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Don't fight with the SNB

Currency Pair:Cad/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7610
Trend:uptrend
Possible trading range:0.75-0.79
Signals: A golden cross (sma200+sma50) has appeared on the 4 hour chart suggesting that the current bullish momentum has more room to go
Fundamentals: SNB's Moser has just said that the franc is massively overvalued. On the other side the canadian dollar is set to appreciate on the back of no more interest rate cuts expected from BOC
Forecast:
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marius24 avatar
marius24 10 mar

update: Current price - 0.7894. THe price was dragged higher by a rising usd/chf amid stronger dollar. Once this situation halts then some corrections are expected to occur in all chf pairs.

marius24 avatar
marius24 17 mar

update: Current price - 0.7868. Since i put the last update the price seems unchanged although the canadian dollar suffered all this time. THe fall in franc has maintained cad/chf in the same trading range. I am a little bit bearish from this point, but we have to pay attention on what the FED is going to say this week

marius24 avatar
marius24 24 mar

update: Current price - 0.7660. It seems that the bulls have been hit very hard by the latest dovish comments coming out of FOMC's minutes. From this point any rises look unlikely unless the FED surprises again towards a rate hike. Consolidation with bearish bias in the sight

marius24 avatar
marius24 31 mar

update: Current price - 0.7664. Two candlesticks called hammer have just appeared on the 1 hour chart and 4 hourt chart signaling that a pause in the downtrend ( 1 hour) is on the table. I am also slightly bullish on this pair in the short term.

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Consolidation with upward tilt

Currency Pair:Usd/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9487
Trend: uptrend
Possible trading range:0.93-0.98
Signals: Whenever this kind of move appears the market usually tries to bring the price close to the trigger point (1.02), but this action takes time.
Fundamentals: As we all know that the SNB is not feeling fine to have an overvalued franc and from time to time SNB comes with dovish comments hoping that the traders will abandon the idea to buy …
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marius24 avatar
marius24 10 mar

update: Current price: 0.9974. Only a strong upside correction in Eur/Usd may keep this prediction alive. My target is muck lower at 0.95. Let's hope and see

marius24 avatar
marius24 17 mar

update: Current price 1.0028. Only a dovish FED can bring down the price much closer to my target.

marius24 avatar
marius24 24 mar

update: Current price - 0.9577. THe unthinkable has happened>..a super dovish Yellen in the latest FOMC minutes. We know a certain thing for the time being: the upside has taken a pause. All the eyes are now on the upcoming US data. Consolidation in the sight

marius24 avatar
marius24 31 mar

update: Current price - 0.9710. Only a sell off in the dollar may give me some reasons to come back to this pair tomorrow. So no chances on the horizon for this pair.

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Bearish on the aussie

Currency Pair:Aud/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7905
Trend: downtrend
Possible trading range:0.77-0.82
Signals: Recently an inverted head and shoulders pattern was totally ignored by bears and this fact suggested that the downtrend has more room to go in the followings days.It's worth to mention that this decisive break below 0.80 will likely kick off a new impulsive down-phase.
Fundamentals: As long as Australia continues to struggle under the…
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marius24 avatar
marius24 9 fév

update: Current price - 0.7826 and this pair appears ready for a bullish trip in case the price manages to settle and find support above 0.7840. The bears must take a pause

marius24 avatar
marius24 17 fév

update: Current price - 0.7809 and the outlook points to further bullish bias due to a possible double bottom ( daily and neckline -0.7875) which seems to be underway. IN case this scenario occurs then a strong resistance at 0.7950 must be blown away in order to change the overall trend

marius24 avatar
marius24 23 fév

update: Current price - 0.7791. It seems that this pair is trying to make a bullish breakout above 0.7885. THe overall trend is bearish as long as the aussie is lying in a massive descending channel.

marius24 avatar
marius24 26 fév

update: Current price -0.7823. The bulls didn't manage to keep the price above 0.7875 which represents and important neckline of a double bottom ( daily chart). THe bullish momentum is not over. Only a fall below 0.7750 may cancel any hopes for a sustained rally.

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