Switzerland
CHFJPY UpdatesHey Traders, our CHFJPY long idea did hit our final target around 124 zone from 123 zone with over 100 pips of profits. in today's trading session we are monitoring CHFJPY for a possible pullback around 124.2 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
EURCHF on its way to ATL1. Be aware that the SNB (Swiss National Bank) had set a minimum exchange rate of 1.20 CHF per EUR for some years to keep Switzerlands economy in place, because we rely on exports.
2. This synthetically set level can be seen in the period from 2012-2013 where the price basically did nothing for weeks and was just kept alive at that rate
3. On 15.01.2015 this synthetic minimum price was abolished and the price dumped instantly to under the equilibrium, even to 0.96 EUR per CHF. Historical moment!
4. Notice the bearish retest in 2018, what a beautiful rejection there at the last support from 2015.
5. Around start of the pandemic in march 2020 we had a bullish retest of support at bullish weekly OB indicated by the "tick" in green.
6. At the moment we broke this support and I am expecting another break and retest of this 3-month support @ 1.0418.
7. Last but not least, there is a big liquidity pool resting around the sell stops at 1.0234 , above and below. Probably will act as a magnet for price action and a big stop hunt happening there.
CONCLUSION:
--> EUR is at the brink of doom here, holding at the last support in its entire history to the Swiss Franc.
--> the narrative behind the weakness of EUR is the non-stop-printing of new money during the pandemic caused by the ECB
--> add the relatively stable condition of the swiss economy regarding the rest of europe into the mix, and you have enough reasons to sell your EUR to CHF
As a swiss-based trader, wanted to have a look at my personal exchange rate for buying things abroad or taking bigger investments like land and real estate in cheaper european countries. Applying some fundamental knowledge here, but mostly the chart explains itself with its price action. Hope this chart gives some clarification and insight!
USDCHF - Monthly Elliott LiveAs per plotting of the monthly in Advanced Get - we will update these ideas with weekly & daily plots.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
LCXETH LCX + 60% is this Swiss Startup about TO EXPLODE ????150 M Market Cap project grounded in Switzerland and Lichtenstein.
Great Team, top partners, and best know-how.
The chart looks great. I am not selling my LCX.
How Cheese, Knives and Chocolate Will Make Solana to The MoonHi, traders!
Let’s discuss some crypto news. As you know the fundamentals are essentially important in trading. Thus, we’ll try to speak about them more in future. From the latest news, Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets.
During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time.
Free-floating stocks are assets that have received regulatory approval to trade on tokenized platforms. As DAAG explained, they represent the number of shares of a given asset excluding locked-in shares, such as those held by company executives.
Solana has received tremendous support from investors, venture capitalists and other market participants.
The crypto startup recently raised $314 million from several high-profile investors to expedite the development of its high-performance blockchain. Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from the likes of Alameda Research, Blockchange Ventures, CMS Holdings and CoinShares, among others.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Swiss Market Index has broken out to a record highSwitzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips