[B][U]Forecast USD/CHF for Friday 23 April 2015[/U][/B]
Support 1: 0.9572
Support 2: 0.9430
Resistance 1: 0.9787
Resistance 2: 0.9859
Currently uptrend should end around 0.9715 - 0.9787 area. A correction down to below 0.9572 is expected. A rise above 0.9859 will abort the expected correction.
[B][U]Forecast USD/CHF for Friday 26 May 2015[/U][/B]
Support 1: 0.9417
Support 2: 0.9386
Resistance 1: 0.9468
Resistance 2: 0.9488
Currently uptrend should end around 0.9472 - 0.9468 area. A correction down to below 0.9417 is expected. A rise above 0.9488 will abort the expected correction.
[B][U]Forecast USD/CHF for Friday 27 May 2015[/U][/B]
Support 1: 0.9476
Support 2: 0.9418
Resistance 1: 0.9565
Resistance 2: 0.9595
Currently uptrend should end around 0.9570 - 0.9565 area. A correction down to below 0.9476 is expected. A rise above 0.9595 will abort the expected correction.
[B]Forex News from New Forex: Technical analysis USDCHF[/B]
The Swiss franc has recovered ground after its fall on June 8th paring earlier losses, today the pair is flat with the support at 0.9276 and resistance at 0.9363. However, the trend is in favor of bears with the aim at 0.9251 and if it reaches the support level successfully, it will move to 0.9229.
[B]Forex News from New Forex: Technical analysis of USD/CHF[/B]
The US dollar has been gaining ground versus the Swiss franc for the third trading session in a row with support at 0.9270 and resistance at 0.9450. The trend keeps its bullish sentiment with a possibility to bounce off from the upper border of the channel.
[B]Forex News from New Forex: Technical analysis of USD/CHF[/B]
Starting from the Asian session the trades have a bearish sentiment. Today the level of support is at 0.9242 US dollars for the Swiss franc. If this level is breached, the market might go to 0.9149 and 0.9071. Otherwise, the market will bump into resistance at 0.9428 and further at 0.9501, 0.9543.
[B]Forex News from New Forex: Technical analysis of USD/CHF[/B]
Efforts of the Swiss central bank to support the national producer slowly and permanently weaken the Swiss franc against the US dollar. On Tuesday trades have a mild bullish tone with support at 0.9566 and resistance at 0.9685. In the middle and long run the ascending trend will remain with systematic pullbacks during which the level of support will increase providing well balance for bulls. In the short run the market will test a strong resistance at 0.9648 (a high of July 20), in case of its breach we can observe the price at 0.9713 and further at 0.9862. When power goes temporarily to bears, a pullback to support at 0.9589 is possible. If the price goes lower, we might see it at 0.9566.
[B]Forex News from New Forex: Technical analysis of USD/CHF[/B]
In the trading on Monday there is a slight advance of bulls in spite of the attempts of bears trying to push the market below the level of support at 0.9564 but up to now with no success. The oscillator MACD has a downward trend, however, it’s above its central line which adds some intrigue to an eternal fight of bulls and bears. The Stochastic decreases, it will soon reach the level of overbought. Thus, none of them has a clear advantage, consequently we will not sell until the price fixes below the level of support at 0.9564, sells are more likely if the support bullish candle is above the resistance at 0.9683.