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We take a look at some of the markets for this week. ... more

We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. We take a look at the Euro for this week. ... more

We take a look at some of the markets for this week. ... more

USDCHF formed a key supply zone near the psychological price of 1.000.  We will be looking for USDCHF prices to show signs of weakening in the coming days.  

TECHNICAL ANALYSIS

  • USDCHF broke out of the ascending channel forming what we see as a strong supply zone. The formation of the zone coincides with the psychological price of 1.000. 
  • Prices could potentially start to form a bearish flag formation. 

COMMITMENT OF TRADERS DATA (CHF)

  • ‘Non-commercial’ net positions have increased from net Short 19.6k contracts to net short 21.1k contracts.
  • Data for both Non-Commercials and commercials have been fairly stable in recent weeks. We will be watching for further clues in the coming weeks. 

Date LONG SHORT TOTAL  LONG SHORT NET
12 Period Average 13,936 32,558 46,494 30% 70% -18,623
Tuesday, 27 November 2018 16,871 37,939 54,810 31% 69% -21,068

Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. The information on this website does not take into account your personal circumstances, please do not trade or invest based solely on this information. These are our market outlook views and interpretations only.