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Thread: USD/CHF technical analysis

  1. #1
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    Default USD/CHF technical analysis

    Weekly forecast for August 3-7. The resistance level at 0.9700 is also a big challenge to bulls, for price could not break above it last week in spite of sincere effort by the bulls. A break above that resistance level would thus result in a smooth continuation of the extant bullish trend. The outlook would go bearish as soon as the support level at 0.9550 is breached to the downside.


  2. #2

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    So, this currency pair has a strong correction after decrease, and you had better try to sell it from new High point.

  3. #3

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    This currency pair is going to very strong resistance level of 0,9894. If it managed to break it, you had better make a buy order.

  4. #4
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    Well, There was a slight downward trend on this pair daily chart. Some upward correction is expected to appear on Monday.

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    A bullish breakout that returns the price to 0.9648 any time soon would probably hit a great resistant confluence and be a good place to seek a short trade.

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    Long entry after bullish price action on the H1 time frame following a touch of the bullish trend line currently sitting at around 0.9885.

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    The price has been rising along with the strengthening USD so far since this week’s open, but the only key levels anywhere close by are probable resistance levels at 1.0050 and 1.0091.

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    I’d be willing to buy short-term pullbacks that show signs of support as well, and would necessarily look for daily charts as trade signals. I think it is possible to trade this market from the short-term, as long as you continue to buy and not sell. Quite frankly, I would not be surprise at all to see this market go above parity and towards the 1.03 level given enough time. The Swiss National Bank has been working against the value the Swiss franc overall, so of course it should continue to soften over the longer term.

  9. #9
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    The USD/CHF was in the point of making a pivot in the end of the week. I guess the chart will go down, so I'm going to open a sell.


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analysis, forecast, level, mql, mql5, resistance, support, technical analysis, trend, usd

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