USD/CHF appears neutral/negative for the time being – Commerzbank

Market news

22 July 2019

USD/CHF appears neutral/negative for the time being – Commerzbank

According to Karen Jones, Team Head FICC Technical Analysis at Commerzbank, USD/CHF could have topped in the 0.9967/81 band.

“USD/CHF our view remains neutral to negative as the market remains dominated by the 2 month downtrend at .9893 today. The market recently failed at its 50% retracement at .9967 and the 200 day ma at .9981. This is tough resistance and we suspect that the market has topped here. We look for further losses to .9695, the 25th June low. Above the 200 moving average lies the mid-June high at 1.0014. Longer term we target .9211/.9188, the 2018 low”.

Goldman Sachs sees lower oil demand growth in 2019

The US will likely win in a “cold currency war” - Pimco

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.