USD/CHF: technical analysis


On the daily chart, the instrument is in the correction in the lower part of Bollinger Bands. The indicator is pointed downwards, while the price range is widening, which reflects the development of the current trend. MACD is in the negative zone, keeping strong sell signal. Stochastic is leaving the oversold area, forming a strong buy signal.


On the 4-hour chart, the instrument is testing the resistance level of 0.9645. The nearest support level is 0.9630, the breakdown will let the USD/CHF fall to the area of 0.9590–0.9570. Bollinger Bands has reversed sideways; the price range is narrowing, which reflects the changing of a trend. MACD histogram is in the negative zone, its volumes have slightly grown, and a strong sell signal is still relevant. Stochastic is ready to enter the overbought area.

Key levels

Resistance levels: 0.9645, 0.9710, 0.9755, 0.9815, 0.9845.

Support levels: 0.9550, 0.9585, 0.9620, 0.9630.

Trading tips

Short positions can be opened below the level of 0.9620 with the targets at 0.9585, 0.9550 and stop loss 0.9650. Implementation period: 1–2 days.

Long positions can be opened at the level of 0.9680 with the targets at 0.9715, 0.9755 and stop loss 0.9640. Implementation period: 1 days.

US Dollar vs Swiss Franc

Buy Sell Spread
0.9604 0.96012 28


Timeframe Day’s Range
Recommendations SELL STOP
Entry Point 0.9615
Take Profit 0.9585, 0.9550
Stop Loss 0.9650
Support levels 0.9550, 0.9585, 0.9620, 0.9630, 0.9645, 0.9710, 0.9755, 0.9815, 0.9845

Alternative scenario

Recommendations BUY STOP
Entry Point 0.9680
Take Profit 0.9715, 0.9755
Stop Loss 0.9640
Support levels 0.9550, 0.9585, 0.9620, 0.9630, 0.9645, 0.9710, 0.9755, 0.9815, 0.9845

USD/CHF: technical analysis

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