Bullish Outbreak The SMI is headed towards the upside after breaking a bearish and correction phase. Currently, the index is en route to form a new lower high on the higher timeframes, situated between the orange barriers.
Potential upward retestThe index may retest established higher highs, after finding support near a key low. Price action is ranging between 11700-11900, upon breaking of the consolidation phase.
Bullish momentum developingThe Swiss index is currently developing buying pressure which may retest 12200-12400 regions. Momentum to the upside is because of a bounce and bearish rejection of a previous support barrier. As long as price action is above 11755, the index headed for the above resistance barriers.
High-Probability SWI20 Longs with 57.78% Achieving TPI am adopting a probabilistic approach to my trading strategy based on historical and statistical data.
This method allows me to identify patterns and trends that have proven effective in the past, enabling me to make informed decisions about entering long positions.
By applying mathematical rul
USDSGD / EURNOK / CADCHF / EURJPY / NZDCHF / NZDUSD / SWISS20USDSGD (USD/SGD)
Overview: The USD/SGD pair is showing some short-term volatility around the 1.3100 level, with recent movements indicating consolidation.
Trade Insight: Watch for potential breakouts in either direction, with key resistance at 1.3120 and support at 1.3080. US dollar strength amid
SMI may hit one ATH after another till the end of the year.It appears that the failure of Swiss government-backed Swiss bank UBS last year, which was subsequently absorbed by Credit Suisse, prompted the government to regulate more restrictively for banks that are considered key and too big to fail destabilizing the Swiss economy, in April. Hence, the Swiss
Riding the Trend on CH20CHFBought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer
Something to keep eye on.. v2.0updating the previous idea
Diagonal down perhaps A
Flat B
Wave C to be executed
SHORT IDEAAnticipating a possible reversal lower.
Annotations of potential key levels made in the chart.
Once the stop level of 11256.97 is taken out, the idea is invalidated.
As usual, manage risk.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
SMI Cash Index reached its highest quote on Aug 30, 2024 — 12,481.49 CHF. See more data on the SMI Cash Index chart.
The lowest ever quote of SMI Cash Index is 11,095.64 CHF. It was reached on Apr 19, 2024. See more data on the SMI Cash Index chart.
SMI Cash Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy SMI Cash Index futures or funds or invest in its components.