fresh all-time lows. While under 1.1374 our bias remains firmly lower. A move back over 1.1892 is required to end our bearish bias.
the chart is showing that he pair has succeeded in breaking the level of 1.1300 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.1350 and then 1.1400
Buy [Start] -> 1.1332
Buy [End] -> 1.1352
Stop Loss -> 1.1292
Max Take Profit -> 1.1512
Resistance 1 -> 1.1471
Resistance 2 -> 1.1615
Resistance 3 -> 1.1774
we can see that the pair has closed it's daily candle above 1.1400 . so , that's means that up trend is expected and the pair might head to 1.1500 and then 1.1550 ,but also the hourly correction is expected before continue in the up trend
Currently uptrend should end around 1.1531 - 1.1582 area. A correction down to below 1.1262 is expected. A rise above 1.1692 will abort the expected correction
With the opening bullish gap for the pair the downside tendency is also seen to cover the gap, and surely with the prevailing tension over the Franco-German meeting which investors will eye into Wednesday.
Currently uptrend should end around 1.1531 - 1.1582 area. A correction down to below 1.1262 is expected. A rise above 1.1692 will abort the expected correction
The EUR/CHF, the key pair market participants are watching, tumbled the most following the news. No less than one week ago was the possibility of EUR/CHF parity a plausible option
Intraday trade:
If a M15 close above 1.1421 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1358 sell only and do not buy. If price closes back above it again do nothing
The range 1.1421 and 1.1358 is neutral area, any trade done in between is personal decision and not part of this analysis