• 19 hours 3 Semiconductor Stocks Looking Great On EV Demand
  • 3 days Robinhood’s $40B March IPO Is In Grave Danger
  • 4 days Are Bots Responsible For GameStop’s Massive Runup? 
  • 5 days Learning From Buffett’s $11 Billion Mistake
  • 8 days The Token Boom Spawns Digital Gold Mine in Art, Collectibles
  • 9 days The “Oil Of The Future” Is Set To Soar In 2021
  • 9 days Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
  • 9 days Could This Be The Hottest Commodity Play Of 2021?
  • 10 days JP Morgan Says Fintech Will Steal The Disruptor Show
  • 12 days Facebook Plays Dirty Down Under
  • 12 days Could This Be The Most Exciting Lithium Play Of 2021?
  • 15 days China Sidelines US As EU’s New Top Trading Partner
  • 17 days 3 Smart Ways To Play the Global Chip Shortage
  • 18 days Flying Taxis Are The Number One Speculative Bull Arena
  • 19 days Ocean Power: The Missing Link
  • 24 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
  • 25 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
  • 26 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
  • 27 days The Biggest Tech IPO Since Uber … For Farmers
  • 29 days The Biggest Boost Yet for the Cannabis Industry
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/CHF - Sell Short Term Bounces

USD/CHF continues to move broadly sideways, as can be seen by the failure to break the hourly resistance at 0.9885 (01/09/2016 high), the shortterm technical structure is negative. There are alternating periods of strong and low volatility and the pair seems without direction. Key resistance lies at 0.9956 (30/05/2016 high). Support can be located at 0.9662 (28/09/2016 low) then 0.9662 (26/09/2016 base low).

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment