USD/CHF consolidates below an up-trend line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Investors everywhere are focused on what is happening here related to the 'fiscal cliff' and the risk that nothing will happen"
- Dudack Research Group (based on Reuters)


Pair's Outlook
Despite the fact that USD/CHF pair broke an up-trend line at 0.9274, it still faces difficulties to slip lower. The price retests the up-trend line from the bottom for the third day that seems to be a consolidation before a high time frame impulse. Thus, it is risky to open a position now, and it would be rational to wait for the first movements and a more defined market direction.

Traders' Sentiment
Bearishness of SWFX market sentiments in USD/CHF pair strengthens, as the buy side reduced to 41% and the sell side expanded till 59%. Pending orders segment is totally opposite, as 60% placed orders are buy and 40% are sell.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.