Market Snapshot and Potential Trades – Sell CHF?

Good morning – below are today’s snapshot and potential trades.

If you’d prefer to see a PDF, please click this link:

http://www.cmcmarkets.com.au/static/emailout/overnight_snapshot.pdf

About michaelmccarthycmc

Chief Market Strategist - CMC Markets and Stockbroking Regular on ABC, BBC, Bloomberg, Channel TEN, CNBC, SBS and SKY
This entry was posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading. Bookmark the permalink.

2 Responses to Market Snapshot and Potential Trades – Sell CHF?

  1. fanny abergel says:

    what are the reasons for SELL CHF
    thanks

    • michaelmccarthycmc says:

      Hi Fanny,

      CHF came up on three of the daily scans – a large move (up) against NZD, at a one year high against SGD, and outside the bollinger bands against JPY. The idea of these scans is to highlight moves and technical signals that warrant further investigation by traders. As CHF came up on three scans, I thought it was worth highlighting. Of course, each trader has to decide for themselves if there is a set up that suits their trading method.

      Good trading, Michael

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