Swiss Franc insight technical analysis USDCHF bearish correction November 21, 2017

Swiss Franc insight technical analysis USDCHF bearish correction November 21, 2017

Swiss Franc insight technical analysis USDCHF bearish correction November 21, 2017

  • US Dollar is trading at 0.9894 against the Swiss Franc at 10:40 GMT this morning, 0.14% higher
  • continues to move within a bearish correction.
  • formation of an inverted «Head and Shoulders» model.

Switzerland’s trade balance figures, set to release tomorrow, will be on investors’ radar.

CURRENCY TRADERS  Dollar Franc USD/CHF continues a bearish correction. At the moment, we should expect an attempt at 0.9900 level and continue growing above 1.0070. In favor of the growth of the Dollar/Franc pair will perform a test of the broken support line on the indicator of relative strength index (RSI), as well as the formation of an inverted «Head and Shoulders» model.

CURRENCY TRADERS  Dollar Franc USD/CHF continues a bearish correction. At the moment, we should expect an attempt at 0.9900 level and continue growing

USDCHF bearish correction

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The US Dollar is trading at 0.9894 against the Swiss Franc at 10:40 GMT this morning, 0.14% higher from the New York close. Looking forward, Switzerland’s trade balance figures, set to release tomorrow, will be on investors’ radar. The pair traded at a high of 0.9901 and a low of 0.9878 this morning. On Friday, the USD traded 0.38% lower against the CHF in the New York session and ended at 0.9880. The pair is expected to its find support at 0.9870 and its first resistance at 0.9925.

 
DatePriceOpenHighLowChange %
Dec 12, 20170.99130.99150.99360.9890-0.06
Dec 11, 20170.99190.99370.99450.9897-0.11
Dec 08, 20170.99300.99440.99790.9924-0.14
Dec 07, 20170.99440.98990.99490.98820.45
Dec 06, 20170.98990.98740.99110.98550.25
Dec 05, 20170.98740.98500.98890.98370.24
Dec 04, 20170.98500.97840.98690.97830.86
Dec 01, 20170.97660.98370.98720.9736-0.71
Nov 30, 20170.98360.98480.98830.9816-0.10
Nov 29, 20170.98460.98430.98720.98180.04
Nov 28, 20170.98420.98150.98540.98030.26
Nov 27, 20170.98160.97940.98210.97780.18
Nov 24, 20170.97980.98160.98290.9786-0.18
Nov 23, 20170.98160.98180.98300.9794-0.03
Nov 22, 20170.98190.99140.99180.9812-0.97
Nov 21, 20170.99150.99350.99470.9898-0.21
Nov 20, 20170.99360.98910.99390.98790.51
Nov 17, 20170.98860.99420.99460.9876-0.55
Nov 16, 20170.99410.98830.99470.98810.59
Nov 15, 20170.98830.98940.99130.9847-0.11
Nov 14, 20170.98940.99630.99720.9881-0.70
Nov 13, 20170.99640.99620.99880.99370.06
Highest:0.9988Lowest:0.9736Difference:0.0252Average:0.9877Change %:-0.4519

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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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