Technical analysis of USD/CHF for October 25, 2016
October 25, 2016 8:30 amVideo
Latest News
- Overview of the EUR/USD pair. July 16th. Preview of the week. Will the euro be able to continue its victorious march? July 16, 2023
- Analysis of the GBP/USD pair for the July 10-14 trading week. COT Report. The dollar continues its free fall July 15, 2023
- Analysis of the EUR/USD pair for the July 10-14 trading week. COT report. The euro currency makes a surge upward and ends July 15, 2023
- Is Gold heading to $2,000? July 14, 2023
- Reporting season starts with JPMorgan Chase posting upbeat results in Q2 July 14, 2023
- EUR/USD showed exhausted signs July 14, 2023
- Technical analysis on EURUSD for July 14th, 2023. July 14, 2023
- Bitcoin shows troubling signs July 14, 2023
- Ichimoku cloud indicator analysis on Gold for July 14th, 2023. July 14, 2023
- Ichimoku cloud indicator analysis on USDJPY for July 14th, 2023. July 14, 2023
- Bitcoin vulnerable to a pull back for week starting July 17th 2023. July 14, 2023
- Will China’s Q2 GDP data be the next bull catalyst in markets? – Forex News Preview July 14, 2023
- AUD/USD Outlook on July 14, 2023 July 14, 2023
- Trading Signal for EUR/USD for July – August, 2023: sell below 1.1271 (GAP – overbought) July 14, 2023
- Forex forecast 07/14/2023 on EUR/USD, Gold, SP500 and USDX from Sebastian Seliga July 14, 2023
- EUR/USD: Dollar loses yet another favor July 14, 2023
- Trading Signal for GOLD (XAU/USD) for July 14-17, 2023: sell below $1,968 (3/8 Murray – overbought) July 14, 2023
- Technical Analysis – Will the AUDUSD breakout have legs? July 14, 2023
- Meet the Winners of Our Everybody Wins Promo July 14, 2023
- Nasdaq 100 rebalances this month, what’s the effect? – Stock Market News July 14, 2023
USD/CHF is expected to trade with bullish bias. The pair is trading above its 20-period and 50-period moving averages while the 20-period moving average is turning up. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Additionally, 0.9915 is playing a key support role, which should limit the downside potential. The US dollar remained firm with no weakness in sight as expectations of the Federal Reserve raising interest rates in December grew. In fact, St. Louis Federal Reserve President James Bullard pointed out that an interest rate hike in December is most likely. Besides, Chicago Federal Reserve President Charles Evans said the central bank could increase rates three times by the end of 2017.
As long as this key level is not broken, look for a further upside toward 0.9970. A break above this level would call for a further advance toward 1.0000.
Resistance levels: 0.9970, 1.0000, 1.0075
Support levels: 0.9895, 0.9870, 0.9850
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: