DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 16 Apr 2019 00:08GMT

Trend Daily Chart
Sideways

Daily Indicators
Rising

21 HR EMA
1.0033

55 HR EMA
1.0027

Trend Hourly Chart
Up

Hourly Indicators
Rising

13 HR RSI
60

14 HR DMI
+ve

Daily Analysis
One more rise b4 retreat

Resistance
1.0124 - Mar's 15-week high (7th)
1.0098 - Feb's high (14th)
1.0046 - Last Thur's 3-week high

Support
0.9997 - Last Fri's low
0.9978 - Last week's low (Mon)
0.9954 - Apr 03 low

  • USD/CHF - 1.0038.. Despite initial retreat to 1.0009 in early European trading, price climbed steadily to session highs of 1.0046 in NY afternoon due to renewed buying in eur/chf cross n closed near the day's high.

  • On the bigger picture, dlr's rally fm 2018 31-month trough of 0.9188 in mid-Feb to as high as high as 1.0068 (Jul), then to a 20-month peak at 1.0128 in mid-Nov signals downtrend fm 2016 6-year peak at 1.0344 has made a low. Despite subsequent erratic fall to a 3-month low at 0.9716 in Jan, dlr's rally to 1.0124 in early Mar suggests re-test of 1.0128 would be seen, abv would extend upmove fm 0.9188 to 1.0171, then 1.0248 later, prominent 'bearish divergence' on daily indicators should cap price below 2016 6-year peak at 1.0344. On the downside, only below 0.9878 signals choppy trading below 1.0128 would continue n risk is seen for an other fall to 0.9801, then twd 2019 low at 0.96716 (Jan).

  • Today, dlr's gain to 1.0046 Mon on renewed buying in eur/chf cross suggests recent erratic rise fm Mar's bottom at 0.9895 would head to 1.0055/60 after consolidation, however, minor 'bearish dievergence' on hourly indicators are likely to cap price below 1.0098. Below 1.0009 signals top, 0.9997, 0.9978.

USDCHF

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD retreats after strong NFP, weak German data

EUR/USD is trading below   1.11 after US Non-Farm Payrolls beat expectations with 266K and mixed wage growth. Earlier, weak German data weighed on the euro. Updates on trade are awaited.

EUR/USD News

GBP/USD shrugs off strong NFP, focuses on UK elections

GBP/USD is trading below 1.3150 but off the post-NFP lows. The US gained more jobs than expected. The Conservatives remain in the lead ahead of the debate between PM Johnson and Labour leader Corbyn.

GBP/USD News

US recession? Not so fast, a calm look at the economy and currencies ahead of the NFP

Recent US economic indicators have been downbeat, but they include silver linings and are backed by robust consumption. Valeria Bednarik, Joseph Trevisani, and Yohay Elam...

Read more

Gold drops to fresh multi-day lows on upbeat NFP report

Gold faded an intraday bullish spike to the $1480 area and tumbled to fresh multi-day lows, around the $1465 region in reaction to upbeat US monthly jobs report.

Gold News

USD/JPY: bearish ahead of US employment figures

Japanese data missed the market’s expectations, triggering fresh concerns about the economy. Focus on US employment figures, market players anticipate dismal numbers. USD/JPY is technically bearish could break below the 108.00 level.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures