The Hand of Scalpuman

Forum of the Lord of Trading fellowship

HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros

Share | 

 USD/CHF Heads Towards 0.87

Go down 

Posts : 8759
Join date : 2012-01-25

PostSubject: USD/CHF Heads Towards 0.87   Mon Mar 10, 2014 10:46 am

USD/CHF Heads Towards 0.87

'The upshot of the jobs report that the chance of another reduction at the Federal Reserve's March meeting went to 100%. That takes away the short-term downside risk for the dollar.' - BMO Capital Markets (based on MarketWatch)

Pair's Outlook

USD/CHF's short-run outlook remains bearish. The exchange rate is expected to fall down to 0.87, where it will meet the down-trend support line and the monthly S1. There the greenback will have a good opportunity to start a robust recovery by breaking out of the falling wedge pattern, which has been formed for the past year. Conversely, if the buying pressure turns out to be insufficient, the rate may fall down to the 2011 lows at 0.86.

Traders' Sentiment

There was only a marginal increase in the portion of long positions opened, from 73% to 74%, meaning the sentiment towards USD/CHF stays strongly bullish. In the meantime, the buy orders (68%) are gaining advantage over the sell ones (32%).
Back to top Go down
View user profile
USD/CHF Heads Towards 0.87
Back to top 
Page 1 of 1
 Similar topics
» Shan W.... and his media puppets tries to wash our heads....... Beware!
» Dissapointed CSE and Broker Firm HEADS
» RANIL....ranil....ranil....stock market horu...godai....

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: Economic News, Market Comments & Opinions-
Jump to: