empty
28.09.2018 06:52 AM
Fundamental Analysis of USD/CHF for September 28, 2018

USD/CHF has been quite impulsive with the bullish gains recently which is expected to continue further in the coming days. After the recent rate hike from 2.00% to 2.25%, USD gained momentum against CHF which is expected to sustain further.

USD has been quite positive after the recent rate hike which lead the market bias to switch from bearish to bullish in the process. The Final GDP report published recently met the expectation by remaining unchanged at 4.2% and Durable Goods Orders was also published with an increase to 4.5% from the previous value of -1.2% which was expected to be at 1.9%. Today USD Core PCE Price Index report is going to be published which is expected to decrease to 0.1% from the previous value of 0.2%, Personal Spending expected to decrease to 0.3% from the previous value of 0.4%, Personal Income is expected to increase to 0.4% from the previous value of 0.3% and Chicago PMI is expected to decrease to 62.3 from the previous figure of 63.6. Additionally, Revised UoM Consumer Sentiment is expected to slightly decrease to 100.5 from the previous figure of 100.8.

On the other hand, today CHF KOF Economic Barometer report is expected to slightly decrease to 100.1 from the previous figure of 100.3.

As of the current scenario, USD is quite strong fundamentally though certain indecision is still there in the market having mixed expectations for the upcoming economic reports. Any positive economic result on the USD side is expected to inject further bullish pressure in the pair which is more probable at the current market situation.

Now let us look at the technical view. The price is currently residing above 0.9700 area and dynamic level of 20 EMA with a daily close having Bullish Divergence supporting the upcoming gains in the process. As the price remains above 0.9700 area, the bullish bias is expected to continue further with target towards 0.9850 and later towards 0.9980 area in the coming days.

SUPPORT: 0.9700

RESISTANCE: 0.9850, 0.9980

BIAS: BULLISH

MOMENTUM: IMPULSIVE

This image is no longer relevant

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

AUD/USD. RBA Delivers Dovish Scenario, but It's Too Early to Rush into Selling

The Reserve Bank of Australia (RBA) followed the most expected scenario at its May meeting, cutting the interest rate by 25 basis points. However, AUD/USD sellers remain vulnerable

Irina Manzenko 11:44 2025-05-20 UTC+2

Financial Markets Still Gripped by Uncertainty (Potential Decline in #USDX and Gold Prices)

Despite the 90-day truce between Beijing and Washington, market conditions remain extremely tense. Investors are uncertain about what will happen after three months—whether Donald Trump will hike tariffs again

Pati Gani 09:42 2025-05-20 UTC+2

The Market Ignores Warning Signs

When a crowd identifies a leader, it relentlessly pushes forward, clearing everything in its way. Retail investors heeded Morgan Stanley's call to "buy the dip" and began snapping up U.S

Marek Petkovich 09:11 2025-05-20 UTC+2

GBP/USD Overview – May 20: The British Pound Keeps Basking in the Sunlight

The GBP/USD currency pair traded higher on Monday, and we can "thank" the Moody's rating agency for that. As noted in the EUR/USD review, the U.S. credit rating was downgraded

Paolo Greco 07:31 2025-05-20 UTC+2

EUR/USD Overview – May 20: Fearless Moody's and a New Blow to the Dollar

The EUR/USD currency pair found a reason to resume its decline on Monday. As mentioned before, the U.S. dollar's position looks very shaky. It had risen for over a month

Paolo Greco 07:31 2025-05-20 UTC+2

What to Pay Attention to on May 20? A Breakdown of Fundamental Events for Beginners

There are no macroeconomic events scheduled for Tuesday, so the macroeconomic background will have no influence on price movements today. However, reports and data releases have rarely impacted currency pairs

Paolo Greco 06:02 2025-05-20 UTC+2

The Fed Allows Only One Rate Cut in 2025

The Federal Reserve continues to remain silent this year. While the European Central Bank has already cut interest rates three times and the Bank of England twice, the FOMC

Chin Zhao 00:40 2025-05-20 UTC+2

AUD/USD. RBA May Meeting: Preview

The Reserve Bank of Australia (RBA) will conclude its meeting on Tuesday, May 20, which may result in a softening of monetary policy parameters. The "dovish" scenario is the most

Irina Manzenko 00:40 2025-05-20 UTC+2

The Dollar Has Sold America Out Completely

Overall, the strength of the EUR/USD uptrend remains intact. The erosion of confidence in the U.S. dollar outweighs the divergence in monetary policy between the Fed and the ECB. Technical

Marek Petkovich 00:40 2025-05-20 UTC+2

AUD/USD. Analysis and Forecast

Spot prices for the AUD/USD pair remain within the familiar range held over the past month, as traders await a fresh catalyst before committing to the next directional move

Irina Yanina 18:22 2025-05-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.