USD/CHF Technical Analysis | USD/CHF Trading: 2021-03-01 | IFCM UK
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USD/CHF Technical Analysis - USD/CHF Trading: 2021-03-01

USD/CHF Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0.9141

Buy Stop

Below 0.9078

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
MACD Buy
Donchian Channel Neutral
MA(200) Buy
Fractals Neutral
Parabolic SAR Buy
On Balance Volume Neutral

USD/CHF Chart Analysis

USD/CHF Chart Analysis

USD/CHF Technical Analysis

The USDCHF technical analysis of the price chart on 1-hour timeframe shows USDCHF: H1 is retracing higher above the 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.9141. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9078. After placing the order, the stop loss is to be moved to the next fractal low indicator, 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 factory activity expansion continued in February. Will the USDCHF decline?

Switzerland’s factory activity expansion continued in February: the Manufacturing Purchasing Managers' Index (PMI) for Switzerland rose to 61.3 for February from 59.4 for January,, when an increase to 60.0 was forecast. This is bearish for USDCHF. However, technical setup is bullish for USDCHF.

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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.

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