Day trade
Trade view / 07 December 2017 at 6:52 GMT

USDCHF looks bullish after breaking through key average

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: USDCHF
Price target: 0.9988
Market price: 0.9910
This week's demand for USDCHF continued Wednesday. A third up day in a row resulted, and more importantly prices consolidated above the 13 day moving average and broke above the Marabuzo line created by the fall on November 22.

Intraday signals for sentiment are approaching overbought extremes, o there is growing potential for a negative reaction. But we look for such a setback to attract fresh buyers.

Management and risk description
A move above 0.9918 means the stop can be raised to break even


Entry: Buy in 0.9895/00 area and at 0.9878.

Stop: 0.9854 offered.

Target: 0.9918, 0.9948 or even 0.9988.

Time horizon: intraday, closing 1600 GMT.

Three Up Days
3 Up Days
Losses regained
Losses Regained
Long-term trend
Long Term
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— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
07 December
alki alki
I was a little late to the party but still a good one!
07 December
Cesime Cesime
To you all wishing a happy xmas and a new year full of health and pips .


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