- Analytics
- Technical Analysis
USD/CHF Technical Analysis - USD/CHF Trading: 2021-06-30
USD/CHF Technical Analysis Summary
Above 0.9236
Buy Stop
Below 0.9141
Stop Loss
| Indicator | Signal |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
| On Balance Volume | Neutral |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The USDCHF technical analysis of the price chart on daily timeframe shows USDCHF,Daily is rebounding above the 200-day moving average MA(200) which is starting to rise. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.9236. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9141. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CHF
Swiss economic data have been improving in last couple of weeks. Will the USDCHF reverse its climbing?
Statistical data portray improving Swiss economic performance. Thus, producer and import prices rose more than expected in May, and trade surplus rose in May instead of declining. Swiss Federal Statistical Office reported Producer Prices Index in Switzerland increased 0.8% over month in May after 0.7% growth in April, when 0.4% increase was expected. Balance of trade surplus rose to 4.3 billion Swiss francs from 3.3 billion in April when a decline to 2.9 billion was expected. This is bearish for USDCHF. However technical setup is bullish for USDCHF.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Instant Execution
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.