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

    Switzerland published business PMI for March. The report showed a growth from 51.6 to 53.2. The retail sales for February showed -0.4%.

    The price is finding the first support at 0.9500, the next one is at 0.9420. The price is finding the first resistance at 0.9580, the next one is at 0.9660.

    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 and the Kijun-sen show a downward 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.

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