News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
US Dollar May Test Major Low versus Swiss Franc

US Dollar May Test Major Low versus Swiss Franc

2013-10-17 15:00:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_14.png, US Dollar May Test Major Low versus Swiss Franc

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDCHFRetail forex traders continue buying into US Dollar weakness versus the Swiss Franc, and a contrarian view of crowd sentiment leaves us in favor of further USDCHF weakness.

Trade Implications – USDCHF: Our SSI-based trading strategies continue selling into US Dollar weakness across the board, and the USDCHF is no exception.

The key caveat with the Swiss Franc is simple: we’ll need to see a substantive break below recent lows to feel comfortable trading into further weakness. It has broken a key short-term rising trend channel, but key support remains at lows near SFr 0.8970.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_usd-chf_body_Picture_19.png, US Dollar May Test Major Low versus Swiss Franc

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES