Anil Panchal

Anil Panchal

Anil Panchal, has seven years of experience as a commodity research analyst and six years' rich knowledge of Forex markets. He holds a masters degree in Business Administration with Finance being specialization.

Articles by Anil Panchal

USD/CHF Price Analysis: MACD turns bearish for the first time in a week

USD/CHF four-hour chart

USD/CHF extends recovery gains from the two-day low. Sellers await a downside break of 23.6% Fibonacci retracement. A monthly trend line will keep buyers away. USD/CHF takes rounds to 0.9683 during the pre-European session on Thursday. In doing so, the pair bounces off Tuesday’s low. However, the pair still remains below the monthly resistance line while the MACD flashes the bearish signals for the first time in a week, which in turn portrays the underlying weakness to recall the bears.

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USD/CHF Price Analysis: Buyers look for entry beyond 0.9650/55

USD/CHF hourly chart

USD/CHF holds onto recovery gains from a 16-month low. 200-hour SMA will please buyers during a sustained breakout. Bears may aim for September 2018 low following the downside break of the recent bottom. USD/CHF confronts a one-week-old falling trend line resistance while trading around 0.9650 during early Friday. The pair recently ticked up to 0.9654 but failed to extend the rise.

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USD/CHF Technical Analysis: Weak below six-week-old falling trendline

USD/CHF four-hour chart

USD/CHF recovers amid the recent risk reset. 200-bar SMA adds to the upside barrier, 2019 low holds the key to further declines. USD/CHF bounces off the intra-day low of 0.9665 to 0.9702 while heading into the European session on Wednesday. The pair benefits from the absence of immediate US-Iran war after Tehran hit US bases in Iraq.

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USD/CHF Technical Analysis: Inside descending channel below 200-HMA

USD/CHF hourly chart

USD/CHF clings to 23.6% Fibonacci retracement of the pair’s downpour from Christmas to December 31. The falling channel, 200-HMA will challenge the Bullish MACD. The current month top will lure the buyers during further upside. The USD/CHF pair’s latest recovery seems to struggle around 0.9690 during early Tuesday.

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USD/CHF stalls three-day winning streak amid broad USD pullback

Additional important levels

USD/CHF fails to hold onto recovery gains from multi-month lows. Doubts over Iran/Iraq’s capacity to retaliate the US might have shuffled the risk tone. Comments from the NY Fed, GT headlines add to the greenback’s weakness. USD/CHF refrains from extending the recent recovery while trading around 0.9700 during the pre-European session on Monday.

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USD/CHF Technical Analysis: Falling wedge on 4H, oversold RSI check further declines

USD/CHF four-hour chart

USD/CHF trades near the multi-month low. A Bullish technical formation, oversold RSI conditions stop sellers. The further downside can look towards late-August month low. USD/CHF seesaws around 0.9800 during the pre-European session on Thursday. The pair forms a bullish technical pattern on the four-hour (4H) chart. Also supporting the hopeful buyers is oversold conditions of 14-bar Relative Strength Index (RSI).

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USD/CHF Technical Analysis: Forms bearish flag on hourly chart

USD/CHF hourly chart

USD/CHF sellers await confirmation of the bearish technical pattern. 200-hour EMA limits immediate upside. Following its heavy declines on Monday, USD/CHF trades near 0.9880 while heading into the European session on Tuesday. The pair forms a bearish flag on the hourly chart while staying near the pattern support by the press time.

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USD/CHF Technical Analysis: Sluggish below 100-DMA, 38.2 percent Fibonacci

USD/CHF daily chart

USD/CHF declines for the second consecutive day. 50% Fibonacci retracement, October low could challenge sellers. An upside break of 0.9890 highlights 200-DMA, 23.6% Fibonacci retracement. USD/CHF extends the recent pullback while flashing 0.9870 as a quote during early Friday. The pair recently pulled back from 100-Day Simple Moving Average (DMA) and 38.2% Fibonacci retracement of August-October rise.

