Fundamental analysis of USD/CHF for May 26, 2017
May 26, 2017 9:43 amVideo
Latest News
- Video market update for April 23, 2024 April 23, 2024
- Trading Signals for EUR/USD for April 23-25, 2024: buy above 1.0681 (21 SMA – 3/8 Murray) April 23, 2024
- Analysis for the EUR/USD pair on April 23rd. Euro currency prepares for another decline April 23, 2024
- Analysis for the GBP/USD pair on April 23rd. Sellers failed to take the mark of 1.2313 on the first attempt April 23, 2024
- Technical Analysis – AUDUSD gears up after disappointing US PMIs April 23, 2024
- Technical Analysis – Meta stock falls below 50-SMA ahead of earnings April 23, 2024
- USD/JPY: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Technical Analysis – USDJPY fights with new 34-year high April 23, 2024
- EUR/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets April 23, 2024
- GBP/USD: trading plan for the US session on April 23rd (analysis of morning deals). The pound continues to decline April 23, 2024
- EUR/USD: trading plan for the US session on April 23rd (analysis of morning deals). The euro has shown rapid growth April 23, 2024
- EUR/USD. April 23rd. Bulls and bears are in balance April 23, 2024
- GBP/USD. April 23rd. The bears continue to attack April 23, 2024
- Gold edges lower as Middle East tensions ease April 23, 2024
- Slightly lower volatility across the board ahead of key US data – Volatility Watch April 23, 2024
- Technical Analysis – UK 100 index hits new all-time highs but rally may be cooling April 23, 2024
- XM Teams up with ‘Charity Right’ for Change April 23, 2024
- Technical Analysis – US 500 index rebounds off 2-month low below 5,000 April 23, 2024
USD/CHF has been in a good bearish run since the bounce off the 1.0100 resistance area recently. Switzerland published a negative trade balance report on Tuesday which was at 1.97B versus the expected level at 2.87B. However, the Swiss currency is stronger against USD. Currently CHF is dominating USD in every dimension possible. On the USD side, today the G7 meeting is going on which is expected to bring some volatility to the market. Besides, the preliminary estimates of the GDP growth rate are expected to show an increase of 0.9% which previously was at 0.7%. The durable goods orders is expected to show a negative figure at -1.4% which previously was positive at 0.9%, and Prelim GDP Price Index is expected to be unchanged at 2.3%. If the USD reports fail to meet expectations today, CHF is expected to extend gains in the coming days.
Now let us look at the technical view. The price has already broken below the event level at 0.9960 and currently it is in a non-volatile bearish trend with a target towards 0.9550 area. Some correction may be observed before the price reaches the ground at 0.9550 area. Counter players are currently weak in this market structure. We are in bearish bias in this pair and it will continue till the price breaks above 1.0100 area with a daily close.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: