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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 08/17/2019 - 22:10
Currentrange bound
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.9950, continuation of downtrend is expected.
  • We make sure when the support at 0.9710 breaks.
  • If the resistance at 0.9950 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.96935 on 2019-06-25 and the trough at 0.9659 on 2019-08-13, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.9660 on 08/13/2019, so more gains to resistance(s) 0.9815 and maximum to Major Resistance (0.9950) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Supports and Resistances:

  1. 1.0325
  2. 1.0235
  3. 1.0150
  4. 1.0095
  5. 1.0015
  6. 0.9950
  7. 0.9815
  8. 0.9710
  9. 0.9540
  10. 0.9185
  11. 0.8700
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) new Sat, 15 Feb 2020
US Dollar / Swiss Franc (USDCHF) Sat, 8 Feb 2020
US Dollar / Swiss Franc (USDCHF) Sat, 1 Feb 2020
US Dollar / Swiss Franc (USDCHF) free Sat, 25 Jan 2020
US Dollar / Swiss Franc (USDCHF) Sat, 18 Jan 2020