Back to the Forex Alerts day's list
Aler - 09:55 (CET) - UsdChf
|
The UsdChf is trading at 1.1660, ranging from 1.1584 to 1.1715. The current price is under yesterday's close at 1.1674. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The resistances are at 1.1775 (October 24th, 2007 high), 1.1860 (October 15th, 2007 high) and 1.2133 (August 18th, 2007 high). The traders are also keeping an eye on the supports at 1.1490 (October 21st low), 1.1282 (October 16th low) and 1.1129 (October 10th low).
The behaviour of the pair is inversely propotional to the EurUsd one, as the ECB and SNB monetary policies are very similar. This is another way of explaining the behaviour of the UsdChf. Right now, the Euro is advancing against the Dollar, which explains why the Swiss currency is also advancing.
This month, the greenback has advanced 4.13% against the Swiss currency. Given the global uncertainties, the investors are making a new flight to safety.
Checking the graphics again, we see that the current price is over the 0.00% (0.9646) and under the 23.60% (1.4282) Fibonacci retracement line. The average volatility per hour is 200 pips. The 60-minute Relative Strenght Index (RSI) is at 53 points, after being near the oversold area.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|