Chf is a totally openly manipulated currency by Swiss National Bank please note below were intervention and disruption of the currency markets is
discussed to protect the currency. We all know that currencies are manipulated in the extreme. and everybody here is swimming in a bloody infested shark pool; but when a government/bank openly discusses intervention and manipulation of currency markets then they are also announcing to the world in general
they they are International Financial Criminals. I would strongly advise against any chf currency pair being used in an automated system ..I will not ever us it except possibly for short time frame scalping.....does anyone remember Jan.15/ 2015??
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In an overnight client note, analysts at Societe Generale note that the Swiss National Bank (SNB) is likely to intervene in the fx markets after EUR/CHF hit 20-month lows below the key support of 1.1184 a day before.
Key Quotes:
“The fall in the 10y Bund yield is also having side-effects in EUR/CHF. The pair dropped to a 20- month low of 1.1173 yesterday which must have placed the SNB on high alert and brought forward the ***************possibility of intervention. *****************
The SNB met over monetary policy only two weeks ago and reiterated that the franc is "highly valued". The bank will be on high alert to slow a further depreciation of the pair, which is possible if the UK hurtles towards a no-deal
Brexit on 12 April.
Key technical support rests at 1.1184, the January and September 2018 low. A break below is almost certain to force the
SNB to respond and may temporarily prop up
EUR/USD and other EUR crosses in the process.”
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