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.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD grinds higher, holding close to 1.1200

As the Fed's decision approaches, the greenback comes under pressure, although the EUR is among the weakest, unable to lift its head after Draghi's dovish words on Tuesday. The Fed's dot-plot and the wording of the statement will seal the dollar's destiny.

EUR/USD News

GBP/USD extends gains above 1.2600, dollar weaker as Fed looms

The American currency eases ahead of the US Federal Reserve announcement, and despite UK inflation failed to impress. Tories will have another ballot today to keep reducing the list of candidates for PM.

GBP/USD News

USD/JPY extends consolidation below 108.50 as markets pause ahead of Fed announcements

For the third straight day this week, the USD/JPY pair is fluctuating in a tight range as investors are eagerly waiting for the FOMC to announce its policy decision and release its updated economic projections.

USD/JPY News

FOMC Preview: to be or not to be 'patient'

That concerns about a global economic slowdown had made policymakers worldwide take a dovish shift is no news. Neither is that the financial market has already priced in at least one rate cut in the US for this year.

FED news

Gold struggles to build on Tuesday's gains, sits above $1340

The troy ounce of the precious metal gained $15 on Tuesday as investors saw gold as a better investment alternative to major currencies amid the dovish shifts seen in central banks' tone.

Gold News

Majors

Cryptocurrencies

Signatures