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USD/CHF Technical Analysis - USD/CHF Trading: 2020-06-15
USD/CHF Technical Analysis Summary
Below 0.9504
Sell Stop
Above 0.9546
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
On 1-hour timeframe USDCHF: H1 has breached below the 200-period moving average MA(200) which is falling. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.9504. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.9546. After placing the order, the stop loss is to be moved to the next fractal high, 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
Producer prices decline slowed in Switzerland in May. Will the USDCHF continue falling?
Producer prices decline slowed in Switzerland in May: producer prices index declined 0.5% over month in May after 1.3% drop in April. This is bearish for USDCHF.
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