FUNDAMENTAL ANALYSIS
The developments in the Greece saga suggest that the CHF's strength could come to an end as its role as a safer European currency diminishes.
As the euro's prospect brightens, the USD/CHF could benefit from the positive momentum and exit its range-bound trading. It also profits from any dollar-positive data.
Improving risk-sentiment relieves some of the pressure on the EUR/CHF. The pair is off its all-time low, but has not shown any sign of a sustainable retracement yet.
The Swiss National Bank still has not intervened to prevent further strengthening of the Swiss franc against the euro, but comments from SNB officials suggest that they are ready to to so if the need arises.
TECHNICAL ANALYSIS
The USD/CHF is stuck within a wide range between 1.0500 and 1.0750. The pair is supported by a daily trendline, but struggles to find a new direction.
The two support/resistance levels act as key triggers. A rebound off the 1.0500 support would indicate a re-test of 1.0750. On the other direction, a breach of 1.0500 could trigger protective stop-loss orders and bring the pair down to the 1.0200 region.
Support and Resistance
| R1: 1.0750 | S1: 1.0500 |
| R2: 1.0884 | S2: 1.0436 |
Forex Analysis Report Read Market Summary »
| Forex Risk Sentiment |
 |
| Commodities |
 |
| U.S. Equities |
|
| Treasury Bonds |
 |
| Volatility |
|
| Forex long term trend | |
| Dollar |
|
| Yen |
|
| Euro |
|
KNOWLEDGE BASE - Exclusive Forex Educational Articles
Managing Risk with Stop Loss Orders in the Forex MarketStop loss orders are one of most fundamental risk management techniques used by forex traders. Ideally, every trading system should include the use of a stop loss on every trade, ...read more |
Trading Fibonacci ExpansionsMost traders know and have used Fibonacci retracements at one point or another in their careers, but Fibonacci expansions are less commonly found in charts. Drawing them only takes a ...read more |
Trading Bollinger BandsBollinger Bands are one of the most popular technical indicators traders like to use. There are many strategies built entirely around them. In this article we will focus on t...read more |
Understanding Central BanksCentral banks are at the heart of their country’s economy and play a key role in the global markets. Their importance is particularly relevant when trading the forex, as they ...read more |
|
More in: Forex Basics, Forex Analysis, Technical Analysis, Technology |
|||
- + 12 |
|||
All information on this page is subject to change. The use of this website constitutes acceptance of our terms of use. Please read our risk disclaimer and privacy policy
