x
Visit our new Mobile Website next time you access NetDania with your mobile device
Netdania News
FxWirePro: USD/CHF declining after hitting high of 0.99750 on escalating trade war, good to buy on dips

Source FxWire Pro - Technicals Friday, 10 Aug, 2018 08:52:38 GMT
Back

USD/CHF has once again recovered sharply after hitting low of 0.9895. It hits high of 0.99750 and started to decline from that level.  US dollar index was trading higher and has broken major resistance at 95.65 and hits 96.17.US Producer price index (PPI) came flat with no change for the first time in seven months and US weekly jobless claims came at 213,000 vs forecast of 222,000. Markets eye US CPI data which is to be released at 12:30 GMT. Short term trend is weak as long as resistance 1.000 holds. The escalating trade war between US and China supports Swiss franc. Markets eye US PPI and CPI data for further direction. The policy divergence will prevent the downside of USD/CHF.

The near term resistance is around 0.99780 and any break above will take the pair to next level till 1.000/1.00680. Any bullish continuation only above 1.00680.

On the lower side, minor support is around 0.9920 and any violation below will drag the pair down till 0.9900/0.9860/0.9835 (100- day MA)/0.9780 (Jun 7th 2018 low)/0.9755.

It is good to buy on dips around 0.9915-20 with SL around 0.9870 for the TP of 1.000/1.00680.

Source: FxWire Pro - Technicals
© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.
Find a Top Broker
Global
Forex
25612.40
31.1
0.12%
2842.42
1.9
0.07%
7377.35
9.5
0.13%
6428.10
194
3.11%
12235.45
9.24
0.08%
22252.50
-40
-0.18%
2668.97
-36.22
-1.34%
7563.70
18.05
0.24%
27187.00
93
0.34%
6347.47
27.75
0.44%
11475.70
90.65
0.80%
1177.62
2.24
0.19%
71.80
0.46
0.64%
1.13981
0.0026
0.23%
110.708
-0.304
-0.27%
1.27139
0.0002
0.01%
0.72787
0.002
0.28%
1.31390
-0.0021
-0.16%
126.19100
-0.049
-0.04%
0.89648
0.002
0.22%
140.75300
-0.37
-0.26%
0.99624
-0.0011
-0.11%
1.13560
0.0015
0.13%
0.66060
0.0022
0.34%
96.37900
-0.266
-0.28%
Top Gainers
Name
Last
+/-
%
1.83
0.57
45.24%
0.50
0.15
42.86%
0.31
0.08
33.52%
0.58
0.13
28.89%
1.07
0.19
21.59%
14.09
2.47
21.26%
14.17
2.38
20.14%
2.63
0.43
19.54%
0.19
0.03
19.47%
1.10
0.18
19.31%
Top Losers
Name
Last
+/-
%
1.03
-0.94
-47.72%
0.03
-0.02
-37.50%
0.26
-0.13
-33.08%
0.44
-0.16
-26.67%
0.08
-0.02
-19.90%
1.39
-0.33
-19.28%
19.52
-4.28
-17.98%
2.82
-0.58
-16.91%
0.42
-0.08
-15.51%
0.36
-0.06
-15.48%
NetDania does not guarantee the accuracy of data contained on this website, nor do we guarantee that data is real-time. Data on this website may be provided from OTC market sources and market makers, and not necessarily from exchanges. The provided price data is indicative and may not be appropriate for trading or decision making purposes. NetDania does not assume any responsibility for any losses incurred from the use of the provided data.
NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration. Any user of NetDania software must be an existing client of one of our supported brokers. NetDania showcases NetDania technology for the purpose of demonstrating it towards brokers and other institutions looking to white label the technology on a software subscription contract. No financial services are offered, promoted or recommended. NetDania is compensated as a technology provider by its institutional clients including its integrated brokers. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation affecting it.

Persons or entities including approved brokers not belonging to the NetDania Group may advertise on the NetDania and its Group’s websites, through links, banners or otherwise. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. If a user of the NetDania Group’s websites decides to act upon any such advertising, such user does so entirely at its own risk.

NetDania’s website may be accessed worldwide. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the offerings services referred to on this website are available to recipients residing in countries where the provision of such offerings would constitute a violation of mandatory applicable legislation or regulations. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation.

HIGH RISK INVESTMENT WARNING:
End-users of the NetDania software that make use of the trading integration features as direct clients of integrated brokers, should be aware of the level of risk carried by trading in financial markets. Trading foreign exchange and or other financial instruments on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or more of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from your broker and or an independent financial advisor if you have any doubts. Anyone opening a live trading account needs to adhere to the laws of their local country as such laws may differ from country to country.
NetDania expressly disclaims any liability for any lost principal or profits which without limitation may arise directly or indirectly from the use of or reliance on information on our website or the use of our software with broker integration.
Copyright © 1998 -2018 NetDania Creations ApS, Kronprinsessegade 36, 1st floor DK-1306 Copenhagen K, Denmark, +4536980409, Contact NetDania by email, CVR-nr.27976670 Terms And Conditions and Privacy Policy