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USD/CHF Technical Analysis - USD/CHF Trading: 2021-09-17

USD/CHF Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0.9280

Buy Stop

Below 0.9149

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 1877
IndicatorValueSignal
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
On Balance Volume Neutral

USD/CHF Chart Analysis

USD/CHF Chart Analysis

USD/CHF Technical Analysis

The technical analysis of the USDCHF price chart on daily timeframe shows USDCHF,Daily is rebounding above the 200-period moving average MA(200) which is starting to rise. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.9280. 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 0.9149. 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 economic data have been mixed in the last couple of weeks. Will the USDCHF price break out of the current trading range?

Statistical data in the last couple of weeks paint an ambivalent picture of Swiss economic performance. Thus, retail sales fell in July when an increase was expected. However, producer and import prices as well as consumer prices rose more than expected in August. The Swiss Federal Statistical Office reported retail sales shrank 2.6% over year in July after 0.1% growth in June when 1.1% increase was expected. At the same time Consumer Price Index in Switzerland increased 0.9% over year in August after 0.7% growth in July, when 0.8% increase was expected. This is bearish for USDCHF. However technical setup is bullish for USDCHF.

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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.