John J Hardy
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Day trade
Trade view / 28 June 2016 at 5:56 GMT

Sentiment turns mildly positive for USDCHF

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom

Trading in USDCHF was volatile yesterday. But both the day’s lows and highs were posted in Asian trading with the bulk of the day seeing the market consolidating above the 100 day moving average but comfortably below the 200 day line.

Nonetheless gradual gains, a weaker CHF and a positive Keltner channel mean that sentiment is mildly positive.

Management and risk description

A move above 0.9800 means the stop can be raised to break even or better.


Entry: Buy in 0.9770/75 area and any dip to 0.9735.

Stop: 0.9703 offered.

Target: 0.9800, 0.9820 or even 0.9865.

Time horizon: Intraday, end 1600 London time (1500 GMT) Tuesday June 28

Testing average
Testing Average
 Gradual gains
Gradual Gains
 Long-term trend
Long Term
All charts from CQG. Create your own charts with SaxoTrader; click here to learn more. 

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
28 June
AlanCollins AlanCollins
Our .9800 target has been met and so the stop is now assessed as the break even point.
28 June
assi assi
Hi Alan, are you still holding this trade...??
28 June
AlanCollins AlanCollins
yes - for another 2 hours with the stop now at break even as above
29 June
AG11406 AG11406
what do you think at current levels. moving north is still valid?
29 June
AlanCollins AlanCollins
was again bullish this morning but currently lacking momentum so would be cautious on this at the moment


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