<a href="http://instaforex.com/?x=DVNP">InstaForex</a>
WallStreet Forex Robot

USD/CHF Outlook July 16-20

| July 16, 2012 | 0 Comments

After last week’s downturn, the European countries franc was the same against the money, as USD/CHF shut just shy of the 0.98 range, at 0.9798. The future weeks time has only two produces. Here is an perspective for the European countries activities, and an modified specialized research for USD/CHF.

With the uncertainty continuous in the Euro-zone and a mix of information out of the US, the swissie handled to hold its against the dollar. The European countries forex was also reinforced by some latest produces, such as powerful store sales and a lower lack of employment rate.

Updates: There are no planned produces until Wed. The European countries franc has damaged to start the dealing weeks time, as USD/CHF was dealing at 0.9854.

USD/CHF everyday information with assistance and stage of resistance collections on it. Simply click to enlarge:

ZEW Financial Expectations: Wed,9:00. Financial Objectives seemed terrible in May, with a studying of -43 factors. Will the signal recovery in July?

Trade Balance: Friday, 6:00. The Business Stability extra increased in May, with a studying of 2.48 million. The market calculate for Sept involves a fall to 2.21B.

*All times are GMT

USD/CHF Technical Analysis

USD/CHF started out the weeks time at 0.9788, and shifted a low of 0.9737, as the assistance range of 0.9719 (discussed last week) organised company. The couple then shifted up-wards, hitting a high of 0.9873. USD/CHF shut the weeks time at 0.9798, almost the same.

Technical collections from top to bottom:

We begin with stage of resistance at 1.0368. This range was last examined in Aug 2010, when the European countries franc decreased dramatically. The next stage of resistance range is at 1.0220. This is followed by 1.0136, which has organised company since Sept 2010. Next, there is stage of resistance at 1.0066, which was last examined in Nov 2010.

This is followed by equality, which remains a powerful range of stage of resistance. Next, there is stage of resistance at 0.9915. Below is 0.9783, which breached by the couple on its up-wards move. The range is now offering the couple with poor assistance, and could be examined again this weeks time by USD/CHF.

The next stage of assistance is at 0.9719, which organised company this weeks time. This is followed by 0.9584, which is constantly on the provide the couple with assistance. The next assistance stage is 0.9510, which saw some activity previously in Sept.

The next assistance stage is at 0.9412. Below, there is powerful assistance at 0.9317, which has organised company since May. The ultimate assistance stage for now is 0.9250.

I am favorable on USD/CHF.

The money has obtained floor on the swissie in Sept, and this pattern ongoing until the money decreased at the end of the weeks time. Given the problems in European countries and the international recession, traders will likely be attracted to the protection of the US money, unless there is some uncommonly powerful European countries economic information.

Check Our FXSS Scalping System

fxss%20forexmt4systems%20533 USD/CHF Outlook July 16 20

Tags: ,


Leave a Reply

Anti-Spam Quiz: