Golide is giving the love (with some help from her friends)First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You job is to stay in the game.
Franc
Can't go wrong buying EUR/CHF at current levelRemember 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.
EURCHF Ready to Bounce Towards Top of 3yr Channel?EURCHF has been drifting towards the lower end of a 3yr channel since the beginning of the year. Although it hasn't touched the 1.200 level the SNB has vowed to defend, it's gotten close enough in recent weeks to attract bargain hunters buying in anticipation of SNB intervention. I'm long at 1.208 and like the risk reward here as the weekly RSI, Stochastics and MACD all tilt higher now appearing to have put in a bottom a month or so back. Keep a close eye on the EURUSD for signs of an interim tradable bottom which should signal the Euro strengthening possibly versus the Swiss franc as well. Visit goo.gl for today's technical analysis on $NG_F, $ZC_F, $USDJPY, $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $USDX, $EURUSD, $EURCHF, $CT_F
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