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USD/CHF Technical Analysis - USD/CHF Trading: 2024-01-09
USD/CHF Technical Analysis Summary
Below 0.8455
Sell Stop
Above 0.8521
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The technical analysis of the USDCHF price chart on 4-hour timeframe shows USDCHF,H4 is consolidating under the 200-period moving average MA(200) which is falling itself. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.8455. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.8521. After placing the order, the stop loss is to be moved to the next fractal high 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
Swiss consumer price inflation remained unchanged in December 2023 compared with the previous month. Will the USDCHF price declining continue?
Swiss consumer price index (CPI) remained unchanged in December 2023 compared with the previous month at 106.2 points (December 2020 = 100). The CPI kept steady after 0.2% decline in previous month when an 0.1% decline was expected. This is bullish for the Swiss franc and bearish for the USDCHF currency pair. At the same time the Federal Statistics Office reported the consumer price inflation was +1.7% compared with the same month of previous year. And the Swiss retail sales turnover rose in November 0.7% over year after 0.3% decline a month earlier when no change in retail sales turnover was expected. This is also bullish for the Swiss franc and bearish for USDCHF.
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