Strong moves were seen in EUR/CHF yesterday, with the pair closing through the 200-day moving average (at 1.2311) and downtrend drawn from the July high at...
Chris Weston
Pepperstone
Strong moves were seen in EUR/CHF yesterday, with the pair closing through the 200-day moving average (at 1.2311) and downtrend drawn from the July high at 1.2321. The next target traders will be eyeing is the October high of 1.2375, ahead of the 200-week moving average of 1.2517. Big moves in the European debt markets helped, while there is a feeling that the CHF is a good short given it's over valuation.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
1 topic
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
This recently triggered market signal has never failed to predict gains
Ophir Asset Management