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USD CHF Technical Analysis - USD CHF Trading: 2024-04-08
USD/CHF Technical Analysis Summary
Above 0.91437
Buy Stop
Below 0.9023
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| 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 is retracing up to test the 200-period moving average MA(200) after hitting two-week low in the last trading session. We believe the bullish movement will resume after the price rises above the upper boundary of Donchian channel at 0.91437. 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 0.9023. 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 foreign currency reserves increase accelerated in March. Will the USDCHF price rebounding continue?
Swiss foreign currency reserves increase accelerated in March. The Swiss National Bank reported Foreign Exchange Reserves in Switzerland increased to CHF billion 715 in February from 678 billion in February. Increasing backing by Swiss National Bank reserves is bullish for Swiss franc and bearish for USDCHF. Earlier data showed Swiss consumer price inflation (CPI) remained unchanged in March 2024 compared with the previous month: Federal Statistics Office reported CPI remained steady at 107.1 points (December 2020 = 100) when an 0.3% increase was expected. lower than anticipated Swiss consumer prices inflation is bearish for Swiss franc and bullish for USDCHF.
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