USDCHF - We look to Sell at 0.9870 (stop at 0.9900).

USDCHF - Due to an Ending Wedge formation, we continue to treat extended gains with caution. Selling pressure from 0.9907 resulted in all the initial daily gains being overturned. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.9840. Trend line support is located at 0.9835. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Our profit targets will be 0.9820 and 0.9769.

USDCHF

Risk Warning

Trading spot foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Losses can exceed deposits. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. If you are in any doubt about investment or the mechanics of such products, you should seek independent financial advice.

If you purchase a commodity option, your capital is at risk and you may sustain a total loss of the premium and all of the transaction cost.

If you purchase or sell a commodity future or sell a commodity option, your capital is at risk and you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position.

If the market moves against your position, your capital is at risk and you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position.

If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.

During certain market conditions, you may find it difficult or impossible to liquidate a trading position. This can occur, for example, when the market makes a "limit move". The placement of contingent orders by you or your trading advisor, such as a "stop-loss" or "stop-limit" order, will not necessarily limit your losses to the intended amount, since the market conditions may make it impossible to execute such orders.

The high degree of leverage that is obtainable through for example futures trading, options trading, Spread Betting, Binary Betting and CFD trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. This brief statement cannot disclose all the risks and other significant aspects of the commodity markets, including trading shares, currencies, and stock indices. You should therefore carefully study financial trading before you enter the financial markets with the view of buying and selling, including shorting, securities in the market place.

Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with spot foreign exchange and futures trading, and seek advice from an independent financial advisor (IFA) if you have any doubts. All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant or IFA, before believing and accepting any information posted on this website.

Your capital is at risk.

Losses can exceed deposits

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD failed just ahead of the 200-day SMA

AUD/USD failed just ahead of the 200-day SMA

Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.

AUD/USD News

EUR/USD met some decent resistance above 1.0700

EUR/USD met some decent resistance above 1.0700

EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.

EUR/USD News

Gold keeps consolidating ahead of US first-tier figures

Gold keeps consolidating ahead of US first-tier figures

Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.

Gold News

Bitcoin price could be primed for correction as bearish activity grows near $66K area

Bitcoin price could be primed for correction as bearish activity grows near $66K area

Bitcoin (BTC) price managed to maintain a northbound trajectory after the April 20 halving, despite bold assertions by analysts that the event would be a “sell the news” situation. However, after four days of strength, the tables could be turning as a dark cloud now hovers above BTC price.

Read more

Bank of Japan's predicament: The BOJ is trapped

Bank of Japan's predicament: The BOJ is trapped

In this special edition of TradeGATEHub Live Trading, we're joined by guest speaker Tavi @TaviCosta, who shares his insights on the Bank of Japan's current predicament, stating, 'The BOJ is Trapped.' 

Read more

Majors

Cryptocurrencies

Signatures