Sell signal in USD/CHF on crowded longs - Standard Chartered

By FXstreet.com | August 12, 2014 AAA

FXStreet (Bali) - According to Standard Chartered, their IMM positioning model has generated a sell signal in USD/CHF on crowded longs.



Key Quotes



"Our IMM positioning model is showing a tactical ‘Sell’ signal for USD-CHF on extreme position skew. The short-term USD-CHF technical outlook has also turned down, supporting a corrective pullback. The medium-term outlook remains bullish USD-CHF on policy divergence, rate spreads, valuation. The best way, in our view, to play this tactical rebound in the CHF is against the USD rather than crosses."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD recovering from Asian lows
    Forex News

    GBP/USD recovering from Asian lows

  2. USD/JPY mellow on the back of USD sell-off
    Forex News

    USD/JPY mellow on the back of USD sell-off

  3. Dollar Cheered in Press, But Data and Fed Chatter Turning
    Forex News

    Dollar Cheered in Press, But Data and Fed Chatter Turning

  4. EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation
    Forex News

    EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation

  5. US Dollar Technical Analysis: Is a Pullback in the Cards?
    Forex News

    US Dollar Technical Analysis: Is a Pullback in the Cards?

Trading Center