Fort Financial Services - Analytics

    Fort Financial Services

    552.50 6.50/10
    100% of positive reviews

    USD/CHF (a 4 hour chart)

    USD/CHF (a 4 hour chart)

    General overview

    By the end of the trades the dollar strengthened against the franc. The United States news flow disappointed traders and contributed to the dollar weakening. Thus, initial jobless claims number fell to 278 thousand. The Continuing Jobless Claims index has increased from 2.219 million to 2.268 million, which again increases the unemployment risk. The durable goods orders decreased by 5.1%, although the market expected a decrease by 0.6%.

    The price is finding the first support at 1.0190, the next one is at 1.0100. The price is finding the first resistance at 1.0280, the next one is at 1.0370.

    There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

    The MACD indicator is in a positive territory. The price is increasing.

    Trading recommendations

    We advise to long with the first target – 1.0280. When the pair consolidates above the first target, we can open deals to the level of 1.0370.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree