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

By | Updated 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."

You May Also Like

Related Forex Analysis
  1. Forex News

    Credit Agricole: USD dips remain a buy – eFXnews

  2. Forex News

    USD/CHF remains a sell for 0.9070 – Commerzbank

  3. Forex News

    USD/CHF drops toward 0.9300

  4. Forex News

    USD/CHF back below 0.94

  5. Forex News

    USD/CHF negative bias while below 0.9706 – Commerzbank

Trading Center