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Technical Analysis
Technical Analysis USDCHF : 2020-08-24
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[QUOTE="IFC Markets, post: 184652, member: 18359"] [SIZE=6][B]Recommendation for USD/CHF: Buy[/B][/SIZE] Buy Stop : Above 0.92 Stop Loss : Below 0.9 [TABLE] [TR] [TD]Indicator[/TD] [TD]Value[/TD] [TD]Signal[/TD] [/TR] [TR] [TD]RSI[/TD] [TD][/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MACD[/TD] [TD][/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD][/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [/TABLE] [SIZE=6][B]Chart Analysis[/B][/SIZE] [IMG alt="IFC Markets Tech Analysis"]https://ifccd.net/uploads/image/tanalysis/new/be19a324b347c58a1a6f8f125f1d53a63fb96659.png[/IMG] On the daily timeframe, [B] USDCHF: D1 [/B] was unable to overcome the psychological support level of 0.9. The pair began to rise and approached the downtrend resistance line. It must be broken upward before opening a position. A number of technical analysis indicators formed signals for further growth. We do not exclude a bullish move if [B] USDCHF [/B] rises above its last upper fractal and Parabolic signal: 0.92. This level can be used as an entry point. The stop loss can be placed below the last bottom fractal and minimum since January 2015: 0.9. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. After the transaction the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (0.9) without activating the order (0.92), it is recommended to delete the order: some internal changes in the market have not been taken into account. [SIZE=6][B]Fundamental Analysis[/B][/SIZE] Industrial production in Switzerland in Q2 2020 suffered the maximum drop in the past 7 years. Will the USDCHF quotes increase? [/QUOTE]
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