USD/CHF 4H Chart: Decline continues

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The bearish momentum which has been dominating the USD/CHF currency pair since the middle of November has guided the US Dollar toward the lower boundary of a medium-term ascending channel pattern at 0.9800.

The exchange rate is stranded between the weekly pivot point at 0.9866 and the 50.00% Fibonacci retracement level at 0.9835 during the morning hours of Monday's trading session.

Technical indicators demonstrate that the USD/CHF currency exchange rate will continue its decline during the following trading session. The pair could aim for a re-tests pf the monthly S2 at 0.9789.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.