© Dukascopy Bank SA
Right now the pair is attempting to halt its losing streak – the instrument has already jumped above the upper trend-line and is likely to try to consolidate above this level in the hours to come. However, the success of this endeavour is uncertain since market players fail to express a unified view – the proportion of long positions on the SWFX is 54%, while the proportion of the short ones does not differ much, being at 46%.
© Dukascopy Bank SA