Short term
Trade view / 20 June 2016 at 7:31 GMT

USDCHF tracking channel lower

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom

Trading was subdued in USDCHF after two strongly negative weeks – even CHF strength slowed. But despite the lack of strong movement, our first downside weekly target was met, prices are still close to the bottom of a declining Keltner channel and the mid-week profit taking lacked the strength to even seriously test the 13-day moving average.

The weakness of the rally is the key element for sentiment and points to lower levels this week.

Management and risk description

A move to 0.9514 means the stop can be lowered to breakeven or better.


Entry: sell in 0.9595/05 area and any rally to 0.9688.

Stop: 0.9748 bid.

Target: 0.9514, 0.9444 or even 0.9370

Time horizon: this week.

Three down weeks:
3 Down Weeks

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Source: CQG

Average caps:
Average Caps
Source: CQG

Long Term
Source: CQG

— Edited by Michael McKenna

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