fxsoriginal  Daily USD/CHF technical outlook

Last Update At 28 Jul 2021 00:53GMT.

Trend daily chart


Daily Indicators

Turning down





Trend hourly chart

Near term down

Hourly Indicators

Rising fm o/s





Daily analysis

Consolidation with a downside bias.


0.9274 - Jul's high (2nd).
0.9232 - Jul 20 high.
0.9186 - Tue's high.


0.9130 - Tue's low.
0.9118 - Jul's low (15th).
0.9053 - Jun 04 high (now sup).

USD/CHF - 0.9149.. Although DLR found renewed buying at 0.9149 at Asian open Tue n rose to 0.9186 in Europe on rebound in eur/chf cross, price quickly erased intra-day gain n tumbled in NY to 0.9130 on usd's broad-based weakness.

On the bigger picture, dlr's impressive rise fm Jan's near 6-year bottom at 0.8758 to as high as 0.9472 on the 1st day of Apr due to rally in U.S. yields suggests erratic fall FM 1.0344 (2016 peak) to retrace LT rise fm 2015 record low at 0.7360 has possibly ended n price is en route to 0.9551 (50% r). Having said that, DLR's decline to a 3-1/2 month 0.8927 low in early Jun due to broadbased usd's weakness signals upmove fm 0.8758 has made a top. Despite dlr's rally to 0.9274 in Jul, dlr's drop to 0.9118 on chf buying signals temp. top is made, last week's rebound to 0.9232 suggests pullback possibly over, abv 0.9274, 0.9320/30 later this month. Only below 0.9118 risks stronger retrace. to 0.9053.

Today, although day's selloff from 0.9186 to 0.9130 suggests consolidation with downside bias remains, below Jul's low at 0.9118 needed to extend fall from 0.9274 to 0.9077/80, 'bullish convergences' on hourly indicators would keep price abv 0.9053. A daily close abv 0.9186 signals low, 0.9232, 0.9260/70 later.


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.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD remains pressured after US data misses estimates

EUR/USD is trading closer to 1.1750, paring its recovery from earlier in the day as the safe-haven dollar is bid. US Consumer Sentiment missed estimates with 72 points in September. The financial woes of China's Evergrande are weighing on sentiment.


GBP/USD trades under 1.38 amid on UK data, dollar strength

GBP/USD is on the back foot, trading under 1.38 after UK Retail Sales figures disappointed with -0.9% in August, worse than expected. Brexit uncertainty and dollar demand weighed on the pair earlier. 


XAU/USD surrenders intraday gains, drops closer to $1,750 level

Gold struggled to preserve its intraday gains and dropped to the lower end of the daily trading range during the early North American session. 

Gold News

Experts say Ripple will win SEC lawsuit, which might propel XRP to new all-time highs

The latest development in the ongoing SEC vs. Ripple lawsuit is that documents are classified as privileged and blocked for public viewing. Though institutional investors are yet to take big bets on the altcoin in 2021, retail investors are actively trading in XRP.

Read more

US Michigan Consumer Sentiment Preview: Markets will have to look hard for positive signs

Consumer outlook expected to rebound to 72.2 in September. August’s 70.2 was the lowest since December 2011. Inflation and Delta variant wearing on US optimism. Markets face negative dollar risk from fading consumer optimism.

Read more