DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 28 Sep 2016 01:06GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
0.9703
55 HR EMA
0.9701
Trend Hourly Chart
Sideways
Hourly Indicators
Neutral
13 HR RSI
53
14 HR DMI
+ve
Daily Analysis
Consolidation b4 one more fall
Resistance
0.9805 - Last WEd's NY high
0.9761 - Last Tue's low (now res)
0.9743 - Last Fri's high
Support
0.9651 - Sep 08 low
0.9631 - Aug 26 low
0.9604 - 80.9% r of 0.9538-0.9885
-
USD/CHF - 0.9707.. Despite inching higher to 0.9706 in early Europe, dlr briefly fell to 0.9661 on selling in eur/chf cross. However, price erased intra- day losses n rallied to session high of 0.9729 in NY morning b4 retreating.
-
On the daily chart, dlr's strg retreat fm 0.9885 in the beginning of Sep to 0.9651 n subsequent rebound to 0.9819, then followed by last week's weakness to 0.9658 suggests the 3-month long broad sideways swings fm Jun's 0.9522 bottom would continue with downside bias, a daily close below 0.9651 would retain bear- ishness for weakness twd daily pivotal sup at 0.9538 (Aug's low) where a break there would yield re-test of 0.9522 in Oct. Our weekly strategy is holding a short position in anticipation of further weakness to indicated downside targets n only abv 0.9761 may risk another bounce twd 0.9816/19 where a break there would shift risk to the upside for gain twd 0.9885.
-
Today, although dlr's 3-day sideways swings fm last week's low at 0.9658 (Thur) suggests further range trading is in store, as long as 0.9743 (Fri's reac tion high holds), re-test of 0.9651 (Sep low) is likely, break would extend fall fm 0.9885 twd 0.9604 later. Only a daily close abv 0.9743 risks 0.9780/90.
-636106467234046793.png)
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.