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

By FXstreet.com | 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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF consolidating weekly losses

  2. Forex News

    USD/CHF capped by 0.97

  3. Forex News

    USD/CHF bounces off the 0.9455/22 support zone – Commerzbank

  4. Forex News

    USD/CHF Technical Analysis: Selloff Pauses at 0.95 Mark

  5. Forex News

    USD/CHF hits fresh highs above 0.9650

Trading Center