Day trade
Trade view / 15 June 2016 at 5:43 GMT

Weak bounce keeps USDCHF sentiment negative

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

For a third day in succession there was limited net movement in USDCHF on Tuesday. To a great degree this was off the back of a stronger CHF and is limiting the rally from last week's five-week lows.

Price action does not provide strong signals for sentiment and so a good deal of caution needs to be applied to analysis. Nonetheless the weakness of this bounce and a strong CHF means that sentiment remains assessed as negative.

Management and risk description

A move to 0.9616 means the stop can be lowered to break even.


Entry: Sell in the 0.9640/45 area and any rally to 0.9670.

Stop: 0.9708 bid.

Target: 0.9616, 0.9598 and 0.9578.

Time horizon: Intraday; ends 1600 BST (1500 GMT) on Wednesday June 15.

Profit Taking

Profit Taking
 Off the Highs
Off the Highs
 Long-term trend
Long Term
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— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more


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