Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- USDCHF Daily Outlook

Ichimoku analysis (4 Hour chart)

 

Tenken-Sen- 0.91659

 

Kijun-Sen- 0.91573

 

June month high– 0.92750

 

 The pair has shown a nice recovery of more than 80 pips on board-based US dollar buying. The US dollar index recovered sharply from a minor bottom of 91.92. Any breach above 92.50 confirms intraday bullishness. The surge in US treasury yields is also supporting the US dollar index. At the time of writing, USDCHF is hovering around 0.91938 up 0.01%.

 

Trend-Bullish

The near-term resistance is around 0.9210, any breach above targets 0.9240/0.9275. The minor bearish trend will get completed only after it breaks 0.9275. On the lower side, immediate support is around 0.91570. Any convincing breach below will take to the next level 0.91150/0.9995/0.90750/0.9050.

 

 Indicator (4-Hour chart)

 

CAM indicator –Bullish 

 

 Directional movement index –Bullish

 

It is good to buy on dips around 0.9150-525 with SL around 0.9110 for TP of 0.9240.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.