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Weekly forecast US Dollar vs. Swiss Franc technical chart

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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, 09/14/2019 - 20:36
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.
  • A trough is formed in daily chart at 0.9795 on 09/04/2019, so more gains maximum to Major Resistance (0.9950) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 56.

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 vs. Swiss Franc (USDCHF) new free Sat, 19 Oct 2019
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US Dollar vs. Swiss Franc (USDCHF) Sat, 21 Sep 2019