Franc suisse / Yen japonaisMis à jour CHFJPY, i have hypothesis on why central bank did that
I have no position in this pair sorry
let's see if my argument on technicality make sense.
In a channel, price is suppose to fluctuate/oscillate at a normal pace, at time they can get out of hand and go faster or go slower but ultimately there is only one big aim for the price.
THE PRICE JUST WANT TO TOUCH/KISS/FONDLE THE CHANNEL TOP/BOTTOM AT PARTICULAR JUNCTURE AT CERTAIN INTERNAL WHICH COULD BE SPORADIC.
Now, if you tell me SNB does not look at technical chart, i think the sun will rise from the west.
In this pair, price is already moving at steady rate towards the channel top but maybe, maybe assuming price will move in 45 degree manner it will only reach channel top by 2016-2017.
SNB wants the price to reach the channel top in lighting speed so that i can retrace earlier than later.
Does this technicality sound logical?
The same thing happen for FXY also when BOJ did that QE stunt last year
let's see if my argument on technicality make sense.
In a channel, price is suppose to fluctuate/oscillate at a normal pace, at time they can get out of hand and go faster or go slower but ultimately there is only one big aim for the price.
THE PRICE JUST WANT TO TOUCH/KISS/FONDLE THE CHANNEL TOP/BOTTOM AT PARTICULAR JUNCTURE AT CERTAIN INTERNAL WHICH COULD BE SPORADIC.
Now, if you tell me SNB does not look at technical chart, i think the sun will rise from the west.
In this pair, price is already moving at steady rate towards the channel top but maybe, maybe assuming price will move in 45 degree manner it will only reach channel top by 2016-2017.
SNB wants the price to reach the channel top in lighting speed so that i can retrace earlier than later.
Does this technicality sound logical?
The same thing happen for FXY also when BOJ did that QE stunt last year
Note
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.