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USD CHF Technical Analysis - USD CHF Trading: 2020-12-18
USD/CHF Technical Analysis Summary
Below 0.8822
Sell Stop
Above 0.8946
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Sell |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The USDCHF technical analysis of the price chart on daily timeframe shows USDCHF: Daily is retracing down under the 200-period moving average MA(200) which is declining. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.8822. 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 0.8946. 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
Swiss trade surplus rose more than expected in November. Will the USDCHF retreat continue?
Swiss trade surplus rose more than expected in November: trade surplus rose to 4.46 billion francs from 3.86 billion in October when an increase to 4.12 billion was expected. Foreign trade increased as both exports and imports rose. Thus, exports rose 4.8% in November when imports increased 4.2%. It was the first month with growth in exports for the last three months. Rising Swiss trade surplus is bearish for USDCHF.
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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.
