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"The safe-haven U.S. dollar would certainly benefit from further deterioration of conditions in Europe"
- Bank of New York Mellon (based on MarketWatch)
Pair's Outlook
USD/CHF pair has stuck in a flat zone with the lower support level at around 0.9290 and the upper line at 0.9428/34, where 200-day SMA lies. Negative performance might be expected, as weekly graph shows that price has settled below the uptrend line, which starts since 31st October, 2011. This big timeframe pattern is supported by the majority of daily and weekly technical indicators.
Traders' Sentiment
SWFX market traders' sentiments are heavily bullish, as 74.8% investors have a buy position and only 25.1% have a short position. Concerning pending orders segment, 55.5% traders are willing to open a buy position and 44.5% are looking for a short position.
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