Daily Market Analysis by Exness - USD/CHF

25.08.2014 9:09 USDCHF
USDCHF: consolidation higher than 0.9145 support level

Buy on rebound from 0.9145 level with 0.9200 target. Stop loss = 0.9100.

Reason for the trading strategy.

Today, support for the world’s reserve currency could provide statistics on the sales of new homes in the United States. In July, this figure is expected to increase from 406,000 to 426,000. If the USDCHF pair morning gap closes at a level of 0.9145, opening a long position should be considered.

USDCHF, H4

26.08.2014 10:10 USDCHF
The USDCHF pair is consolidating in the 0.9107-0.9178 range

Buy on rebound from a 0.9107 level with a 0.9178 target. Stop loss = 0.9050.

Reason for the trading strategy.

Tonight, a variety of macroeconomic statistics for the United States is expected to be published. Indicators such as orders for durable goods, housing price index, and the consumer confidence index in the United States compiled by the Conference Board, are capable of bringing additional volatility to the FOREX market. With regard to the USD/CHF pair, the opening of new long positions should be considered near the support level 0.9107.

USDCHF, H4

27.08.2014 8:08 USDCHF
USDCHF pair is testing the resistance level of 0.9180

Buy on a level breakthrough of 0.9180 with 0.9250 target. Stop loss = 0.9130

Reason for the trading strategy.

The weakening of the euro against the US dollar has led to a corresponding increase in the USDCHF pair. While the Swiss National Bank will continue to hold the lower level of 1.2000 in the EUR/CHF pair, the negative correlation between the EUR/USD and USD/CHF pairs will not change.

USDCHF, H4

28.08.2014 11:11 USDCHF
USDCHF: under pressure before the publication of Canada’s payment balance statistics

Sell on rebound from 1.0858 level with 1.0795 target. Stop loss = 1.0910.

Reason for the trading strategy.

Today, at 12:30 GMT, statistics on Canada’s payment balance for the Q2 of 2014 will be published. In the reporting period, a growth rate from -12.4 billion to -11.6 billion is expected, which could bolster the Canadian dollar.

USDCHF, H4

02.09.2014 9:09 USDCHF
USDCHF: growth after the publication of the Swiss GDP for the Q2 of 2014

Buy on rebound from a 0.9185 level with a 0.9250 target. Stop loss = 0.9135.

Reason for the trading strategy.

The Swiss GDP in Q2 of 2014 increased by 0.6% (y/y), exceeding the consensus forecast of +1.8% (y/y). We believe the reduction in aggregate demand in the national economy will put pressure on the exchange rate of the Swiss currency.

USDCHF, H4


On Sep 1, GBP/USD is trading at 1.6588, down -0.12% on the day, having posted a daily high at 1.6617 and low at 1.6578. It got even lower today to 1.6471. GBP/USD has dropped further with a decent move.

Read this article at: fxstreet.com/news/forex-news/article.aspx?storyid=0ad3bc38-6d44-4a84-8908-2df58fa11653]GBP/USD taking a further whack
And check the live chart here: fxstreet.com/rates-charts/live-charts/?id=gbpusd&saxobank=1

03.09.2014 9:09 USDCHF
The USDCHF pair may test the resistance level of 0.9250 in the short term

Buy on rebound from 0.9185 level with 0.9250 target. Stop loss = 0.9135.

Reason for the trading strategy.

Against the background of weak GDP growth rates in Switzerland in Q2 2014, demand for the Swiss currency has diminished. The slow down of this country’s GDP is associated with the fall of Swiss exports due to the extremely high rate of the franc against the euro.
We do not exclude that on Sept. 18 after the ECB, the Swiss central bank will introduce negative interest rates on deposits, which will allow it to defend the lower limit of 1.2 in the EUR/CHF pair.

USDCHF, H4

18.09.2014 9:09 USDCHF
USDCHF: consolidation before the publication of the key interest rate in Switzerland

Buy on rebound from 0.9393 level with 0.9452 target. Stop loss = 0.9340.

Reason for the trading strategy.

Today, the Swiss National Bank will announce its decision on the benchmark interest rate. The exchange rate is expected to be maintained at 0.25%. Meanwhile, against the background of EU’s deflation processes, the national regulator may impose other measures of monetary stimulus for the Swiss economy.

USDCHF, H4

27.10.2014 9:09 USDCHF
USDCHF: under pressure against the background of growing demand for European assets

Sell on a level breakthrough of 0.9473 with 0.9405 target. Stop loss = 0.9520.

Reason for the trading strategy

The growth of the EURUSD pair on the FOREX market today is putting pressure on the USDCHF pair. Meanwhile, despite the controversial US macroeconomic statistics, the intention of the US Federal Reserve to curtail the QE3 asset purchases program on October 29, will probably help the world’s reserve currency consolidate in the medium term.

USDCHF, H4

28.10.2014 9:09 USDCHF
USDCHF: under pressure against the background of a lower business activity index in the US services sector

Sell on a level breakthrough of 0.9473 with 0.9405 target. Stop loss = 0.9520.

Reason for the trading strategy

In October, the PMI in the US services sector fell from 58.9 p. to 57.3 p. Given that transactions in the services sector form a significant part of the US GDP, we expect a fall in the value of the world's reserve currency.

USDCHF, H4

26.11.2014 10:10 EURUSD
EURUSD: Consolidation below the 1.2486 resistance level

Buy on a level breakthrough of 1.2486 with 1.2577 target. Stop loss = 1.2430.

Reason for the trading strategy

In October, Germany’s import prices fell by 0.3% (m/m). Despite the declining inflationary pressures in the euro zone’s largest economy, the EURUSD pair is strengthening due to a certain weakness in the US dollar. The euro’s decline will probably resume after it tests the 1.2577 level.

EURUSD, H4

04.12.2014 8:08 USDCHF
USDCHF: intensified growth after a break through of the 0.9740 resistance level

Buy on rebound from 0.9740 level with 0.9844 target. Stop loss = 0.9690.

Reason for the trading strategy

The weakness of the single European currency on the FOREX market pulls the EU currencies to the bottom. The Swiss central bank has made great efforts to keep the EURCHF pair at the lower limit of 1.2000. In case the USDCHF pair adjusts to the 0.9740 level, opening new long positions in the US dollar should be considered.

USDCHF, H4