SFX Divergent Daily Advice

[Mafioso]

Short USD/CHF also @ 1.2526...Sound what is ur target for the CHF. I have a target of 1.2405 what do u think?
Regards

[rusty105]

Been watching USD/CHF for the last day or so it seems to be just plugging along mostly sideways some ups dows now this recent up spike +15 pips or so will it ever come down??
Rusty

[MickMason]

Originally Posted by rusty105

Been watching USD/CHF for the last day or so it seems to be just plugging along mostly sideways some ups dows now this recent up spike +15 pips or so will it ever come down??
Rusty

It's all about yield carry trades...looks like smart money was buying the dips.


'Expectations for more aggressive tightening were quashed by SNB policymaker Philipp Hildebr who said in an interview published on Tuesday that Swiss growth will slow next year.

"While a 25 basis point (hike) is still on the SNB tomorrow these more dovish comments ... should keep the Swiss franc on the back foot" BNP Paribas said in a note to clients. '

[Mafioso]

Originally Posted by rusty105

Been watching USD/CHF for the last day or so it seems to be just plugging along mostly sideways some ups dows now this recent up spike +15 pips or so will it ever come down??
Rusty

I think USD/CHF still has some room up to 1.2677 or a bit higher which would be wave E or 5. I managed to close my shorts at -3 pips will seek a better opportunity to short or Buy EUR/USD at 1.2630-35 level.

[rusty105]

Being a little green at this I noticed in the last 45 minutes or so USD/CHF's price has been all over the place down to 1.2513 up to 1.2538 back forth all in a relatively short time frame comped to what it has been doing. Could this be a sign of a break? Either up or down??

Rusty

[MickMason]

Originally Posted by rusty105

Being a little green at this I noticed in the last 45 minutes or so USD/CHF's price has been all over the place down to 1.2513 up to 1.2538 back forth all in a relatively short time frame comped to what it has been doing. Could this be a sign of a break? Either up or down??

Rusty

Safe haven buying someone said there was an explosion at JFK turned out not to be true.....

Don't you guys pay any attention to the news or fundamentals?

[mosad2]

regarding usd/chf
I think sting aside is the best option for now
breaking below 1.2499 would call for .2400
or a break above 1.2545 would call for 1.2575
zooming out ( dailies H4 u see uptrend still has room)
zooming in ( H1 30 min u see a divergence start of downtrend)

watching for these levels 1.2499 or 1.2545

[mosad2]

also what about usd/jpy??

I think a reversal may come tomorrow we need to wait for u.s close to have a clear picture
next wave will be fifth wave up or corrective b then c down
after it touched the fib extension level at 118.20 retraced
I think it may test it again
watching for these levels
breaking below 117.40 to call for 116.60 above 118. to call for 119.02

any comments are greatly appreciated