Written By : ForexAbode.com || Thursday, 11 December 2014 04:18 GMT

USD/CHF Analysis - December 11, 2014

Current Exchange Rate : 0.9648 at the time of analysis update.

Intraday outlook:  Neutral for USD/CHF

Since the mid-October USD/CHF has been finding support near the 55-day EMA. The recent supports also followed that trend. The current 55-day EMA is at 0.9627. We stay neutral for the downside till the pair does not break below 0.9610 decisively. 0.9620 is not just the 55-day EMA support but also represents the support of the approaching psychological ranges of 0.9500. 

On the upside the first resistance is expected at the high of the short-term sideway range at 0.9722. Even if this resistance fails then another resistance will be expected at 0.9743. Overall we expect further gains but will stay cautious till these two resistances are in place. A break of this resistance zone should take USD/CHF to retest 0.9817 and above. 

USD/CHF Daily and Hourly Charts

USD/CHF Hourly Chart      

USD/CHF analysis -hourly chart - December 11, 2014

USD/CHF Daily Chart      

USD/CHF technical analysis - daily chart - December 11, 2014

Further Resources and notes

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Note 2: Please also take a look at USD/CHF Forecast for mid-term trading approach updated on the weekends. You may also share and check USD/CHF chart alerts in the blog section and USD/CHF market sentiments in the forum and Forex blog.

 
USD/CHF Interest Rate Comparison
(For Carry Trades)
U.S. dollar (USD) interest rate
0.25%
Swiss franc (CHF) interest rate
0.00%
USD/CHF interest Rate Comparison
0.25%

USD/CHF Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Tuesday, 21 October 2014 02:35) GMT

Standard Pivot Point for USD/CHF Fibonacci Pivot Point for USD/CHF Woodie Pivot Point for USD/CHF Camarilla Pivot Point for USD/CHF
R3 0.9531 R3 0.9506     R3 0.9445
R2 0.9506 R2 0.9481 R2 0.9502 R2 0.9439
R1 0.9466 R1 0.9465 R1 0.946 R1 0.9433
Pivot 0.9441 Pivot 0.9441 Pivot 0.9437 Pivot 0.9441
S1 0.9401 S1 0.9416 S1 0.9395 S1 0.9421
S2 0.9376 S2 0.94 S2 0.9372 S2 0.9415
S3 0.9336 S3 0.9376     S3 0.9409
Open 0.9471 Open 0.9471 Open 0.9471 Open 0.9471
High 0.9480 High 0.9480 High 0.9480 High 0.9480
Low 0.9415 Low 0.9415 Low 0.9415 Low 0.9415
Close 0.9427 Close 0.9427 Close 0.9427 Close 0.9427

USD/CHF Correlations with other currency majors

Notes and caution about Forex analysis for USD/CHF

The daily USD/CHF analysis is not just based on technical indicators but also takes into account the overall price action and other aspects which can affect the Forex market in general and USD/CHF price action specifically. Please also note that many times the price mentioned at the time of analysis update maybe different than the entry level suggested. These positions would mean limit orders for buying or short-selling. Hence please do not treat this analysis just as trading signals for USD/CHF.

However, please note that the analysis reflects our views about the currency market based various factors. Forex trading is a speculative market and the price may always have unpredictable moves. We cannot take the responsibility for any losses dues to and positions taken based on our views.

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