USD/CHF pierces descending pattern

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


The last review of the USD/CHF currency pair was conducted on June 03. Since then, the pair once again attempted to reach above the 1.0000 parity level and the early 2018 high level. The pair failed at the attempt and step by step revealed a wide channel down pattern.

However, on August 10, the rate hit the combination of the 2022 supporting trend line and the 2021 high level zone. The combination of these levels was enough to cause a surge, which by August 24 had pierced the upper trend line of the channel down pattern.

In the case of a surge of the US Dollar against the Swiss Franc, it appears that only the 0.9900 mark could slow down the rate, before parity is once again reached. Afterwards, the 1.0060 2018 high level would be tested.

On the other hand, a decline of the USD/CHF is set to look for support in the 0.9600 level and the 50-day simple moving average near 0.9620, before the 2022 support trend line is reached. In addition, the 200-day simple moving average might act as support near 0.9500.
Back to articles

Actual Topics

Thu, 25 Aug 2022 11:52:10 GMT

USA500 stock recovery looks for support

The July and August surge of the USA top 500 market capitalization stocks has encountered resistance in the 4,300.00 mark and a minor zone around it. Most recently, the equity index passed the support of the 200-day simple moving average and approached the resistance and support zone at 4,040.00/4,100.00. If the index finds enough support in the 4,040.00/4,100.00 zone, the

Wed, 24 Aug 2022 12:29:26 GMT

USA30 index decline might reach 32,000.00

The top 30 US stock index has been recovering throughout July and August. However, on August 16, a decline started, which indicated that the larger scale surge is over. By August 24, the equity index had reached below the 33,000.00 mark. Next target for the decline could be the combination of the cluster of levels, which surround the 32,000.00 mark.

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.