Rising Swiss retail sales bearish for USDCHF
Technical Analysis Summary USD/CHF: Sell
| Indicator | VALUE | Signal |
| RSI | Neutrální | |
| MACD | Buy | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Buy |
Chart Analysis
On 1-hour timeframe USDCHF: H1 is retreating under the 200-period moving average MA(200) which is falling. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.9018. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.9039. After placing the order, the stop loss is to be moved to the next fractal high, 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.
Fundamentální analýza -
Switzerland’s retail sales rose more than expected in October. Will the USDCHF retreat continue?
Switzerland’s retail sales rose more than expected in October: retail sales rose 3.1% over year in October from 0.4% in September, when a 0.6% growth was forecast. This is bearish for USDCHF.