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USD/CHF Technical Analysis - USD/CHF Trading: 2022-08-30
USD/CHF Technical Analysis Summary
Above 0.9724
Buy Stop
Below 0.9670
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| 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 is retracing higher above the 200-period moving average MA(200) which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.9724. 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 0.9670. 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
KOF economic index continued to decline in August in Switzerland. Will the USDCHF price advance continue?
The KOF Economic Research Agency reported the KOF Economic Barometer index declined to 86.5 points in August from 90.5 in July. The continued decline was mainly attributed to declining private consumption, but the manufacturing sector and the construction industry also joined the negative trend. Weaker performance of Swiss economy is bullish for USDCHF.
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