24 September, 2015
The USD is strengthening against most currencies and the CHF is no exception.
Recent comments, given by the US official, confirm that the Federal Reserve is still confident on the prospects of the US economic growth and sees no reason to delay a rate hike. Moreover, the USD/CHF pair gained support from exports statistics, released in Switzerland. In August, the indicator fell from 17965 million to 14232 million that negatively affected a trade surplus, which declined from 3579 million to 2869 million.
Support and resistance
Bollinger Bands indicator on the daily chart is moving slightly up. The price range is widening, but the pair is trading near the upper MA. MACD is growing and keeping a buy signal. Stochastic is in the overbought zone and is starting turning down.
According to the indicators, long positions are still valid, however, a downward correction is likely to start in the short run.
Support levels: 0.9762, 0.9717, 0.9688, 0.9649, 0.9600, 0.9568, 0.9524 (18 September local low), 0.9500, 0.9460, 0.9400, 0.9330, 0.9300, 0.9257 (24 August low).
Resistance levels: 0.9800, 0.9822 (9 September local high), 0.9862, 0.9900 (11 August high), 0.9930.
Long positions can be opened after the breakout of the level of 0.9800 (with appropriate indicators signals) with the target at 0.9880 and stop-loss at 0.9770. However, at present, the indicators do not support the pair growth. Validity: 2-4 days.
The pair is more likely to decline during a downward correction. Short positions can be opened only after the consolidation below the level of 0.9740 with the target at 0.9660 and stop-loss at 0.9780. Validity: 2 days.
Since December 2015 the index S&P500 has been in the downtrend. In February, the index fell to the level of 2108.0, which is almost 15%. In the past 4 sessions the index had adjusted, approaching the level of 1935.0...
On the 4-hour chart, the price is testing the level of 1210.80 (23.6% correction); the ascending 38.2% fan line is an additional resistance for the price. If this resistance area is overcome, a growth would continue to 1224.90 and 1249.25...
Yesterday, the price of silver fell to last Thursday’s opening levels, when a new local low since the end of October 2015 was reached. Prices of commodity assets are falling as risk appetite is gradually returning to the market...
Yesterday the pair showed choppy trade and closed at its opening level. The price was pressured by growth in the European stock markets and Fed Chair Janet Yellen testimony before the US Congress...
The Company ranks 23th on capitalization in the finance sector among the Issuers, trading in the American stock market. On 22 January the company reported for Q4 of the fiscal year of 2015. The company has been demonstrating negative dynamics for the last few quarters...
Since the opening of the trading day the price of crude oil Brent is declining. On the hourly chart the price has broken down the first support level of 34.35 (ÅÌÀ50), which is ÅÌÀ200 on the four-hour chart...
The price of gold has returned to the level of 1190.00 USD per troy ounce, (which is had at the beginning of November), regaining half of the losses since mid-October 2015. On the daily chart the price has broken down strong resistance levels 1129.00 (ÅÌÀ200)...
Amid sharp decline in the global stock indices since the beginning of the year European index EUROSTOXX50 has lost about 14%. During the final surge of decline from 3515.0 to 2840.0 last December, the price has managed to go above the level of 23.6% Fibonacci...
On the daily chart the price has broken down the upper line of the downward channel at the level of 35.50. Although, on the daily chart the indicators OsMA and Stochastic recommend long positions; on the four-hour chart the indicators give signals in favor of the sell positions...