Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

USD/CHF has been quite impressive with the recent bullish momentum which lead the price to reside above 0.9850 area with a daily close. The price dipped a bit lower this week due to worsethan-expected economic reports recently in the US which dented the overall gains of USD against CHF.

After the recent rate hike from 2.00% to 2.25%, USD gained impulsive momentum over CHF. However, USD lost steam after downbeat NFP readings. Today US CPI report was published with a decrease to 0.1% which was expected to be unchanged at 0.2% and Core CPI was unchanged at 0.1% which was expected to increase to 0.2%. Additionally, Unemployment Claims also increased to 214k which was expected to be unchanged at 207k.

On the CHF side, this week Unemployment Rate report was published with a decrease to 2.5% as expected from the previous value of 2.6%. The positive employment report pushed CHF lower as a retracement which may lead to certain short-term gains.

Meanwhile, ahead of Switzerland's PPI and Trade Balance reports to be published next week, any worse data from the US could empower CHF to sustain its momentum. Otherwise, any better than expected data from the US in the coming days may lead to continuation of the bullish trend.

Now let us look at the technical view. The price has pushed a bit lower after certain corrections and volatility above 0.9850 area. The price is residing above the dynamic level of 20 EMA and the event area of 0.9850 that indicates further bullish momentum for the future. However, a daily close below 0.9850 may lead the price to proceed lower towards 0.9700 area in the future. As the price resides above 0.9850 area, the bullish bias is expected to continue with a target towards 1.00 area.

SUPPORT: 0.9700, 0.9850

RESISTANCE: 0.9980-1.00



Exchange Rates 11.10.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.