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    Technical analysis for the USDCHF on 16.10.2015

    The USDCHF is trading below tough resistance of 0.9525

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.9665
    Min. 0.9400

    usdchf2

    Unlike the Euro, which broke all its key levels and reversed for correction, the Swiss Franc doesn’t seem to be up for reversal. Trading keeps within the descending channel, below tough resistance of 0.9525.

    Trading volumes are low. Bearish potential is weakening. However, as long as the 0.9525 resistance remains intact, downside potential preserves.

    The main decline targets are situated at 0.9475 and 0.9400 supports.

    Alternative scenario:  

    usdchf11

    The breaking of 0.9525 resistance will turn the downtrend up. Potential growth targets in this case will be situated at 0.9585, 0.9665.

     

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!

    The USDCHF is trading below tough resistance of 0.9525

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.9665
    Min. 0.9400

    usdchf2

    Unlike the Euro, which broke all its key levels and reversed for correction, the Swiss Franc doesn’t seem to be up for reversal. Trading keeps within the descending channel, below tough resistance of 0.9525.

    Trading volumes are low. Bearish potential is weakening. However, as long as the 0.9525 resistance remains intact, downside potential preserves.

    The main decline targets are situated at 0.9475 and 0.9400 supports.

    Alternative scenario:  

    usdchf11

    The breaking of 0.9525 resistance will turn the downtrend up. Potential growth targets in this case will be situated at 0.9585, 0.9665.

     

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!


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