- Analytics
- Technical Analysis
USD CHF Technical Analysis - USD CHF Trading: 2024-09-27
USD/CHF Technical Analysis Summary
Above 0.84889
Buy Stop
Below 0.84634
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| 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 breached above the 200-period moving average MA(200) after rebounding following a decline to two-day low yesterday. We believe the bullish momentum will continue after the price breaches below the upper bound of the Donchian channel at 0.84889. 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 0.84634. 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 investor confidence deteriorated again in September. Will the USDCHF price rebounding reverse?
Swiss investors' sentiment deteriorated again in September: the Union Bank of Switzerland (UBS) reported its Economic Expectations index fell to -8.8 from -3.4 in August. Readings above 0.0 indicate optimism, below indicate pessimism. Swiss investors’ sentiment index ventured deeper into negative territory after entering it last month. The negative reading reflected a grow pessimism for the Swiss economy’s growth outlook over the next six months. Expectations for weaker performance of Swiss economy is bearish for the Swiss franc and bullish for USDCHF currency pair. The next day after UBS report on Economic Expectations the Swiss National Bank cut its key policy rate by 25 basis points to 1% in September 2024, a third consecutive reduction. While an interest rate cut by a central bank is bearish for a country’s currency, the Swiss Franc strengthened slightly after the Swiss National Bank cut the key interest rate by 25 bps.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.