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- Mizuho Securities Co. (based on Bloomberg)
Pair's Outlook
USD/CHF pair is traded along the 20-day SMA, which is currently at 0.9308. The price is still on the bullish side of the Bollinger line, but recently the currency pair was unable to breach the 55-day SMA and stayed beneath it. So we have two strong, but opposite signals and it would be rational to wait before opening a position and see which signal will be the leading.
Traders' Sentiment
Disproportion in USD/CHF pair remains substantial, since the bulls (84%) have a lot of expectations to see an appreciation of the Dollar and the bears, the minority, manages only 16%. Pending orders market is much more balanced, as buy orders contain 57% of all placed orders and sell orders— 43%.
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