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 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 Technical Analysis: Sellers focused on spinning top near multi-week high

USD/CHF daily chart

USD/CHF declines after registering a bearish candlestick formation the previous day.
Buyers look for sustained trading beyond 1.0000 psychological magnet.
200-day SMA can please sellers during further downside.
USD/CHF drops to 0.9985 during the early trading session on Friday. That said, the pair formed a bearish “Spinning Top” candlestick formation while taking a U-turn from 1.0000 round-figure.

Considering the pair’s repeated failures to provide a sustained run-up beyond 1.0000, coupled with bearish candlestick pattern, prices are likely declining towards the 200-day Simple Moving Average (SMA) level of 0.9950. Though, late-October high close to 0.9970 can offer an intermediate halt during the declines.

In a case where bears dominate below 200-day SMA,

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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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