USDCHF - Tracking Keltner channel lower

Alan Collins 3cAnalysis

This week's negative outlookfor sentiment is being proved as last week's losses continued Monday. The net downside was limited, and stalled at the 100 day moving average but prices were sustained at the most bearish prices traded for 10 weeks. Until/unless the 100 day line is exceeded, signals for sentiment cannot be strongly negative but with the market tracking a negatively trending Keltner channel I'm looking for intraday rallies to be temporary and limited.

There is potential to .9947, .9925 or even .9897 and only above 1.0028 would make my assessment of sentiment positive.

Testing Average

Steady Selling

Author

Alan Collins

3cAnalysis

Alan has been involved in the financial markets for more than 30-years.

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