Antony_NPBFX
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USD/CHF: general analysis on 10/05/2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the USD/CHF for a better understanding of the current market situation and more efficient trading.
Current trend
The USD/CHF pair returned to the zone above 1.0000 due to the growth of the USD as a result of the positive FRS decisions upon the interest rate and the mild monetary policy held by the Swiss National Bank. Yesterday the Switzerland unemployment data were published, the index stayed on the same level of 3.3%, which hasn’t changed from last October, confirming that SNB won’t change its policy. Tomorrow the Swiss consumer price index is to be published. It is expected to stay on the same level of 0.2% (minimum from March), which also confirms the maintenance of the SNB mild future policy
Today the investors are waiting for the Import and Export Price Indices (the lowering of export and the growth of import are expected, which leads to the trade balance deficit). The 10-Year Note Auction data will be published today: the profitability of the notes is growing from the last August, which is positive for the USD The Monthly Budget Statement will be published also: the insignificant lowering of the budget deficit is expected.
In the nearest 2-3 days the growth of the pair is expected.
Support and resistance
Support levels: 1.0050, 1.0000, 0.9930.
Resistance levels: 1.0110, 1.0180, 1.0260.
Trading scenario
Open long positions at the current price, with the target at 1.0110, 1.0180 and stop loss at 1.0030.
Sell the pair from the level of 1.0050 with the target at 1.0000, 0.9930 and stop loss at 1.0090.
Implementation period: 2-3 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on USD/CHF and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the USD/CHF for a better understanding of the current market situation and more efficient trading.
Current trend
The USD/CHF pair returned to the zone above 1.0000 due to the growth of the USD as a result of the positive FRS decisions upon the interest rate and the mild monetary policy held by the Swiss National Bank. Yesterday the Switzerland unemployment data were published, the index stayed on the same level of 3.3%, which hasn’t changed from last October, confirming that SNB won’t change its policy. Tomorrow the Swiss consumer price index is to be published. It is expected to stay on the same level of 0.2% (minimum from March), which also confirms the maintenance of the SNB mild future policy
Today the investors are waiting for the Import and Export Price Indices (the lowering of export and the growth of import are expected, which leads to the trade balance deficit). The 10-Year Note Auction data will be published today: the profitability of the notes is growing from the last August, which is positive for the USD The Monthly Budget Statement will be published also: the insignificant lowering of the budget deficit is expected.
In the nearest 2-3 days the growth of the pair is expected.
Support and resistance
Support levels: 1.0050, 1.0000, 0.9930.
Resistance levels: 1.0110, 1.0180, 1.0260.
Trading scenario
Open long positions at the current price, with the target at 1.0110, 1.0180 and stop loss at 1.0030.
Sell the pair from the level of 1.0050 with the target at 1.0000, 0.9930 and stop loss at 1.0090.
Implementation period: 2-3 days.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on USD/CHF and trade efficiently with NPBFX.