USDCHF – Our retail forex sentiment-driven trading signals continue buying into US Dollar (ticker: USDOLLAR) strength against the Swiss Franc, and we see little reason to call for a major reversal. Indeed, the Swiss Franc seems an attractive way to take positions long the US currency as the Swiss National Bank continues to keep the EURCHF exchange rate above the critical SFr 1.2000 mark.
If the Swiss Franc remains artificially weak, it stands to one of the primary losers against the resurgent US currency. Our Senior Technical Strategist predicts that the USDCHF will remain within its significant uptrend as long as price remains above SFr 0.9500.
How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to email@example.com.Contact David via Twitter at http://www.twitter.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.