© Dukascopy
- Reuters
Pair's Outlook
Today we can see that USD/CHF pair yesterday's session finished with a candle without a body, which indicates that the market's trend might be losing momentum. Also, candle has long shadows on both sides, the so-called long-legged candle, thus showing a reverse of a trend. Therefore, it is very likely to see a change of a trend's direction, as a long term downside movement has not reached serious support levels around a 0.92 zone.
Traders' Sentiment
USD/CHF pair keeps SWFX market participants' support from a buy side, as the majority of traders (73%) have a long position and only a quarter of investors (27%) believes in a further depreciation. Placed orders market delivers slightly different figures, as 63% placed a buy order and 37% a short order.
© Dukascopy