Overview:
The USD/CHF pair hadn't made any significant movements since lat week. The USD/CHF pair broke resistance which turned to strong support at the level of 0.9580 (major support). The level of 0.9580 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major...
USD/CHF is expected to trade with a bullish bias above 0.9570. The pair posted a rebound and broke above its 20-period and 50-period moving averages. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Federal-funds futures showed Monday that the odds of the...
Price has bounced off perfectly from our buying area as expected. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high...
Our first Target which we predicted in the previous analysis has been hit. USD/CHF is expected to trade with a bearish outlook. Although the pair posted a rebound, the upward potential is likely to be limited by the resistance at 0.9625. The declining 50-period moving average is playing a...
Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).Stochastic...
After a long persistent bearish trend in place, USD/CHF is currently residing in a corrective range between 0.9440 to 0.9760 area. Recent positive economic reports from the US helped the bulls to push the price a bit higher but it could not hold the gain against CHF. Recently, The SNB Libor Rate...
The pair retreated from 0.9705 (the high of September 14) and broke below its 20-period and 50-period moving averages. The relative strength index is capped by a bearish trend line since September 14. The reported acceleration in U.S. consumer prices, which helped to raise expectations of the...
Overview:
The USD/CHF pair didn't make any significant movements yesterday. There are no changes in our technical outlook. The USD/CHF pair broke resistance which turned to strong support at the level of 0.9580. The level of 0.9580 coincides with a golden ratio (61.8% of Fibonacci), which is...
Price has risen to our selling area and reversed perfectly as expected. We remain bearish below resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support...
All our upside targets which we predicted in yesterday's analysis has been hit. The pair is trading above its rising 50-period moving average, which plays a support role and maintains the upside bias. The relative strength index is mixed with a bullish bias. The U.S. Labor Department reported that...