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USD/CHF ignores doubts over phase-one deal, stays around two-month high

Technical Analysis

USD/CHF focuses more on China’s official PMI-led optimism that the US-China tussle. A few second-tier Swiss data can offer intermediate moves ahead of the US statistics. Trade/political news will continue driving the markets in the case of strong headlines. With the most Asian markets up for Monday’s trading session, USD/CHF takes the bids to 1.0005 despite Axios conveying the news of delays in the US-China trade deal.

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USD/CHF holds on to recovery gains ahead of Swiss ZEW numbers

Additional Important Levels

USD/CHF takes the bids around monthly high. Optimism surrounding the US-China trade deal, global economy confront nearness to data. The US data, trade/political headlines could drive markets afterward.
USD/CHF respects the previous day’s Doji formation, coupled with upbeat fundamentals, while taking the bids to 0.9980 ahead of Wednesday’s European session.

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USD/CHF Technical Analysis: 200-day SMA, 7-week-old trendline cap rise to 8-day high

USD/CHF daily chart

Following its latest recovery, USD/CHF rises to the highest since the previous Tuesday. 200-day SMA and multi-week-old resistance line hold the key to pair’s run-up towards 1.0000 mark. 0.9870 can entertain short-term sellers. Based on its U-turn from 0.9870, the USD/CHF pair current takes the bids to the highest in eight-day while trading around 0.9940 during early Friday.

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USD/CHF Technical Analysis: 100-day SMA becomes a tough nut to crack for sellers

USD/CHF daily chart

USD/CHF takes another U-turn from 100-day SMA, takes the bids above 38.2% Fibonacci retracement. 61.8% Fibonacci retracement acts as the key support while 200-day SMA holds the pair’s recovery confined. Following its bounce off 100-day SMA, USD/CHF rises past-38.2% Fibonacci retracement of August-October upside while taking the bids to 0.9900 by the press time ahead of the European session on Monday.

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USD/CHF Technical Analysis: Confronts immediate resistance confluence

USD/CHF hourly chart

The USD/CHF pair’s recent recovery confronts 100-HMA, adjacent resistance line. 38.2% Fibonacci retracement, 0.9900 act as nearby supports. Following its bounce off 38.2% Fibonacci retracement of the current month upside, USD/CHF confronts near-term key resistance confluence while taking the bids to 0.9942 during early Tuesday.

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USD/CHF Technical Analysis: Positive beyond 200-day SMA, 50 percent Fibo.

USD/CHF daily chart

USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement. A downside break of 0.9948 could recall 0.9900 on the chart. Bullish MACD keeps buyers hopeful. The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour.

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USD/CHF technical analysis: Downside capped by immediate rising channel

USD/CHF 4-hour chart, October 2019

USD/CHF pulls back from multi-day old falling trend line resistance. 50% of Fibonacci retracement adds strength to the channel’s support. Although a downward sloping trend line since October 03 recently triggered the USD/CHF pair’s pullback, prices still stay inside a short-term rising channel while taking rounds to 0.9950 during Asian session on Tuesday.

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USD/CHF technical analysis: 0.9912/15, 4H 200MA limit immediate upside

USD/CHF 4-hour chart

USD/CHF struggles to hold the latest recovery gains. A seven-week-old rising trend line, 50% Fibonacci retracement acts as the closest upside barrier. 61.8% of Fibonacci retracement offers adjacent support. The USD/CHF pair’s recovery from 0.9840 seems to lack momentum as the quote witnesses a pullback to 0.9900 ahead of the European session opening on Wednesday.

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USD/CHF technical analysis: 0.9900 is the level to beat for buyers

USD/CHF hourly chart

USD/CHF seesaws around late-Friday tops. 100-HMA, Friday’s high will restrict the latest pullback. September month low can please sellers during the declines. Failure to extend the latest recovery seems to portray the USD/CHF pair’s weakness as it trades around 0.9870 amid pre-European session on Tuesday.

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USD/CHF technical analysis: Buyers’ exhaustion around 0.9985/90

USD/CHF daily chart, October 15

USD/CHF repeatedly fails to cross 0.9985/90 area. A two-month-old rising trend-line, 100-day EMA grabs sellers’ attention. Repeated failures to rise past-0.9985/90 resistance-area drags USD/CHF to 0.9965 by the press time of early Tuesday. The pair now witnesses pullback towards the two-month-old rising trend-line, at 0.9930, a break of which could further drag the quote to a 100-day Exponential Moving Average (EMA) level of 0.9910.

