© Dukascopy Bank SA
- TD (based on Reuters)
Pair's Outlook
Even though on the weekly and monthly time-frames the technical indicators are in favour of a decline, USD/CHF preserves bullish momentum and is likely to advance further. A necessary condition for the outlook to remain positive is intactness of the up-trend support line, which at the moment stands at 0.8987/71. However, 0.9038/25 may be enough to prevent any losses in the near term.
Traders' Sentiment
An overwhelming majority of the SWFX market participants are optimistic with respect to the U.S. Dollar—as many as 75% of all positions imply its appreciation. Concerning the orders placed within 100 pips from the current trading price, there is no significant difference between the buy (47%) and sell (53%) ones.
© Dukascopy Bank SA