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- Technical Strategist at Bank of America Merill Lynch (based on Bloomberg)
Pair's Outlook
Yesterday USD/CHF pair settled beneath the 200-day SMA and slipped even lower, touching the weekly S1 and the 20-day SMA, which indicates the middle of Bollinger bands range. Currently, the price steps higher and holds a great likelihood to retest the 200-day SMA at 0.9462 in a daily graph scale, but as it has already broken a short period up-trend and passed the moving average, the pair turned into a bearish trend.
Traders' Sentiment
SWFX market players hold bullish sentiments, since 71% have buy positions and 29% have sell positions. The market still maintains expectations to see new peaks. Placed orders market's situation is very close to the spot market, as 69% ordered for a long position and 31% for a short.
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