FxWirePro: USD/CHF holds well above 1.000 level, good to buy on dips

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FxWirePro: USD/CHF holds well above 1.000 level, good to buy on dips

Friday, November 16, 2018 10:54 AM UTC

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Ichimoku analysis (Hourly chart)

Tenken-Sen - 1.0064

Kijun-Sen- 1.0057

USDCHF was trading weak and lost more than 90 pips from high of 1.301283. The pair hits low of 1.00357 yesterday and shown a 40 pips recovery. It is currently trading around 1.00753. The global sell-off in stock market and slight short covering in USD is supporting Swiss Franc. But overall trend is still bullish as long as support 1.0020 holds .

The policy divergence between US Fed and SNB is also supporting USDCHF prices. The pair was trading slightly below 200 H MA and not able to hold below that level for a long time. Technically , near term support is around 1.0020 (20- day MA) and any violation below targets 1.000/0.9950. Short term weakness below 0.9950 level.

It is good to buy on dips around 1.0050 with SL around 1.0020 for the TP of 1.01250.

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Economics Monitor

December 11 08:00 UTC Released

HUCPI NSA

Actual

1284.6 Index

Forecast

1288.8 Index

December 11 08:00 UTC Released

HUCPI MM NSA

Actual

-0.3 Percent

Forecast

0.5 Percent

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 464538464538m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 464538464538m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 452718452718m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

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