USD/CHF analysis for May 30, 2016

30 May, 2016

Employment Level index in Switzerland decreased in the last quarter. According to the Swiss Federal Statistical Office, the index (seasonally corrected) showed 4,880M vs. previous 4,897M.

Current situation

The USD/CHF was in a range 0.9850-0.9940 last week. The pair could grow to 0.9940, but did not break it. The pair corrected downwards to 0.9850 where it turned upwards again. The Janet Yellen’s speech supported the dollar and the pair grew and touched 0.9940. The support comes in at 0.9850, the resistance lies 0.9940.

MACD is in a positive area. The histogram is on the level of the signal line. MACD kept growing. The signal is bullish. RSI approached the overbought level of 70.

Trading recommendations

We expect the 0.9940 line break that will open the way for the buyers to 1.0020.


Source link   Presented by Fort Financial Services

USD/CHF slides farther below 0.9900

The USD/CHF pair traded with a negative bias through the early European session on Friday and is currently placed at the lower end of...

USD/CHF after the breakdown

Last week USD/CHF broke below the uptrend support line of 2018. It's now providing resistance for the price at 0.9965. Another obstacle on the upside is...

USDCHF profit target reached perfectly

Price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement...


USDCHF approaching major resistance

Price has reached our profit target perfectly from Monday. We prepare to sell below major resistance at 0.9770 (Fibonacci extension, horizontal swing...

USDCHF dropping perfectly

Price has started to drop really nicely from our selling area and we remain bearish for a further drop below 0.9735 resistance...

USDCHF testing major resistance

Sell below 0.9956. Stop loss at 0.9975. Take profit at 0.9896. Stochastic (34,5,3) is seeing descending resistance...


Dollar/Swissie Eyes Parity

USD/CHF is eyeing a break back below parity and if this is seen, look for the 200 day...

USDCHF at major resistance

The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people...

USDCHF look to buy on strong support

Reason for the trading strategy (technically): Price continues to test major support at 0.9925 (Fibonacci retracement...

  


Share it on:   or