USDCHF on the rise. Tests 200 hour MA

 Chart | Calendar   | TRADE NOW | USDCHF

USDCHF on the rise. Tests 200 hour MA

BUZ INVESTORS USDCHF on the rise The US Dollar is trading at 0.9908 against the Swiss Franc at 09:40 GMT this morning, 0.34% lower from the New York close.

USDCHF

BUZ INVESTORS  USDCHF on the rise The US Dollar is trading at 0.9908 against the Swiss Franc at 09:40 GMT this morning, 0.34% lower from the New York close. Earlier today, Switzerland’s SECO consumer confidence index surprisingly dropped in April. The pair traded at a high of 0.9956 and a low of 0.9908 this mo

rning. Yesterday, the USD traded 0.43% higher against the CHF in the New York session and ended at 0.9942. The pair is expected to its find support at 0.9879 and its first resistance at 0.9947.

The USDCHF just made its quick move to the upside and tests the 200 horu MA at 0.9941. The 200 day MA is ahead at 0.99498. and a trend line cuts across at 0.99607 currently. There are 5 points on that line now (see red circles).

It seemed the market was trying to make the case for the higher CHF (safe haven perhaps), but the FOMC statement was not that scary, and the dollar is better bid anyway.   The pair is back in the choppy stuff.

 



USDCHF on the rise

READ  USDCHF correction lower finished near 0.9850
READ  USDJPY Forex Exchange Lower Midday Tuesday August 8
READ  USDCHF Responds at the 5 Year Trendline

>>>TRADE NOW<<<

Swiss Franc | Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
The USDCHF decreased 0.0037 or 0.37% to 0.9909 on Thursday May 4 from 0.9945 in the previous trading session. Historically, the Swiss Franc reached an all time high of 3.88 in April of 1972 and a record low of 0.72 in August of 2011.

Switzerland Trade Surplus Widens In March

Switzerland trade surplus rose to CHF 3.10 billion in March of 2017 from CHF 2.08 billion a year earlier and above market expectations of CHF 3.01 billion, as exports increased more than imports. Considering the first three months of 2017 the trade surplus was recorded CHF 11 billion.
Year-on-year, sales went up by 10.2 percent to CHF 19.60 billion, driven by metals (21.8 percent), textiles, clothing and footwear (32.9 percent), pharmaceuticals (12.2 percent), machinery and electronics (6.4 percent), watches (7.6 percent), precision instruments (13.4 percent), jewelry and bijouterie (4.9 percent), food, beverages and tobacco (1.1 percent), plasticts (5.4 percent), and paper and graphic products (4.0 percent). In contrast, exports decreased for: vehicles (-11.2 percent).

Swiss Jobless Rate Falls To 4-Month Low Of 3.4% In March

Swiss unadjusted unemployment rate fell to 3.4 percent in March of 2017 from 3.6 percent in February and in line with market estimates. It was the lowest jobless figure since November 2016, as the number of unemployed and jobseekers went down.

In March, there were 152,280 unemployed persons enrolled at the regional employment centers, about 7,529 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 3,044 persons (-2 percent).

 

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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