USD/CHF : Daily Analysis from Forex Instructor

[alisha_nabila]

USDCHF Forecast. 12/2/2018

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The USDCHF had a bullish momentum last week topped at 0.9469 but closed lower at 0.9392. The bias is neutral in nearest term. Potential range area is seen between 0.9465 – 0.9288 area this week. A clear break and daily close above 0.9465 would resume the false break (below 0.9288) bullish scenario testing 0.9590 region.

Immediate support is seen around 0.9350. A clear break below that area could trigger further bearish pressure retesting 0.9288 key support. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 14/2/2018

The USDCHF had a bearish momentum yesterday bottomed at 0.9321 and hit 0.9305 earlier today in Asian session. The bias is bearish in nearest term testing 0.9288 key support.

Immediate resistance is seen around 0.9356 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 0.9400 area. On the downside, a clear break and daily close below 0.9288 would retest 0.9248 or lower. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 1/3/2018

The USDCHF had a bullish momentum yesterday topped at 0.9457. The bias remains bullish in nearest term testing 0.9465 area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9420.

A clear break below that area could lead price to neutral zone in nearest term testing 0.9380 area. On the upside, a clear break and daily close above 0.9456 could trigger further bullish pressure testing 0.9575 region. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 2/3/2018

The USDCHF attempted to push higher yesterday topped at 0.9489 but whipsawed to the downside and closed lower back below 0.9465 level as you can see on my daily chart below. This fact could create a false breakout bearish scenario. The bias is bearish in nearest term testing 0.9350/25 region.

Immediate resistance is seen around 0.9465. A clear break and daily/weekly close above that area would expose 0.9650 area next week. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 5/3/2018

The USDCHF attempted to push higher last week, slipped above the range area but whipsawed to the downside and closed lower back inside the range area as you can see on my daily chart below. This fact creates a false breakout bearish scenario retesting the lower line of the range area at 0.9250 region. The bias is bearish in nearest term testing 0.9320 region.

Immediate resistance is seen around 0.9420. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9465 area. Overall I remain neutral. The best strategy for now would be to sell around 0.9465 or buy around 0.9250 with a tight stop loss.

 

[alisha_nabila]

USDCHF Forecast. 6/3/2018

The USDCHF had a bullish momentum yesterday topped at 0.9407. The bias is bullish in nearest term testing 0.9465 resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9375.

A clear break below that area could lead price to neutral zone in nearest term testing 0.9340 region but key support remains at 0.9250 which is a good place to buy with a tight stop loss. Overall I remain neutral. Fundamental focus will be on the ECB press conference on Thursday and US NFP number on Friday.

 

[alisha_nabila]

USDCHF Forecast. 12/3/2018

The USDCHF had a significant bullish momentum last week, broke above the range area as you can see on my daily chart below. This fact creates a bullish scenario after the false breakout below the range area four weeks ago. The bias is bullish in nearest term testing 0.9580 – 0.9650.

Immediate support is seen around 0.9465. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

 

[alisha_nabila]

USDCHF Forecast. 14/3/2018

The USDCHF continued its bearish momentum yesterday bottomed at 0.9428. The bias is bearish in nearest term. From a different technical perspective as you can see on my daily chart below, price is testing the lower line of a bullish channel located around 0.9420.

A clear break and daily close below that area would expose 0.9350/25 area or lower. Immediate resistance is seen around 0.9470 area. A clear break above that area could lead price to neutral zone in nearest term testing 0.9500 region or higher. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 15/3/2018

The USDCHF was indecisive yesterday. The bias remains bearish in nearest term testing the lower line of the bullish channel and 0.9420 support area as you can see on my daily chart below. A clear break and daily close below the bullish channel would retest 0.9250 support area.

Immediate resistance is seen around 0.9480. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase alive and kicking testing 0.9580 – 0.9650 area. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 16/3/2018

The USDCHF had a bullish momentum yesterday topped at 0.9519 after bounced-off the lower line of the bullish channel as you can see on my daily chart below. This fact keeps the bullish phase valid. The bias is bullish in nearest term testing 0.9580 – 0.9650 resistance area.

Immediate support is seen around 0.9480. A clear break below that area could lead price to neutral zone in nearest term retesting the lower line of the bullish channel. Overall I remain neutral.