USD/CHF slips towards the 20-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Based on financial data from Treasury, we estimate that the government will be unable to pay all of its bills as early as Feb. 15. We have less time to solve this problem than many realize"
- Steve Bell, Bipartisan Policy Center (based on Bloomberg)


Pair's Outlook
USD/CHF pair's rapid appreciation and a spike above the upper Bollinger band made the price to depreciate. The pair gradually slips towards the 20-day SMA at 0.9170, to balance a bullish and bearish movements. However, price has stuck at a 0.9208 level, where the monthly and weekly PP are situated. Therefore, the situation is vague, as the pair has attempted to change a trend to bullish, but still remains under the 55-day SMA.

Traders' Sentiment

The Swiss Franc stays with a very little support, as the majority of traders prefer to buy the U.S. Dollar. The buy side has 83% of positions and the sell side has 17% of position. Pending order segment is rather neutral comparing with the spot market, since 57% of orders are buy and 43% 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.