Technical Analysis USDCHF : 2020-12-18

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)

Recommendation for USD/CHF:Sell​

Sell Stop : Below 0.8822

Stop Loss : Above 0.8946

Donchian ChannelNeutral
Parabolic SARSell

Chart Analysis​

IFC Markets Tech Analysis

The USDCHF technical analysis of the price chart on daily timeframe shows USDCHF: Daily is retracing down under the 200-period moving average MA(200) which is declining. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.8822. 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 0.8946. After placing the order, the stop loss is to be moved to the next fractal high indicator, 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 more than expected in November. Will the USDCHF retreat continue?