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USD CHF Technical Analysis - USD CHF Trading: 2020-12-23
USD/CHF Technical Analysis Summary
Above 0,892
Buy Stop
Below 0,882
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Neutral |
| MA(200) | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
On the daily timeframe, USDCHF: D1 is trying to correct up from a 6-year minimum. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish move if USDCHF rises above its latest high: 0.882. This level can be used as an entry point. We can place a stop loss below the Parabolic signal and the last down fractal: 0.892. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (0.882) without activating the order (0.892), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.
Fundamental Analysis of Forex - USD/CHF
Swiss National Bank (SNB) will publish its Q4 economic review on Wednesday. Will the USDCHF quotes grow ?
The upward movement means the weakening of the Swiss franc against the greenback. The SNB had previously expressed concern about the over-strengthening of the Swiss franc. Most likely, the SNB will pay attention to this issue in the next quarterly review. At its last meeting on 17 December, the SNB announced that the negative rate (-0.75%) would remain for a long time.
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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.
