empty
 
 
28.12.2018 06:55 AM
Fundamental analysis of USD/CHF for December 28, 2018

USD/CHF has been quite volatile and indecisive recently after the impulsive bearish pressure leading the price towards 0.9700 area with a daily close. USD having worse economic reports recently lead CHF to gain momentum in the volatile indecisive price action despite the recent rate hike decision and hawkish statement from the Fed.

After the Christmas holiday, USD has been quite weak with its approach leading to certain gains on the CHF side due to underperforming economic reports. Recently, the US CB Consumer Confidence report was published with a decrease to 128.1 from the previous figure of 136.4 which was expected to be at 133.7. Worse-than-expected economic reports added to more weakness for the currency. Today the US Pending Home Sales report is going to be published which is expected to increase to 0.9% from the previous value of -2.6% and the Natural Gas Storage is expected to increase to -50B from the previous figure of -141B.

On the other hand, CHF has been quite positive with the economic reports comparatively this week. Recently the Credit Suisse Economic Expectations report was published with a decrease to -22.2 from the previous figure of -42.3. Today, the KOF Economic indicator is going to be published which is expected to decrease to 98.7 from the previous figure of 99.1.

As of the current scenario, USD has been struggling with the recently published economic reports while CHF managed to sustain the positivity along with the gains in the process. Ahead of NFP next week, if USD underperforms in the process, further gains on the CHF side may be observed.

Now let us look at the technical view. The price has been quite volatile and indecisive recently between the range of 0.9850-0.9950. The price is currently pushing lower while being held by the dynamic level of 20 EMA which is expected to lead the price much lower towards 0.9550 support area in the future. A daily close below 0.9850 is expected to ensure further impulsive bearish momentum in the coming days.

SUPPORT: 0.9550, 0.9850

RESISTANCE: 0.9950, 1.0050

BIAS: BEARISH

MOMENTUM: VOLATILE

This image is no longer relevant

انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$1000 مزید!
    ہم اپریل قرعہ اندازی کرتے ہیں $1000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback