USD/CHF Analysis - June 15, 2015
Current Exchange Rate : 0.9361 at the time of analysis update.
USD/CHF jumped up strongly during the past one hour but considering the fact that the current price action is close to the resistance line of the ascending price channel, we stay neutral for the currency pair even though we expect an upward breakout of this channel.
On the upside the critical resistance is in the range of 0.9390 to 0.9400. This resistance zone is especially critical from the psychological point of view also because of the entry in 0.9500 ranges. However, a break over this resistance will also represent a breakout of the channel and in that case we would expect a test of 0.9480 to 0.9500 resistance zone and then possibly 200-day moving average which is currently at 0.9544.
USD/CHF Daily and Hourly Charts
USD/CHF Hourly Chart
USD/CHF Daily Chart
Further Resources and notes
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(For Carry Trades)
USD/CHF Resistance and Support with Daily Pivot Points (Values at GMT 00:00)
Last Updated (Monday, 15 June 2015 06:39) 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|
USD/CHF Correlations with other currency majors
USD/CHF with EUR/JPY - correlation analysis
USD/CHF with USD/JPY - correlation analysis
USD/CHF with GBP/USD - correlation analysis
USD/CHF with AUD/JPY - correlation analysis
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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