Technical Analysis USDCHF : 2020-04-22

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)
Recommendation for USD/CHF: Strong Sell

Below 0.9668 Sell Stop
Above 0.9705 Stop Loss

Donchian ChannelSell
Parabolic SARSell
Chart Analysis
IFC Markets Tech Analysis

On 1-hour timeframe USDCHF: H1 is declining toward the 200-period moving average MA(200) which is leveling off. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.9668. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.9705. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis
Swiss trade surplus rose. Will the USDCHF reverse climbing?