USD/CHF Technical Analysis | USD/CHF Trading: 2020-11-30 | IFCM UK
IFC Markets Online CFD Broker

USD/CHF Technical Analysis - USD/CHF Trading: 2020-11-30

USD/CHF Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Below 0.9018

Sell Stop

Above 0.9039

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2452
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Buy

USD/CHF Chart Analysis

USD/CHF Chart Analysis

USD/CHF Technical Analysis

On 1-hour timeframe USDCHF: H1 is retreating under the 200-period moving average MA(200) which is falling. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.9018. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.9039. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/CHF

Switzerland’s retail sales rose more than expected in October. Will the USDCHF retreat continue?

Switzerland’s retail sales rose more than expected in October: retail sales rose 3.1% over year in October from 0.4% in September, when a 0.6% growth was forecast. This is bearish for USDCHF.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger