Swiss Franc Outlook Uncertain
USDCHF – Our Speculative Sentiment Index has not been especially effective in forecasting recent US Dollar moves against the Swiss Franc. And a major reason for that is the fact that the pair has mostly stuck to a choppy trading range. Retail trading crowds are fairly net-long the USDCHF, which would normally make us bearish. But we will wait for a break of the pair’s multi-month range before taking a strong stance.
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.