17.08.201807:24 Forex Analysis & Reviews: Fundamental Analysis of USD/CHF for August 17, 2018

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

USD/CHF has been quite volatile and corrective recently which is heading towards the resistance area of 0.9980 with certain bullish pressure. CHF has been struggling recently with the economic reports, whereas USD has been performing better than expected which leads the bullish pressure to continue with certain squeeze on the upside.

Recently, CHF PPI report has been published with a decrease to 0.1% from the previous value of 0.2% which was expected to increase to 0.3%. The worse economic results did empower USD to gain good momentum over CHF, whereas ahead of the upcoming CHF Trade Balance report, certain volatility may remain in the market.

On the USD side, Retail Sales report has recently been published with an increase to 0.5% from the previous value of 0.2% which was expected to decrease to 0.1% and Core Retail Sales also has increased to 0.6% from the previous value of 0.2% which was expected to be at 0.3%. The positive economic results did provide the needed boost for the currency, whereas CHF was struggling to impress the market sentiment. Today, USD Prelim UoM Consumer Sentiment report is going to be published which is expected to increase to 98.1 from the previous figure of 97.9 and CB Leading Index is expected to decrease to 0.4% from the previous value of 0.5%.

As of the current scenario, ahead of the CHF Trade Balance next week, USD is expected to remain consistent with the gains having better economic results backing it. As USD manages to publish better reports, further gain on the bullish side is expected in this pair.

Now let us look at the technical view. The price is currently residing at the edge of the 0.9980 area from where a daily close above it is expected to inject further bullish momentum in the pair which is more likely as of the current price formation. As the price closes above 0.9980 with a daily close, further bullish momentum with target towards the 1.0050 area is expected. On the other hand, if the price fails to break above 0.9980, certain bearish pressure is expected which will continue the bullish squeeze further in the coming days.

SUPPORT: 0.9850

RESISTANCE: 0.9980, 1.0050

BIAS: BULLISH

MOMENTUM: VOLATILE

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.