USD CHF Technical Analysis | USD CHF Trading: 2023-11-30 | IFCM
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USD CHF Technical Analysis - USD CHF Trading: 2023-11-30

USD/CHF Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 0.8716

Sell Stop

Above 0.8873

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2427
Donchian Channel Sell
MA(200) Sell
MA(100) Sell
Parabolic SAR Sell

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 retreating after returning under the 200-period moving average MA(200) which is falling itself. RSI is in oversold zone. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.8716. 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 0.8873. After placing the order, the stop loss is to be moved to the next fractal high 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 investors’ sentiment improved slightly in November. Will the USDCHF price retreating continue?

Swiss investors’ sentiment improved slightly in November. The Credit Suisse Economic Expectations index rose to -29.6 points in November from -37.8 in October. Readings above 0.0 indicate optimism, below indicate pessimism. This diffusion index is based on responses of surveyed institutional investors and analysts who are being asked to rate the relative 6-month economic outlook for Switzerland. While the indicator still points to a downturn in the economy, the improvement in sentiment is bullish for Swiss franc and hence bearish for USDCHF currency pair.

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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.

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