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USD/CHF technical analysis: Positive above 200-bar SMA, 0.9890/87 confluence

USD/CHF 4-hour chart, October 14

USD/CHF pulls back from 0.9990, 23.6% Fibonacci retracement on the sellers’ radar. 200-bar SMA, followed by rising multi-week-old rising trendline and 38.2% Fibonacci retracement, limit further declines. Despite witnessing a downside pressure off-late, the USD/CHF pair remains well above the key supports while taking rounds to 0.9960 amid pre-European open session on Monday.

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USD/CHF technical analysis: Positive above multi-week old rising trend-line, 200-bar SMA

USD/CHF 4-hour chart, August - September 2019

USD/CHF clings to 23.6% Fibonacci retracement amid bearish MACD. The rising trend-line since mid-August, 200-bar SMA limits downside. The seven-day long falling trend-line restricts immediate advances. Despite being mostly around 23.6% Fibonacci retracement of August-September upside, USD/CHF stays above key support-confluence as it trades near 0.9910 while heading into the European open on Monday.

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USD/CHF technical analysis: Bounces off 50-day SMA, eyes on Swiss ZEW data, SNB bulletin

USD/CHF daily chart, April-October 2019

USD/CHF takes a U-turn towards 38.2% Fibonacci retracement, 0.9950 resistance confluence. Sustained break of 50-DMA can recall 0.9800 on the chart. September month Swiss ZEW Expectations and SNB’s Q3 Bulletin in the spotlight. With its recent recovery from the 50-day simple moving average (SMA), the USD/CHF pair takes the bids to 0.9875 while heading into the European session on Wednesday.

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USD/CHF technical analysis: Bull in control above 21-day EMA, short-term rising support-line

USD/CHF daily chart, April-October 2019

USD/CHF remains modestly changed above 13-day-old rising trend-line, 21-day EMA. An ascending trend-line from August 13 adds to the support. August month top, 61.8% Fibonacci retracement level challenge buyers. The USD/CHF pair’s failure to provide a decisive break above August high seems to not disappoint buyers, even for short-term, unless the quote trades below key support-confluence.

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USD/CHF technical analysis: 0.9950 to question buyers inside a rising wedge

USD/CHF daily chart, September 18

USD/CHF takes the bids inside a six-week-old rising wedge bearish formation. 200-DMA, 50% Fibonacci retracement could restrict immediate upside. 0.9880 becomes the key support. Despite the recent rise, USD/CHF trades below the confluence of 200-day simple moving average (DMA) and 50% Fibonacci retracement of April-August declines, close to 0.9940, while heading into the European session on Wednesday.

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USD/CHF technical analysis: 0.9890 is the level to beat for sellers

USD/CHF hourly chart, September 13

USD/CHF fails to sustain the bounce off key support-confluence including 200-HMA and 38.2% Fibonacci retracement. A downside break highlights the 61.8% Fibonacci retracement level while 200-DMA caps the upside. Failures to sustain the bounce off 200-hour moving average (HMA) and 38.2% Fibonacci retracement of latest run-up drag the USD/CHF back to the key support-confluence while taking rounds to 0.9900 ahead of Friday’s European open.

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USD/CHF Technical Analysis: 0.9890/95 to challenge buyers

USD/CHF Daily Chart, April - August 2019

USD/CHF takes the bids near 38.2% Fibonacci retracement of April-August downpour. 200-day EMA, four-month-old falling trend-line acts as key upside resistance. Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday’s Asian session.

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USD/CHF Technical Analysis: 50-DMA holds the key to monthly trend-line resistance

USD/CHF Daily Chart, May - August 2019

USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01. 23.6% of Fibonacci retracement can offer immediate support. Swiss ZEW Survey – Expectations in the spotlight. Sustained trading beyond 23.6% Fibonacci retracement of April-August declines enables USD/CHF to near the 50-day simple moving average (DMA) while taking the bids to 0.9820 during Wednesday’s Asian session.

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