USD/CHF weekly outlook 10-04-2017 ----------14-04-2017 (AP)
Hey Fellas,
USD/CHF:
1.Technical Analysis
~Swissy has confirmed its bullish tendencies on short-term charts, alluding to the longer-term formation in the pair.
~Last week highlighted an interesting potential support level of higher-low around the 0.9950 area.
~A dip below that level, and traders would likely question the prospect of continued bullishness. However, that recent higher-high, higher low seen around the 0.9968 level did indeed signal the return of bullish price action. The pair broke above parity and has continued strengthening, targeting the resistance levels around 1.0074, with support back around that 0.9969 level.
~The longer-term technical picture suggests a long-term bullish bias since the Swiss National Bank unpegged the Franc in January 2015.
2.Fundamental Analysis:
~14-April-2017 Friday 12:30 pm (IST) retail sale & CPI of US.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Altaf Palwala
USD/CHF:
1.Technical Analysis
~Swissy has confirmed its bullish tendencies on short-term charts, alluding to the longer-term formation in the pair.
~Last week highlighted an interesting potential support level of higher-low around the 0.9950 area.
~A dip below that level, and traders would likely question the prospect of continued bullishness. However, that recent higher-high, higher low seen around the 0.9968 level did indeed signal the return of bullish price action. The pair broke above parity and has continued strengthening, targeting the resistance levels around 1.0074, with support back around that 0.9969 level.
~The longer-term technical picture suggests a long-term bullish bias since the Swiss National Bank unpegged the Franc in January 2015.
2.Fundamental Analysis:
~14-April-2017 Friday 12:30 pm (IST) retail sale & CPI of US.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Altaf Palwala