© Dukascopy Bank SA
- 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