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Analysis and Forecasts

EUR/CHF looks bullish long term

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Swissie

Monthly Chart

EUR/CHF Monthly Chart

Preference:

Long positions above 1.20 with targets 1.30 – 1.35
Bought at 1.2290 S/L 1.1950 (340 pips), T/P 1.35 (1210 pips). Risk 1:4
Placed Buy Limit order at 1.2030 S/L 1.1950 (80 pips), T/P 1.30 (970 pips). Risk 1:10

Period of Time:

6 – 18 Months

Basis:
  • Fry Pan bottom candlestick pattern on Monthly chart
  • The price on Daily chart is above EMA 200
  • Pair is almost 2 years in flat. Volatility rises
  • The SNB minimum exchange rate policy (set at 1.20) is expected to remain in place for the foreseeable future
  • Improvements in Eurozone trade balances due to European austerity measures
  • Growth is slowing in Switzerland
  • Switzerland 10 Year Gov. Bonds yield has started slow rising
  • The pressure on offshore banking in Europe is negative for CHF
  • QE3 ending program and Federal funds rate increase will lead to money flow in USD
  • Correlation with yen depreciation flows. JPY selling should have the potential to send EUR/CHF higher
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About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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