USD/CHF Trading Positions

WHAT IS THE TRADING POSITIONS TOOL AND WHY TO USE IT?

The Trading Position page provides a glance as how FXStreet dedicated contributors (Retail traders, Brokers and Banks) are currently positioned in the USD/CHF. It includes Entry price, Stop Loss and Take profits (up to 3, from the most conservative to the most risky level). It is a positioning indicator that delivers actionable price levels such as the average buy and average sell prices. The tool shows how liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas. It takes into account not only the entry prices but more importantly where participants have their stop losses and take profit levels. These orders are translated into support and resistance levels, as well as acceleration points. Visit our Support and Resistance page


HISTORIC RANGES FOR USD/CHF

Last 5 years (Feb 2012 to Feb 2017): Max: December 15th, 2016 at 1.03017 - Min: January 16, 2015 at 0.8563.


COMMODITIES THAT INFLUENCE THE MOST USD/CHF

When trading USD/CHF, it’s recommended to have a look at other assets, including commodities, in particular Gold. Why Gold? Because the country has a strong relation with that commodity: a quart part of the commodities imported by Switzerland is gold and there is a solid tradition of gold refineries in the country. Copper and Iron are also important commodities in the sense that Switzerland is an important intermediary (or broker) in these markets.

HOW TO READ THE GRAPHS?

Besides the table with all participants’ individual positions, graphic representations aggregate and visualize the data.

  • The Red and Green line shows the percentage of buy and sell positions for each currency pair.
  • You also get the Average Sell Price (in red) and Average Buy Price (green) just next to the gauge graph. Trend traders can take advantage of these price levels in those circumstances when the current market price is at better levels than the average aggregate.
  • If you click on the pair, you will access another page with the Liquidity Distribution illustration. On this graph, we draw a vertical line for each contributor’s price position (price is horizontally laid out) so you can quickly figure out how the liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas.

MOST INFLUENTIAL LEADING FIGURES FOR USD/CHF

USD/CHF traders typically follow the speeches and news related to the Chairmans of the three central banks that most affect the Swissie:

  • JThomas J. Jordan, Chairman of the governing board of the Swiss National Bank since April 2012
  • Janet Yellen, Fed Chairman since February 2014
  • Mario Draghi, President of the European Central Bank since April 2009

Currency Trading Positions

The purpose of the Trading Positions table is to provide a glance of USD/CHF as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.