country flagالعربية

USD/CHF Daily Technical Analysis | 17 January 2018

2018-01-16 11:15 pm | Resource: Technical Analysis | No Views : 162

Time frame Used - four hours
The USD / CHF is moving in a bearish direction in the near term

USD / CHF still faces selling pressure as the sell-off managed to control the USD / CHF move to the 0.9597 support level
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Accordingly, we expect the USD / CHF to return to 0.9668 - 0.9700
  The alternative scenario is to drop back to 0.9597 again
Resistance: 0.9641 - 0.9668 - 0.9700
Support: 0.9597 - 0.9566 - 0.9528
Direction: Down

Technical Analysis

Forex Analysis

Other news

Sterling price fell against major with uncertainty due to Brexit

The pound came under pressure against its main rivals at the European session on Wednesday, as concerns over Britain's exit from the European Union intensified after UK lawmakers rejected Prime Minister Boris Johnson's proposed timetable for pushing the deal ahead of the October 31 deadline. Faradkar: Brexit will last for a long time  Irish Prime Minister Leo Faradkar predicted on Wednesday that Britain's pullout from the European Union "will last…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.