Day trade
/
Buy
Trade view / 14 September 2017 at 5:58 GMT

USDCHF key average to platform further gains

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: USDCHF
Price target: 0.9716
Market price: 0.9650
Background

Contrary to yesterday's cautiously negative bias, an initial profit-taking dip proved very limited. This was followed by a renewal of demand that accelerated in the latter part of the day to produce a third up day in a row. That move confirmed the positive break of the 13-day moving average and means that last week's entire net fall has been regained. Intraday signals for sentiment are overbought but we now look for negative reactions to be temporary.

Management and risk description

A move to 0.9681 means the stop can be raised to break even.

Parameters

Entry: Buy in 0.9640/45 area and any 0.9619 dip.

Stop: 0.9583 offered.

Target: 0.9661, 0.9681 and 0.9716. 

Time horizon: Intraday, ending 15.00 GMT.

3 Up Days
3 Up Days
 Setbacks Bought
Setbacks Bought
 Long Term
Long Term
 All charts from CQG. Create your own charts with SaxoTrader; click here to learn more


— Edited by Susan McDonald


Non-independent investment research disclaimer applies. Read more

A compiled overview of Trade Views provided on TradingFloor.com is found here
14 September
AlanCollins AlanCollins
Reduceing some longs at .9657. Stop raised to 31
14 September
alki alki
Good morning sir. Have a profitable day. I am long USD since y'day, thank you.

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