DAILY USD/CHF TECHNICAL OUTLOOKLast Update At 29 Sep 2015 00:03GMT
Trend Daily Chart
Up
Daily Indicators
Rising
21 HR EMA
0.9762
55 HR EMA
0.9770
Trend Hourly Chart
Sideways
Hourly Indicators
Falling
13 HR RSI
42
14 HR DMI
-ve
Daily Analysis
Choppy trading to continue
Resistance
0.9879 - 61.8% proj. 0.9257-0.9825 fm 0.9528
0.9844 - Last Fri's 4-1/2 mth high
0.9816 - Y'day's high
Support
0.9723 - Y'day's low
0.9708 - Last Tue's NY low
0.9668 - Last Thur's low
. USD/CHF - 0.9795... Although the greenback edged up to session high at 0.9816 in European morning Mon, price pared its gains n tumbled to intra-day low at 0.9723 in NY morning on dlr's broad-based weakness b4 recovering to 0.9756.
. On the bigger picture 1st, dlr's anticipated rally abv previous Sep's 0.9825 top to 0.9844 on Fri suggests re-test of Aug's 4-1/2 month peak at 0.9903 would be seen this week, possibly ahead of Fri's key U.S. non-farm payrolls, a break of this lvl would confirm medium-term rise fm 0.9072 (May's bottom) has finally resumed n would bode well for further headway to 'psychological' target at 1.000. Having said that, as both hourly & daily technical indicators would display 'bearish divergences' on such move, reckon res at 1.0129 would hold fm here n risk has increased for a correction to occur. In view of abv analysis, buying dlr again on dips is recommended n only below 0.9668 may risk 0.9528.
. Today, as y'day's selloff to 0.9723 suggests a temp. top has been made at 0.9844 (Fri), we are selling dlr on pullback for 0.9685 or buy if price drops first for subsequent gain twds 0.9750 as last Thur's low at 0.9668 shud remain intact today.
_20150929074043.png "chf")
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.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.