USD/CHF is the abbreviation for the U.S. dollar and Swiss Franc pair for the currencies of the United States and Switzerland. This cross belongs to the group of ‘Majors’. In the last 5 years, USD/CHF reached its maximum price of 1.03017 on December 15th 2016 and a record low of 0.8563 on January 16 2015.
The indices that most affect the USD/CHF moves are the SIX Swiss Exchange (Switzerland's principal stock exchange), DAX (Deutscher Aktienindex, German stock index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange), CAC40 (Cotation Assistée en Continu, a benchmark French stock market index which measures the 40 most significant values among the 100 highest market caps on the Euronext Paris), FTSE 100 (share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization), DOW (DJIA, Dow Jones Industrial Average, an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market) and the S&P500 (American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ).
HOW TO USE THE CHART - OPTIONS TO CUSTOMIZE
If you click on , you will see the chart full screen with all the options and tools.
Horizontal bar options:
At the top of the USD/CHF chart, you have the following features for you to customize it:
- Save and Load: you can create and save your favorite configurations for future usage. You can also replicate a template from one chart to other charts.
- USD/CHF: on this chart, by default, you will see the USD/CHF but you can change it and choose another asset
- Timeframe: from tick-by-tick to yearly
- Chart type: candlesticks, line chart, bar chart,...
- Compare charts: you can analyze the price history of two assets and analyze relative performance over a period of time. You can also benchmark an instrument to an index.
- Show additional data on the chart: Percentage scale (%): The first loaded Close price represents 0%. This mode is useful to compare the performance of several symbols; Volume: Show or hide the volume of the main symbol in a new panel; L: Show or hide Last Value
- Add indicator: choose among over 70 technical indicators to add on your chart. Indicators are applied to the price data of the main symbol in your chart.
- Reload, Zoom in/out, Print, Export as PNG image, Set the zero point, Open in full screen, Sound notifications on/off
Vertical bar options:
At the left of the USD/CHF chart, you have the drawing tools like trend lines, trend channels, Fibonacci retracements and many more to interpret the price development of a symbol. With most drawing tools, you have to define one or more reference points that indicate where the drawing object should be placed on the chart. You can later move these reference points by dragging them with the mouse.
USD, EUR AND CHF CORRELATION
The relationship between the Swiss Franc and the Euro has great impact on the USD/CHF pair. Why is that? The FXTM team explains: “the Swiss franc tends to rise against the US dollar when the euro does. Because of this, the EUR/ USD and USD/CHF currency pairs are strongly negatively correlated – the correlation can be as strong as -95%.” Understanding this correlation is essential in terms of risk management: “For instance, if you take a short position in USD/CHF and a long one in the EUR/USD, you are essentially doubling your risk. If the two currency pairs weren’t strongly correlated, then they could rise and fall independently. However, the correlation means that you will gain or lose on both positions at the same time – compounding your losses or profits.” Read the full article
To complete your analysis of the USD/JPY, we recommend you to have a look at the USD/CHF Forecast Poll, an exchange rates heat map of where sentiment and expectations are going.
You can also consider using the FXS Technical Confluences Detector is an in-house tool, developed by FXStreet experts, that allows you to identify those price levels where congestion of indicators like moving averages, Fibonacci levels, Pivot Points occurs. Knowing where these congestion points are located is very helpful as it allows the trader to see these areas of support and resistance easily.
MOST INFLUENTIAL ECONOMIC DATA FOR USD/CHF
The economic indicators that might have the most significant impact on the price of the USD/JPY pair are:
- SNB Interest Rate: Interest rates typically reflect the health of economies. In a perfect scenario, the Swiss National Bank tends to rise rates when the economy is growing and therefore instigate inflation. Rate cuts on the other hand are a way to stimulate a struggling economy. If the SNB is hawkish about the inflationary outlook of the economy and raises the interest rates, it is positive, or bullish, for the CHF. (See our Worldwide Interest Rates table)
- Swiss Trade Balance, a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for Swiss exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CHF.
- Swiss GBP (Gross Domestic Product), the total market value of all final goods and services produced in Switzerland. The GDP of a country is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the CHF, while a low reading is negative.
- SARON (Swiss Average Rate Overnight) is an overnight interest rates average referencing the Swiss Franc interbank repo market. Some define it as the “Swiss Franc LIBOR”. On the SNB website, we can read that “overnight interest rates are of central significance for the determination of yield curves in the international fixed interest markets.”
- Currencies: This group includes the following currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CAD and EUR/GBP.
USD/CHF Exchange Rate Chart
Real time USD/CHF chart. It presents a vast range of technical indicators (over 70) as Linear Regression, CCI, ADX and many more. You can detach the chart and see it full screen. And also you could choose over 1000 charts in real-time with Interbank rates (including Commodities and Indices, 22 different time frames and flexible line tools.