Fort Financial Services - Analytics

    Fort Financial Services

    567.00 7.00/10
    100% of positive reviews

    USD/CHF (a 4 hour chart)

    USD/CHF (a 4 hour chart)

    General overview

    The US dollar fell against almost all currencies when Janet Yellen supported a cautious approach to the interest rates raising. Investors considered her remarks as a soft tone, which led to the stock market growth.

    The price is finding the first support at 0.9580, the next one is at 0.9500. The price is finding the first resistance at 0.9660, the next one is at 0.9750.

    There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The downward movement will be until the price is under the Cloud.

    The MACD indicator is in a negative territory. The price is decreasing.

    Trading recommendations

    We advise to short with the first target - 0.9500. When the pair consolidates below the first target, we can open deals to the level of 0.9420.

    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