USD/CHF : Daily Analysis from Forex Instructor

[alisha_nabila]

USDCHF Forecast. 2/4/2018

The USDCHF had a bullish momentum last week topped at 0.9583 but closed a little bit lower at 0.9537. The bias is neutral in nearest term. Price is moving inside a rising wedge formation as you can see on my daily chart below. Key support is seen at the support/lower line of the rising wedge located around 0.9470. A clear break and daily close below that area would confirm the rising wedge bearish scenario testing 0.9350 – 0.9250 area.

Immediate resistance is seen around 0.9580. A clear break above that area could trigger further bullish pressure testing 0.9650 region. Overall I remain neutral.

 

[I'SPY]

Bank yg tak cuti ari ni Japon n usa, eropa cuti

 

[alisha_nabila]

USDCHF Forecast. 3/4/2018

The USDCHF didn’t make a significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. The rising wedge formation suggests a potential bearish scenario but needs a clear break below the support line of the rising wedge located around 0.9470 to confirm the rising wedge scenario testing 0.9350 – 0.9250 region.

Immediate resistance is seen around 0.9580. A clear break above that area could trigger further bullish pressure testing the resistance line of the rising wedge and 0.9650 region. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 4/4/2018

The USDCHF had a bullish momentum yesterday topped at 0.9597. The bias is bullish in nearest term testing the resistance line of the rising wedge formation located around 0.9615 – 0.9650 region which is a good place to sell with a tight stop loss above 0.9650.

Immediate support is seen around 0.9550. A clear break below that area could lead price to neutral zone in nearest term testing 0.9500 – 0.9470 key support area. On the upside, a clear break above 0.9650 would expose 0.9750 or higher. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 5/4/2018

The USDCHF attempted to push lower yesterday bottomed at 0.9550 but whipsawed to the upside and closed higher at 0.9606. The bias is bullish in nearest term. Price is at the resistance line of the rising wedge formation as you can see on my daily chart below which remains a good place to sell with a tight stop loss above 0.9650.

Immediate support is seen around 0.9580. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 but key support remains at 0.9470. On the upside, a clear break above 0.9650 would invalidate the rising wedge scenario testing 0.9750 or higher. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 6/4/2018

The USDCHF had a moderate bullish momentum yesterday topped at 0.9639. Price slipped above the resistance line of the rising wedge formation as you can see on my daily chart below but 0.9650 resistance still holds so far. The bias remains bullish in nearest term especially if price able to break above 0.9650 testing 0.9700/50 region.

Immediate support is seen around 0.9600. A clear break and daily close below that area would keep the rising wedge scenario intact testing 0.9550 or lower. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 9/4/2018

The USDCHF had a bullish momentum last week, topped at 0.9648 but closed a little bit lower at 0.9587. Price is moving back inside the rising wedge formation as you can see on my daily chart below, suggests a potential false breakout which keeps the rising wedge bearish scenario alive and kicking. The bias is neutral in nearest term.

Key support now seen at 0.9520. A clear break and daily close below that area would confirm the rising wedge bearish scenario testing 0.9400 area. On the upside, 0.9650 remains a key resistance. A clear break above that area would invalidate the rising wedge scenario and turn my short term bias into a bullish mode. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 10/4/2018

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The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias after a false breakout above the resistance line of the rising wedge as you can see on my daily chart below, testing 0.9520 key support. A clear break and daily close below that area would confirm the rising wedge bearish scenario.

Immediate resistance is seen around 0.9609 (yesterday’s high). A clear break above that area would retest 0.9650 key resistance which need to be clearly broken to the upside to invalidate the rising wedge bearish scenario. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 17/4/2018

The USDCHF was indecisive yesterday. Price is still trapped inside the rising wedge formation and 0.9650 – 0.9520 range area as you can see on my daily chart below. The bias remains neutral in nearest term. We need a clear break from the range area to see clearer direction.

I still prefer a bearish scenario but need a clear break below the rising wedge and 0.9520 to confirm the bearish scenario targeting 0.9425 area. On the upside, a clear break above 0.9650 would invalidate the rising wedge scenario testing 0.9750 or higher. Overall I remain neutral.

 

[alisha_nabila]

USDCHF Forecast. 18/4/2018

The USDCHF had a bullish momentum yesterday broke above the rising wedge and 0.9650 resistance area as you can see on my daily chart below. This fact invalidates the rising wedge scenario. The bias is bullish in nearest term testing 0.9750 region.

Immediate support is seen around 0.9650. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 0.9600 area or lower. Overall I remain neutral.