I think we just broke the wedge.. might go further down now. image

EURUSD

EUR/CHF bounced from top of the downwards channel.. price must go above 1.2115-1.2120 to break it.

EUR/CHF

AUD is a good carrytrading currency with high interest rates so many people invest in Australian things and need to buy AUD first to do so. At least I guess that's one of the strongest reasons.

AUD/USD

I don't think it was the SNB. Just some speculators that watched the speech and went long after Danthine affirmed the SNB monetary policy.

EUR/CHF

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EUR/CHF

probably more up and down than anything

EURUSD

interesting vid, thanks

EUR/CHF

going to 1.205 very, very slowly.. seems to me that most traders are afraid of an intervention and keep their hands off

EUR/CHF

I thought so.. The performance seems very unreal and also ultra risky. But nevertheless there are people trading like this on real accounts, everything is possible.

EURUSD

having 1/3rd floating p/l of my accountbalance would worry me

EURUSD

Well, in 2009 they succeed defending the 1.5 peg for 9 months straight before giving it up and it was tested 4-5 times. Another thing is, how do you know what big players are doing?

EUR/CHF

Es gibt einen deutschen Thread, wieder etwas gelernt. Thanks

EURUSD

The market did respect the peg though (until now) and also the small interventions after the big raise by the SNB were respected somehow. If we fall below 1.20 there will be tons of sell orders and lots of stop losses triggered, which could shoot ...

EUR/CHF

Seems to find support at around 1.2850-1.2860.. that fits with some of the analysis posted here.

EURUSD

SNB can't afford to let go price below 1.20 in my opinion. If they would like kill all the long traders and then kill all the short traders to clear the market, they would suffer a huge credibility loss. Same if they wouldn't do anything.

EUR/CHF

guess the unemployment rate is paid more attention than employment change and the bad data was probably already priced-in

AUD/USD

Thanks, I also tried to find some information about that. I only saw they could defend the peg for over 9 months and had to defend it at least 4 or 5 times.

EUR/CHF

I think the SNB will defend their 1.2 floor as they did with the 1.5 floor in 2009. But i also think they will not rise the floor to 1.25 or 1.3 in near future, maybe in a few months if it is necessary. Also i think they will wait until price ...

EUR/CHF

Bloomberg.com writes: "GREECE NEARING DEAL WITH PRIVATE CREDITORS, MARATHON CEO SAYS" Should be bullish news?

EURUSD

What do you think of this trade idea? There is a bearish divergence and also a falling trendline at 4h chart that has been broken recently. So I'm going long after the pullback and if the trendline breaks and my short stop loss get's triggered I ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread