USD/CHF Technical Analysis: Positive beyond 200-day SMA, 50% Fibo.


  • USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement.
  • A downside break of 0.9948 could recall 0.9900 on the chart
  • Bullish MACD keeps buyers hopeful.

The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour. The prices seesaw around 0.9970 during early Monday.

Also favoring the buyers are the bullish signals from 12-bar Moving Average Convergence and Divergence (MACD).

As a result, prices could keep targeting a sustained move beyond October 15 high around 1.0000, also clearing 61.8% Fibonacci retracement level of 1.0016, to question May-end top near 1.0100.

On the contrary, pair’s declines below 50% Fibonacci retracement level of 0.9948 could drag the quote to 0.9900 while the monthly bottom close to 0.9850 and the October 18 low of 0.9837 might please sellers then after.

In a case where bears keep the reins after 0.9837, 23.6% Fibonacci retracement level of 0.9795 will be on their radars.

USD/CHF daily chart

Trend: Bullish

additional important levels

Overview
Today last price 0.9972
Today Daily Change -5 pips
Today Daily Change % -0.05%
Today daily open 0.9977
 
Trends
Daily SMA20 0.9916
Daily SMA50 0.992
Daily SMA100 0.9874
Daily SMA200 0.9955
 
Levels
Previous Daily High 0.998
Previous Daily Low 0.9937
Previous Weekly High 0.998
Previous Weekly Low 0.9852
Previous Monthly High 1.0028
Previous Monthly Low 0.9837
Daily Fibonacci 38.2% 0.9964
Daily Fibonacci 61.8% 0.9953
Daily Pivot Point S1 0.9949
Daily Pivot Point S2 0.9922
Daily Pivot Point S3 0.9906
Daily Pivot Point R1 0.9992
Daily Pivot Point R2 1.0008
Daily Pivot Point R3 1.0035

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Bearish hammer on D1 ahead of ECB minutes

EUR/USD is looking heavy ahead of the minutes of the ECB Oct policy meeting, which are expected to show the members stand divided on which course to take. Waning trade optimism will likely keep the EUR on the defensive.

EUR/USD News

GBP/USD turns positive above 21-DMA as challenges to Tories recede

With the Tory supporters paying little heed to the previous day’s ITV debate, not to forget a surprise turnaround in the opposition Labour party loyalists, GBP/USD trades  better bid above 1.2900 while heading into the London open on Thu.

GBP/USD News

USD/JPY bounces-off 50-DMA but lacks follow-through

USD/JPY has bounced up from the 50-day MA support of 108.28. China's Vice Premier Liu He is cautiously optimistic about the prospects of the US-China trade deal. Related markets, however, are not buying Liu He's optimism, keeping the recovery in check. 

USD/JPY News

Gold: Doji on D1 questions bulls amid mixed trade sentiment

Although the United States’ (US) support for Hong Kong protesters favors the broad risk-off momentum, the mixed response from Chinese diplomats and a bearish candlestick formation question Gold buyers around $1,473 during early Thursday.

Gold News

Hong Kong now a feature in trade negotiations?

The US Senate and House have both passed the Hong Kong Human Rights and Democracy Bill, so now it heads to the desk of US President Trump to either sign or veto it. Sources suggest that the President will sign it into law.

Read more

Forex MAJORS

Cryptocurrencies

Signatures