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Swiss

SXY (Swiss Franc) Swissie So, the Swiss Franc is generally used as a reserve currency. Something different from The Reserve Currency, but similiar. During times of high volatility investors look to throw their money in safe haven currencies like the Swiss to protect from the wild whipsaws of the market. So, here on the swiss there are no Harmonic Patterns to speak of so the COT data will have to work. So, what we have is the Swissie is the Non-Coms took a major step foraward toward the Zero Line. The commercials have further increased their longs to 16,366 which is a 1,934 increase from 14,432 and the Non-Coms are really increasing their shorts by double. We went from 4,375 to 8,697 orders short which is an increase of 4,322. Now on to the Net data: the Commercials: current- (4,280) // Previous- (7,754) Non-Coms Current- 1,766 // Previous- 8,989 So as you can see we have taken major steps to the zero line especially in regards to the Non-Coms which i think the Swiss' bull run is coming to an end, and it might be wise to plan on shorting the Swiss here pretty soon.
TVC:SXY
by ARegularGuy
ridethepig | CHF Market Commentary 2020.06.05Clearly all the action has been in EURCHF after the enormous bids that came through into euro yesterday. Large macro players are liking what they hear from ECB and the Commission which is setting the stage for the EURCHF short-covering. The key divergence can be seen in USDCHF breaking down, this isn't a CHF driven move but rather from the USD weakness. I am interested to chase this lower as risk sentiment begins to turn down again and CHF begins to find that safe-haven demand. Currently the outlook for CHF is firmly neutral, this can change as early as today's NFP. How it behaves below the 0.950x handle will be thoroughly examined, the totally rigid cast around the risk rally is still part of a "KNEE JERK REACTION" phase from the initial crash. This means that markets will begin to start trading the facts around a recession and slow recovery. If any any doubts of the recession consider the following diagrams: For a) see 2's 5's curve screaming recession For b) , consider the unemployment levels In this simplest of all positions, every other time this happened it ended badly for the economy. Assuming USD does not devalue materially into 2020 its repo will grow and continue expanding the balance sheet , one way or another eventually this is going to look like Fed has been financing the WhiteHouse and then the game is up. CHF appears in the FX desks to be starting to finally bow down to the boss, that is risk. The blockader that is employment, is not flexible here and able to go on long journeys in all directions. The elasticity; should be kept in mind and used to analyse risk flows as such.
Short
by ridethepig
2
GBPCHF - Buying dips towards support at 1.1875 GBPCHF is Bullish - We look to Buy at 1.1875 ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Price action looks to be forming a bottom. ▪️ Bespoke support is located at 1.1875. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1875, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1.1850 Target1: 1.1940 Target2: 1.1980
Long
by Signal_Centre
USDCHF => Short Trade Opportunity we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌 If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening – => if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view. Check today analysis Fundamentals Swiss Franc Trade Balance Data Expected Negative That is Difference in value between imported and exported goods during the reported month; Data Release => 2:00 am Tuesday, Eastern Time (ET) Credit Suisse Economic Expectations => Data Release => 4:00 am Thursday, Eastern Time (ET) Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis and research properly. Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved. >> I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey… With love, Trading Fleet Team
by trading_Fleet
EURCHF - Selling rallies within the triangle EURCHF is Bearish - We look to Sell at 1.0522 ▪️ Price continues to trade within the triangle formation. ▪️ The continuation pattern should target levels between 1.0485 & 1.0500. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.0522, which will confirm the bearish sentiment. ▪️ Expect trading to remain mixed and volatile. Stop: 1.0533 Target1: 1.0485 Target2: 1.0475
Short
by Signal_Centre
GBPCHF - Short term momentum remains bullish GBPCHF is Bullish - We look to Buy at 1.2035 ▪️ Short term momentum is bullish. ▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1 .2005 Target1: 1.2145 Target2: 1.2200
Long
by Signal_Centre
USDCHF This pair is very interesting as far as it shows kind of a crisis barometer, normally CHF is used as a safe haven so when something is going badly we can usually see an inverse situation when US dollar gain against almost everything but losses positions with Franc and Yen Two scenarios I'm getting prepared with USDCHF: 1. Yellow: here we can have some enlargement of a correction after the uptrend impulse in March, after which we would also looking for a reversal; 2. Green: so in the case the correction is already done, we would see a bullish movement. Personally, I will take the yellow scenario and let's see how it will work out.
Long
by EmilShakaryan