USDCHF Daily
Supports at 0.88750 & 0.88450
Resistances at 0.89150 , 0.89400 & 0.89750
That support line you see is a Clone – historical angles that are used when the pair is moving Up .
So it is only an indication of what might serve as a support.
Also, it is now wide enough to expect it to hold for awhile.
SNB comes thru
– Recent meetings Jordan referenced the role a strong CHF plays in fighting inflation.
– Current meeting Inflation forecasts lowered, significant chf strength noted, current inflation pressures are domestic service driven, int rates lowered with room for another cut in Q3.
That said, against a backdrop of global tensions not going away anytime soon probably implies the CHf won’t run away to the downside but imo has room to walk in that direction, and favorite liability ccy play.
A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in focus as the Swiss cut interest rates for the second time this year and the Bank of England decision now awaited.
Morning Bid: Stocks up as Swiss cut again, BoE eyed; yuan slides
Gold 2338
Crude 85
Euro 1.0729
bla bla bla bla bla
Israeli Foreign Minister Israel Katz to warn of an “all-out war” in which “Hezbollah will be destroyed, and Lebanon severely beaten.”
“The enemy knows that no place in the entire (state) is safe from our missiles, and it won’t be arbitrary. Everything will be deliberately targeted,” Nasrallah
As I look at the price action in EURUSD it reminds me of this article in our blog, which is worth a read
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
USDJPY 4 HOUR CHART – CARRY TRADES?
Break of 158.25 leaves a void until the major 160.16 high. Normally this would be a clear path hher but BoJ intervention risk cannot be ignored.
On the downside, expect a very strong bid if 157.25 becomes support although bids likely below the market as long as above 157.50
As I noted this week, putting the pieces of the puzzle together, affirmer stocks and a firmer USDJPY suggest the JPY could be a funding currency of choice for carry trades.
USDCHF 4 HOUR CHART – FX RATE PROTESTR?
The SNB decisiob to cut interest rates was proably partly in trsponse to the recent appreciation of the CHF/
As this chart shiws, .8992 is the key level that would need to be broken to break the downtrend (trendline as well).
In any case, the rate cut has restored a 20way risk
A look at the day ahead in European and global markets from Ankur Banerjee
British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest rates – just not on Thursday.
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
You may find this useful
What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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