FX:USDCHF   U.S. Dollar / Swiss Franc
36 0 1
Current trend

Since the beginning of the week, the USD/CHF             pair was declining.
The pair was falling despite the publication of poor data in Switzerland that came out significantly worse than forecasts and strong statistics on the US labour market. The Swiss GDP in the third quarter failed to show any growth, Real Retail Sales shrank by 0.8%, while the SVME Purchasing Managers’ Index fell to 49.7 points.
The main pressure on the pair resulted from increased cautiousness on the market prior to the publication of key statistics in the US that pushed investors to switch their funds into the safe-haven Franc.
Today attention needs to be paid to the ECB Press conference and its Interest Rate Decision, Fed’s Yellen testifies, FOMC Member Mester speech, and Markit and ISM PMI’s in the US.

Support and resistance

On the 4-hour chart, the pair is moving along an ascending channel with the lower border near the level of 1.0185 and upper border above the level of 1.0340.
A downward correction can continue to the levels of 1.0180, 1.0130. At the same time, a growth in the pair can go up to the level of 1.0600 (EMA144 on the monthly chart).
On the daily chart , OsMA and Stochastic recommend short positions, while on the 4-hour chart they are turning to purchases.

Support levels: 1.0230, 1.0185, 1.0130, 1.0000, 0.9880, 0.9800.
Resistance levels: 1.0300, 1.0340, 1.0400.

Trading tips

Pending sell orders can be placed at the level of 1.0180 with targets at 1.0100, 1.0080, 1.0000 and stop-loss at 1.0220.
Pending buy orders can be placed at the level of 1.0240 with targets at 1.0300, 1.0340, 1.0400, 1.0600 and stop-loss at 1.0190.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out