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USD CHF Technical Analysis - USD CHF Trading: 2022-09-22
USD/CHF Technical Analysis Summary
Above 0.9838
Buy Stop
Below 0.9640
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The technical analysis of the USDCHF price chart on 1-hour timeframe shows USDCHF,H1 has paused after climbing above recent trading range over the 200-period moving average MA(200). The RSI is in overbought zone. We believe the bullish movement will resume after the price rises above the upper boundary of Donchian chhanel at 0.9838. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9640. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CHF
Swiss National Bank raised rates 75 basis points today which lifted rates out of negative territory. Will the USDCHF price climbing reverse?
Swiss National Bank interest raised rates 75 basis points today which lifted rates out of negative territory. This is bearish for USDCHF price. However the SECO expert group on business cycles has significantly downgraded its expectations for Switzerland's GDP growth to 2.0% for 2022 and 1.1% for 2023. They state the Swiss economy now faces a deteriorating outlook after a positive first half of the year 2022.
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