OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF Technical Analysis: US Dollar bulls driving the market to daily highs ahead of Fed’s Powell speech

USD/CHF Daily chart

  • USD/CHF is trading in a sideways trend below the 50, 100 and 200-period simple moving average (SMA).
  • Fed’s Powell is speaking at 17.00 GMT and it can have a strong impact on the currency markets.

USD/CHF 4-hour chart

  • USD/CHF is having a reversal up as it is trading below its main SMAs.

USD/CHF 30-minute chart

  • USD bulls are gaining ground as they reclaimed the 50 and 100 SMA. 
  • The next hurdle to overcome is 0.9820 which would open the doors to 0.9880 target.
  • To the downside 0.9700 is seen as support.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9794
    Today Daily change: 60 pips
    Today Daily change %: 0.616%
    Today Daily Open: 0.9734
Trends:
    Previous Daily SMA20: 0.988
    Previous Daily SMA50: 0.9946
    Previous Daily SMA100: 0.988
    Previous Daily SMA200: 0.9886
Levels:
    Previous Daily High: 0.9821
    Previous Daily Low: 0.9732
    Previous Weekly High: 0.9921
    Previous Weekly Low: 0.9796
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Previous Daily Fibonacci 38.2%: 0.9766
    Previous Daily Fibonacci 61.8%: 0.9787
    Previous Daily Pivot Point S1: 0.9704
    Previous Daily Pivot Point S2: 0.9674
    Previous Daily Pivot Point S3: 0.9616
    Previous Daily Pivot Point R1: 0.9793
    Previous Daily Pivot Point R2: 0.9851
    Previous Daily Pivot Point R3: 0.9881

 

Wall Street opens in red pressured by disappointing holiday sales figures

Following a 4-day rally, major equity indexes in the U.S. started the day in the negative territory as disappointing holiday sales figures from major
Read more Previous

Fed's Barkin: Near neutral in terms of rates, but not there yet

Additional comments from Richmond Fed President Tom Barkin continue to cross the wires as he speaks at an event organised by the Raleigh Chamber of Co
Read more Next
Start livechat