19 years in trading
Touching the low level of this previous January 15. consolidation range, in January 24. after the ‘Greek election results’, euro is rising rapidly versus swiss franc in the last couple of days, reaching 1.0522 today and the pair aproached the high of the January 15. consolidation range of 1.0550/600. Who is the buyer and weather he expected a new ‘rate
Read moreFinaly, we could see some technical clear levels here. Based on this M30 chart, we can see that 0.9730/50 is possible stronger support for the pair and 1.0220/40 resistance for now. That’s not small 500 pips range, but for sure is something we could take as a relevant technical points for now, after the smash what was made by the ‘SNB cap
Read moreWow, wow, wow! Is that surprise or what!? EUR/CHF falls to 1.0200, USD/CHF to 0.8400! Is this might be expected? I wrote how the peg is in danger for two times in the last 30 days and how the SNB is doing everything to save it. Well, they obviously decided to remove the same. Edit: It seams that EUR/CHF is
Read moreI wrote before two days, that SNB’s peg is in danger and that SNB must be on alert! Whell, SNB defended the peg today by cuting rates at negative (-0,25%). The pair is literally jumped 90 pips in 10 minutes, but I didn’t want to write anything before it’s settles down. Celebration didn’t last long and the pair is pulled
Read moreWith 1.2004 low today, SNB can’t be peaceful and must be on the alert. Is the peg in danger and can it be broken? If we can remember April 05. 2012. yes it can! With low 1.997 at that day, we sow that ‘the miracle’ is possible here. I read one time, that SNB stands at 1.2 with 40 billion euros,
Read more
Forex Trader 