Daily Technical Analysis for USD/CHF

[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 27 April 2015[/U][/B]

Support 1: 0.9507
Support 2: 0.9477

Resistance 1: 0.9571
Resistance 2: 0.9604

It may meet resistance in 0.9537 - 0.9541 zone for a drift down to 0.9507 zone, after which bounce to 0.9571 is anticipated.

[B][U]Forecast USD/CHF for Friday 28 April 2015[/U][/B]

Support 1: 0.9501
Support 2: 0.9453

Resistance 1: 0.9591
Resistance 2: 0.9632

It looks set for gains to 0.9591. Supports at 0.9522 and 0.9501. A break of 0.9453 will damage this bullish structure.

[B][U]Forecast USD/CHF for Friday 29 April 2015[/U][/B]

Support 1: 0.9505
Support 2: 0.9458

Resistance 1: 0.9600
Resistance 2: 0.9647

Current upmove should be ended around 0.9576 - 0.9600. Any correction consolidation should find support in 0.9529 - 0.9505 zone.

[B][U]Forecast USD/CHF for Friday 30 April 2015[/U][/B]

Support 1: 0.9299
Support 2: 0.9204

Resistance 1: 0.9531
Resistance 2: 0.9668

Market should not go lower than 0.9368 - 0.9299. After this move down it should go up to 0.9483 - 0.9531 area.

[B][U]Forecast USD/CHF for Friday 5 May 2015[/U][/B]

Support 1: 0.9308
Support 2: 0.9276

Resistance 1: 0.9379
Resistance 2: 0.9417

While below 0.9341 or 0.9346 it could fall towards below 0.9308 or 0.9276. After which a corrective/consolidation activity is expected to 0.9363 zone.

[B][U]Forecast USD/CHF for Friday 8 May 2015[/U][/B]

Support 1: 0.9117
Support 2: 0.9017

Resistance 1: 0.9272
Resistance 2: 0.9327

Market should hold major support at 0.9087 before rising towards 0.9272 or even 0.9327 limit.

[B][U]Forecast USD/CHF for Friday 12 May 2015[/U][/B]

Support 1: 0.9308
Support 2: 0.9274

Resistance 1: 0.9366
Resistance 2: 0.9389

One move lower to 0.9274 or 0.9251 is anticipated while below 0.9349 - 0.9366 area. Stop loss above 0.9389 zone.

[B][U]Forecast USD/CHF for Friday 13 May 2015[/U][/B]

Support 1: 0.9217
Support 2: 0.9141

Resistance 1: 0.9364
Resistance 2: 0.9435

It should trade higher to 0.9364 or above 0.9435 in extention. Supports at 0.9252 and 0.9217. Stop loss below 0.9141 zone.

[B][U]Forecast USD/CHF for Friday 14 May 2015[/U][/B]

Support 1: 0.9116
Support 2: 0.9065

Resistance 1: 0.9256
Resistance 2: 0.9346

Market should not go lower than 0.9081. After this move down it should go up to 0.9256 area.

[B][U]Forecast USD/CHF for Friday 21 May 2015[/U][/B]

Support 1: 0.9337
Support 2: 0.9303

Resistance 1: 0.9405
Resistance 2: 0.9440

A corrective rise should ideally test 0.9405 or even higher than 0.9440. Stop loss below 0.9303 zone.

[B][U]Forecast USD/CHF for Friday 22 May 2015[/U][/B]

Support 1: 0.9324
Support 2: 0.9277

Resistance 1: 0.9400
Resistance 2: 0.9429

Market should hold major support at 0.9318 before rising towards 0.9400 or even 0.9429 limit.

[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][U]Forecast USD/CHF for Friday 28 May 2015[/U][/B]

Support 1: 0.9461
Support 2: 0.9426

Resistance 1: 0.9536
Resistance 2: 0.9578

It looks more likely that it would rise to 0.9536 - 0.9578 from 0.9481 or 0.9461. After which a downside move is expected.

[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.

Newforex Analyst

David Fineberg

[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.

Newforex Analyst

Joseph Schwartz