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USD CHF Technical Analysis - USD CHF Trading: 2022-09-30
USD/CHF Technical Analysis Summary
Above 0.9789
Buy Stop
Below 0.9739
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The USDCHF technical analysis of the price chart on hourly timeframe shows USDCHF,H1 is rebounding to test the 200-period moving average MA(200) which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 0.9789. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9739. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CHF
Swiss retail sales didn’t slow as forecast in August. Will the USDCHF price rebound reverse?
Swiss retail sales declined less than forecast in May. The Swiss Federal Statistical Office reported retail trade turnover in Switzerland grew 3.0% over year in August – the same rate as in July, when a 2.8% increase was expected. This is bearish for USDCHF. However the technical setup is bullish for USDCHF.
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