| Videos | Channels | Search |
Lambert: A buy signal has been triggered in USDCHF
Clive Lambert from FuturesTechs has been following the USDCHF currency pair since the beginning of the week and notes that a buy signal on the trade has finally been triggered.
The currency pair broke above CHF .8950 signaling a buying opportunity for investors. This was the “high between two lows” according to Clive. In May and March the currency pair dipped to CHF .8700.
On Wednesday, it was announced the Swiss economy grew by 0.5 percent during the first quarter. Investors did not expect this figure to impact the currency’s current trading levels; however, the figure is slightly below analysts estimates of 0.6 percent. An increase of 0.6 would have been the largest growth during any period in almost a year.
Clive is looking to buy between CHF .8970 and CHF .8990. His targets for the trade are CHF .9100 and CHF .9200, a stop can be placed at .8930.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
01:00 minutes
Tags: buy usdchf, clive lambert, dollar, dollar swiss, dollar swiss trade, foreign exchange strategy, forex, forex 2014 outlook, forex buying, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forex trading 2014, forex usdchf, fx, fx crosses, fx dollar swiss, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trades, fx trading, fx usdchf, saxo bank, saxo bank saxo tv, saxo tv, saxo tv clive lambert, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor.com, swiss, swiss bank, swiss economy, swiss franc, swiss gdp, trade idea, trade usdchf, trade view, traders tale clive lambert, traders tale saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, usd, usdchf, usdchf bull, usdchf bullish