USD/CHF Weekly Analysis 06 April 2017
CHARTING
The crucial points are:
USD/CHF has continued to rise fiercely in the last days, as the uncertainty surfacing regarding President Trump’s administration is likely to weaken US Dollar. Furthermore, the FOMC meeting minutes has negatively affected the US Dollar, as it had revealed that the majority of the FOMC members are considering reducing the $3.5 trillion Fed’s bonds holdings and they preserved the same outlook for the interest rate hikes in 2017. Thus, the price yesterday, unsuccessfully attempted to appreciate higher than 1.00546 level of resistance and today, is testing again this level of resistance.
Charting outcome: Neutral – Marginally bullish
INDICATORS (computerized T.A)
The crucial points are:
The indicators are signaling that a weak uptrend has occurred. The moving averages slopes have added bullishness, while the balance between the positive and the negative dynamic has positively changed. The trend dynamic has fallen by -24.77%, whilst the market’s volatility has marginally fallen by -4.83%. Finally, the oscillators have become overbought.
Indicators outcome: Marginally bullish – Neutral
CONCLUSION
Indicators and charting are in favor of the marginally bullish or neutral outlook. Should the price appreciate higher than 1.00546 level of resistance, the next resistance is possible to occur at 1.01533 level. On the contrary, if the price reaches and breaks lower than 0.99065 level of support, the next support is possible to occur at 0.98518 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.
CHARTING
The crucial points are:
USD/CHF has continued to rise fiercely in the last days, as the uncertainty surfacing regarding President Trump’s administration is likely to weaken US Dollar. Furthermore, the FOMC meeting minutes has negatively affected the US Dollar, as it had revealed that the majority of the FOMC members are considering reducing the $3.5 trillion Fed’s bonds holdings and they preserved the same outlook for the interest rate hikes in 2017. Thus, the price yesterday, unsuccessfully attempted to appreciate higher than 1.00546 level of resistance and today, is testing again this level of resistance.
Charting outcome: Neutral – Marginally bullish
INDICATORS (computerized T.A)
The crucial points are:
The indicators are signaling that a weak uptrend has occurred. The moving averages slopes have added bullishness, while the balance between the positive and the negative dynamic has positively changed. The trend dynamic has fallen by -24.77%, whilst the market’s volatility has marginally fallen by -4.83%. Finally, the oscillators have become overbought.
Indicators outcome: Marginally bullish – Neutral
CONCLUSION
Indicators and charting are in favor of the marginally bullish or neutral outlook. Should the price appreciate higher than 1.00546 level of resistance, the next resistance is possible to occur at 1.01533 level. On the contrary, if the price reaches and breaks lower than 0.99065 level of support, the next support is possible to occur at 0.98518 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.