Day trade
Trade view / 12 October 2016 at 5:55 GMT

USDCHF moves to upper end of Keltner channel

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Background

Demand for USDCHF was the dominant feature in Tuesday's trading. A second up day in a row resulted with prices moving to the upper end of an increasingly bullish Keltner channel. In addition, prices moved to their highest levels for 11 weeks. Intraday signals for sentiment are at overbought extremes but our technical studies suggest profit-taking will be temporary and limited.

Management and risk description

A move to .9922 means the stop can be raised to break even.

Parameters

Entry: Buy in 0.9885/90 area and any 0.9857 dip.

Stop: 0.9820 offered.

Target: 0.9922 and 0.9953.

Time horizon: Intraday, ending London 4pm.

Through average
Through Average
 
Higher lows
Higher Lows
 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

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail