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USD/CHF Technical Analysis - USD/CHF Trading: 2023-11-21
USD/CHF Technical Analysis Summary
Below 0.8825
Sell Stop
Above 0.8883
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Buy |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The technical analysis of the USDCHF price chart on 4-hour timeframe shows USDCHF,H4 is retreating under the 200-period moving average MA(200) after failing to breach above it. RSI is poised to breach into the oversold zone. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.8825. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.8883. After placing the order, the stop loss is to be moved to the next fractal high indicator, 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
Switzerland’s producer prices rose in October. Will the USDCHF price decline persist?
Switzerland’s producer prices rose in October. The Federal Statistical Office reported Switzerland's Producer Price Index (PPI) rose 0.2% over month in October after 0.1% decline in September, when 0.1% gain was expected. The increase was mainly due to higher prices for petroleum products, electronic components and boards as well as watches. This is bullish for the Swiss franc and bearish for USDCHF price. At the same time industrial production in Switzerland resumed growing in third quarter: Q3 industrial production increased 2% over year, rebounding from a downwardly revised 0.7% fall in the previous three-month period. Output increased for manufacturing and power generation. This is also bullish for USDCHF.
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