USD/CHF

The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets. Reversal pattern is forming on daily chart after Thursday's action was strongly rejected at the downside and Friday's rally is about to complete the pattern. Thursday's daily candle with long tail underpins the action, along with rising momentum and stochastic which reversed from oversold territory and heads north. Fresh bulls cracked pivotal barrier at 0.9687 (daily Tenkan-sen, also 50% retracement of 0.9761/0.9612 bear-leg), with daily close above here to generate bullish signal and expose targets at 0.9704 (Fibo 61.8%); 0.9744 (daily Kijun-sen) , with key barriers at 0.9761/69 (10 Jan high / Fibo 38.2% of 1.0023/0.9612 fall) expected to come in focus on stronger bullish acceleration.

Res: 0.9692; 0.9704; 0.9744; 0.9769
Sup: 0.9661; 0.9640; 0.9612; 0.9588

USDCHF

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD slips back to low ground amid coronavirus concerns

EUR/USD is trading closer to 1.08 coronavirus headlines are weighing heavily on the market. The US dollar remains bid despite falling US yields.  Earlier, the German IFO Business Climate beat with 96.1.

EUR/USD News

GBP/USD dips below 1.29 on USD strength

GBP/USD has dipped below 1.29 as the dollar gains ground amid coronavirus headlines. The EU and the UK prepare for formal post-Brexit due to talks kicking off next week. 

GBP/USD News

Crypto market consolidates prices while crushing traders' emotions

Top 3 prices remain in range and contradict indicators pointing south. Mild "fear" sentiment is inconsistent with prices in the upper range of the upward movement. XRP may be the surprise of the week and bounce upwards for technical reasons.

Read more

Gold hits fresh multi-year tops, eyeing $1700 mark

Gold continues scaling higher amid a fresh wave of the global risk-aversion trade. Heightened fears about the economic impact of the deadly coronavirus rattled investors. Absent relevant economic data is unlikely to hinder the ongoing strong move up.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors

Cryptocurrencies

Signatures