USD/CHF Technical Analysis
(US Dollar / Swiss Franc)

usdchf
usdchf


Updated the:
04/18/2014
USD/CHF : Return of the medium term uptrend ? Not yet...

Sentiment :
sentiment sur la parité AUD/USD
0.8838
sentiment sur la parité AUD/USD
0.8787
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/CHF continued its correction these last days and has validated a new release of its medium term downtrend channel  (black lines). The price has made yesterday a pullback on the support at 0.8787 and as well on the upper band of the channel. This morning , the pair hast just stumbled on the short term resistance at 0.8838.

We are neutral for the time between 0.8787 and 0.8838. We advise to wait an exit of this range to take position :

- Trade only long positions (buy) above 0.8838. A test of the key resistance at 0.8863 should then occur. The breakout of this level would validate a bullish trend reversal on the medium term.

- Trade only short positions (sell) below 0.8787. A return on the lows at 0.8750 would be expected.

ps : Traders with a more aggressive strategy could trade the pair according to 0.8807 (long above ; Short below).
Full analysis

Analysis published by Bruno Dupray, the 04/18/2014 at 08h45 GMT+2


Chart of the pair USD/CHF - Timeframe 1H
USD/CHF Technical Analysis

Chart of the pair USD/CHF - Timeframe 4H
USD/CHF Technical Analysis

Live USD/CHF Chart - Timeframe : 1H*
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