Technical Analysis – USDCHF outlook unchanged despite fast rally

USDCHF experienced its most volatile daily session since June 2021 on Thursday, fluctuating vigorously between a low of 0.9619 and a high of 0.9849.

The pair managed to distance significantly above its exponential moving averages (EMAs), but the bullish fuel was not enough to exit the bearish-to-neutral trajectory in the medium-term picture, with the price closing below July’s high of 0.9668.

Nevertheless, with the RSI jumping decisively above its 50 neutral level and the MACD climbing back above its red signal line, there are hopes for further improvement in the market.

Encouragingly, the broken short-term resistance line drawn from mid-September is currently buffering downside pressures, adding to optimism that the pair may gain fresh impetus above the 0.9800 number and towards the key 0.9860 region. A clear step above the latter could lift the price up to 0.9930, while higher, all attention will turn to the crucial 1.0014 barricade.

In the event the pair pulls below the support trendline at 0.9755, the downfall could initially take a breather around the 0.9700 psychological mark before stretching towards the ascending trendline at 0.9660, where the 20- and 50-day EMAs also reside. Should the sell-off sharpen here, the next stop could be near the 0.9600 number.

All in all, Thursday's steep ascent in USDCHF has pushed the bias into the bullish area, but left the outlook fragile. To change that, the pair will need to run firmly above the 0.9800- 0.9860 zone.


Technical Analysis – Is Facebook preparing for a bullish reversal?

Technical Analysis – JP225 consolidates above the 100-day SMA

Daily Market Comment – Stocks lose altitude, dollar reawakens after solid US data

Technical Analysis – GBPUSD declines from 5-month high, but outlook is still bullish

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。