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Swiss Franc Little Changed

The Swiss Franc will continue to trade little changed against the US Dollar. In September the pair closed lower by only 128 pips, with a high to low range of only 245 pips. Furthermore notice how on the daily chart below there have been no major price changes since March of this year. We opened April 2016 at 0.9611 and we're currently quoted only 101 pips higher at 0.9712.
But let's zoom out a bit. Look at the monthly chart below. That giant spikey bar in the middle is the SNB peg removal in Jan…
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USD/CHF Still Range-Bound

The USD/CHF has stayed remarkably stable for the past few months. Ever since March, prices have been oscillating above and below the current 0.9700 level. We've traded as high as 0.9902 and as low as 0.9257 but ultimately the pair keeps coming back to what appears to be its fair value.
I expect more of the same. In August the USD/CHF closed only 9 pips lower, while in September we saw a 90 pips gain. But in percentage terms, this is below 1%, barely noticeable for a monthly bar. Even on a lower …
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EUR/HKD Higher Inside the Wedge

The EUR/HKD has been in a strong downtrend last year. On the chart below we can see the EUR/HKD getting sold heavily over 20 percent, from 10.80 to 8.12, as the ECB undertook a large QE program.
But this year things are starting to turn around. Since March 2015, there have been no new lows for the pair. On the contrary, a sequence of higher lows may indicate more gains for EUR/HKD. To be fair, we're also seeing a sequence or lower highs so this situation is not wildly bullish by any measure. Thi…
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Swiss Franc Overbought

The Swiss Franc is overbought. The currency pair (USD/CHF) has been mirror imaging the Euro's gains during April, falling by 395 pips while the EUR/USD rallied by 500 points.
In my opinion, these gains are excessive. On the fundamental perspective, the Swiss authorites want to keep the value of the Franc down. While they have let the currency appreciate against the Euro after abandoning the 1.20 peg, they still actively intervene in the market. This is obvious when looking at a chart of the EUR/…
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fxsurprise8 avatar

As expected, the gains for the Swissy, and consequently losses for USD/CHF, didn't last. The month of May initially saw an extended move lower to 0.9071 but this was quickly countered by buyers. The resulting rally hit a high of 0.9542. From here we fell back down to close the week at 0.9400.

I will need this downmove to continue for about 70 pips to hit my target. The momentum of the past few days is on my side. Plus, I expect the Euro to break 1.10 and head higher on Monday. This may translate into more CHF gains and a further decline in the USD/CHF exchange rate.

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EURo Rally Puts me at Number Six!

The single currency rallied over 50 pips today. Durable Goods is the US fell by 1.3% in September, way below the +0.4% gain the market expected. Core Durable Goods Orders also fell by 0.2% versus a median forecast for a gain of 0.5 percent. The disappointing results immediately lead to a sell-off in the Dollar.
The EUR/USD rallied from 1.2708 to a high of 1.2764 and the Swissy fell from 0.9500 to 0.9445. Since then both pairs have retraced somewhat. The anti-Dollar rally pushed me to the number …
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Small Gains for the USD/CHF

The Swissy had a remarkable September, rallying over 350 pips. But after spiking to a high of 0.9686 on October 6th, prices fell and we are currently trading almost 200 off the highs. The currency pair is now stuck in wedge. While this is usually a continuation pattern, I think in November we will see only limited gains. Since December is traditionally a slow month, the start of the New Year may bring a continuation of the rally in full force.
I am betting on small gains for the Swissy to 0.9511…
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Closing All Trades, Waiting for Direction

It was a low news Friday and it's no surprise that prices didn't move much. The Euro opened at 1.2645 and looks set to close 20 pips higher after an unsuccessful break above 1.27. I exited my EUR/USD short at 1.2670, preempting the move higher, netting a profit of +66 pips. At the same time I closed my USD/DKK long for a profit of +361 pips.
I am offically flat going into the weekend. With the Euro now in its second day of rangebound price movement, I will likely wait for a breakout before reent…
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VictoriaVika avatar

:))) Best of luck, friend :)

JvdS87908 avatar
JvdS87908 24 10月

was that REAL/LIVE or Demo account? and what trade volume was that ?

fxsurprise8 avatar
fxsurprise8 25 10月

demo account for the trading contest, 5 mil

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EURo Trades Flat

After yesterday's large loss of 67 pips, the Euro is trading flat today. The single currency opened the day at 1.2648 and is currently trading at 1.2642. Yesterday's US Dollar gains put my 3 opened positions further in the green. My Euro short is now up +95 pips while my USD/CHF long is up +103 pips.
Yesterday's gains also propelled me to the number 7 spot. I am number 4 in terms of performance but I am lagging behind in keeping a journal. I forgot to write a post yesterday for example. I may cu…
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ilonalt avatar
ilonalt 23 10月

dont forget in the future :)

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Small gains for the Swissy

The USD/CHF has benefited from general US Dollar strength in the past few months. The US economy is improving and economists are expecting the Fed to soon end its Quantitative Easing program. The currency pair is trading at 0.9189, up 484 pips since May.
Going forward, the pair will continue the gains but I expect that the swing high at 0.9250, reached on November 7th 2013, may provide some resistance. In addition, the total lack of a major retracement for the Swissy means further gains in the p…
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