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USD/CHF Technical Analysis - USD/CHF Trading: 2024-02-19
USD/CHF Technical Analysis Summary
Below 0.8783
Sell Stop
Above 0.8856
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| 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 retracing toward the 200-period moving average MA(200) after hitting three-month high five days ago. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.8783. 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 0.8856. 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
Switzerland’s producer prices decline continued in January. Will the USDCHF price decline persist?
Switzerland’s producer prices fell again in January. The Federal Statistical Office reported Switzerland's Producer and Import Price Index (PPI) declined 0.5% over month in January after 0.6% fall in December, when 0.2% decline was expected. Prices dropped by 2.3% over year in January- the steepest since December 2020, following a 1.3% contraction in December. The decrease was mainly due to lower prices of petroleum products, natural gas and computer products. This is bearish for the Swiss franc and bullish for USDCHF price. However, the current setup is bearish for the currency pair.
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