Trend Daily Chart
21 HR EMA
55 HR EMA
Trend Hourly Chart
13 HR RSI
14 HR DMI
Consolidation with downside bias
0.9784 - Wed's European low (now res)
0.9752 - Y'day's European high
0.9720 - Tue's low (now res)
0.9604 - Y'day's low
0.9567 - Last Wed's low
0.9525 - Hourly res (now sup)
USD/CHF - 0.9622.. Dlr met renewed selling at 0.9777 in Aust. y'day n penetrated Tue's 0.9720 bottom in Europe n later hit session lows at 0.9604 in NY on usd's broad-based weakness as well as falling U.S. Treasury yields.
On the bigger picture, dlr's early rally fm 2018 31-month trough of 0.91 88 in mid-Feb to a 2-year peak at 1.0238 in Apr last year confirms the downtrend fm 2016 6-year peak at 1.0344 has made a low there. Having said that, although dlr fell fm 1.0027 (Oct) to 0.9614, then brief break of 2018 trough at 0.9188 (Feb) to a 4-1/2 year bottom at 0.9184 in Mar, subsequent rally on usd's broad- based strength due to coronavirus outbreak to 0.9903 Fri suggests low made. However, subsequent selloff to 0.9604 on Thur signals top is in place n below 0.9567/69 would head to 0.9440/50 but 0.9393 should remain intact n yield rebound later. Only abv 0.9784 indicates correction over, 0.9845, 0.9903.
Today, as y'day's break of Tue's 0.9720 low confirms decline fm Mon's 3- month 0.9903 peak has resumed and below 0.9640/50 would extend decline to 0.9600, however, as hourly oscillators' readings would be in oversold condition, reckon 0.9567 should hold. Only abv 0.9751 indicates low made n risks 0.9777/84.
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.