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USD CHF Technical Analysis - USD CHF Trading: 2024-03-05
USD/CHF Technical Analysis Summary
Above 0.8891
Buy Stop
Below 0.8742
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The technical analysis of the USDCHF price chart on daily timeframe shows USDCHF,Daily has breached above the 200-period moving average MA(200) which is declining itself. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.8891. 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 0.8742. After placing the order, the stop loss is to be moved to the next fractal low 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 consumer price inflation slowed less than expected in February. Will the USDCHF price rebounding continue?
Swiss consumer price inflation (CPI) slowed less than expected in February. Federal Statistics Office reported CPI rose 1.2% from a year ago in February, down from 1.3% growth in January but above forecast of 1.1%. The core inflation, which excludes volatile elements like energy and food, slowed to 1.1%. CPI increased by 0.6% in February compared with the previous month after 0.2% growth in January. Main contributors to inflation were rising prices for housing rentals and for air transport. The stickier inflation may be used as a justification for policy makers’ gradual approach to policy change from monetary tightening to easing, undermining views that the central bank might accelerate its timeline for monetary loosening with the next policy meeting scheduled for March 21. Higher than anticipated Swiss consumer prices inflation is bullish for Swiss franc and bearish for USDCHF. However, the current setup is bullish for the currency pair.
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