EUR/CHF looks bullish long term

Google+ Pinterest LinkedIn Tumblr +

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
Share.

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

Comments are closed.

Forex Brokers
  • We believe in what we do

    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Intomillion.com owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.