Daily Technical and Trading Outlook - USD/CHF

   DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 21 Apr 2017 00:02GMT

Trend Daily Chart
Sideways

Daily Indicators
Neutral

21 HR EMA
0.9975

55 HR EMA
0.9981

Trend Hourly Chart
Sideways

Hourly Indicators
Rising

13 HR RSI
64

14 HR DMI
+ve

Daily Analysis
Consolidation b4 one more fall

Resistance
1.0058 - Mon's high
1.0025 - 50% r of 1.0108-0.9956
1.0009 - Last Thur's low (now res)

Support
0.9941 - Y'day's fresh 3-week high
0.9926 - 6.8% r of 0.9814-1.0108
0.9900 - 707.% r of 0.9814-1.0108

  • USD/CHF - 0.9990... Although dlr fell to a fresh 3-week low of 0.9941 in European morning due to the rally in euro, intra-day decline in euro in NY after noon on news of Paris shooting sent price rising back to 0.9992 in Aust. today.

  • On the daily chart, despite dlr's resumption of MT downtrend fm 2016 6- year peak at 1.0344 after breaking Jan's low at 0.9862 to a 4-month bottom at 0.9814 in Mar, subsequent rise due to broad-based usd rally to as high as 1.0108 last Mon suggests said 3-legged decline has ended as this level was also accompanied by 'bullish convergences' on the daily oscillators. Having said that, dlr's fall to 0.9941 y'day suggests said upmove fm 0.9814 has formed a top n con solidation with downside bias is in store for weakness to 0.9926 (61.8% r), a daily close below 0.9862 (Jan low) would retain bearishness for possible re-test of 0.9814 later. Only a daily close abv 1.0009 would signal pullback fm 1.0108 has ended n yield another rise twd 1.0089 next week.

  • Today, as dlr's low at 0.9941 on Thur was accompanied by 'bullish conver gences' on the hourly indicators, subsequent strg rebound confirms temp. low is made n consolidation is seen b4 down. Only abv 1.0009/11 risks 1.0040/50.

USDCHF

 

Interested in USD/CHF technicals? Check out the key levels

    1. R3 1.0058
    2. R2 1.0025
    3. R1 1.0006
  1. PP 0.9973
    1. S1 0.9954
    2. S2 0.9921
    3. S3 0.9902

 

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