USD/CHF overview for July 10, 2015

July 10, 2015

General overview

The Swiss franc fell against the dollar amid the US dollar recovery. Nevertheless the franc strengthened by the end of the day. The FOMC meeting minutes did not have a significant impact on the market: many members of the Committee expressed concern about the situation in Greece. Most of members would have preferred to see the labor market further progress before the rate increase.

The price is finding the first support at 0.9370, the next one is at 0.9280. The price is finding the first resistance at 0.9540, the next one is at 0.9750.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is correcting.

Trading recommendations

We advise to long with the first target - 0.9540. When the pair consolidates above the first target, we can open deals to the level of 0.9750.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 7, 2016
Will ECB support Italy?
The yield of the Italian sovereign debt fell on Tuesday as the focus moved to the political uncertainty on the market. After Renzi’s crash on the weekend and the expectations of the ECB measures to deal with the possible fallout of the financial markets...
December 7, 2016
WTI bears on the prowl
WTI Crude was vulnerable to sharp losses on Tuesday following reports of OPEC output rising to a worrying record high of 34.19 million barrels per day in November which revived the oversupply concerns
December 7, 2016
CAD claws back ground
The Canadian dollar has finally managed to gain some ground against the strong USD after weeks of the market waiting for it to react to oil prices beginning to show some turn after the recent OPEC agreements...

Tickmill Rating
FxPro Rating
EXNESS Rating
FOREX.com Rating
FBS Rating
Orbex Rating

Empire Option Rating
24option Rating
Grand Option Rating
365BinaryOption Rating
Beeoptions Rating
IQ Option Rating