Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- USDCHF Daily Outlook

Ichimoku analysis (Daily chart)

Tenken-Sen- 0.92033   

Kijun-Sen- 0.91005

Previous week High– 0.92676

Previous week low- 0.91330

The pair has shown a minor recovery after hitting a low of 0.91319. The overall trend is still bearish as long as resistance 0.92750 holds. The surge in the corona delta variant has increased demand for safe-haven assets like Yen and Swiss franc. Markets eye US CPI data today for further direction. The US 10-year yield trades steadily ahead of the US inflation report.  

 

Trend- Bearish

The near-term support is around 0.91219, the breach below will take the pair to 0.9059/0.9000. On the higher side, immediate resistance is around 0.9180. Any convincing breach above targets 0.9238/0.92750.

 

Indicator (1 Hour chart)

               

CAM indicator – Neutral 

 

Directional movement index –Neutral

 

It is good to sell on rallies around 0.91580-60 with SL around 0.9210 for a TP of 0.9050.

  • Market Data
Close

Welcome to EconoTimes

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