Daily Trading Signals by Exness - USD/CHF

[Exness Support]

30.07.2014 10:10 USDCHF
USDCHF: growth against the probable reduction of the QE3 program in the US by 10 billion dollars

Buy on a level breakthrough of 0.9081 with 0.9156 target. Stop loss = 0.9030.

Reason for the trading strategy.

The UBS consumption indicator in Switzerland increased in June from 1.80 p. to 2.06 p. The data reflects the probable increase in consumer spending of Swiss households, which may support the franc. Nevertheless, the expected reduction today of the QE3 asset purchases program in the US by 10 billion dollars will provide a distinct advantage to the dollar.

USDCHF, Daily

 

[Exness Support]

31.07.2014 7:07 USDCHF
Report on the number of jobs in the private sector of the US from ADP did not prevent growth of the USDCHF pair

Buy on rebound from 0.9079 level with 0.9154 target. Stop loss = 0.9030.

Reason for the trading strategy.

The number of jobs in the US private sector from ADP increased in July to 218,000, with a forecast of 234,000, and a previous value of 281,000. However, over 3 months, the average value of the index was above 218,000, totaling 226,000. We assume that the positive expectations for the July jobs report outside the US agricultural sector will support demand for the dollar.

USDCHF, H4

 

[Exness Support]

25.08.2014 9:09 USDCHF
USDCHF: consolidation higher than 0.9145 support level

Buy on rebound from 0.9145 level with 0.9200 target. Stop loss = 0.9100.

Reason for the trading strategy.

Today, support for the world's reserve currency could provide statistics on the sales of new homes in the United States. In July, this figure is expected to increase from 406,000 to 426,000. If the USDCHF pair morning gap closes at a level of 0.9145, opening a long position should be considered.

USDCHF, H4

 

[Exness Support]

26.08.2014 10:10 USDCHF
The USDCHF pair is consolidating in the 0.9107-0.9178 range

Buy on rebound from a 0.9107 level with a 0.9178 target. Stop loss = 0.9050.

Reason for the trading strategy.

Tonight, a variety of macroeconomic statistics for the United States is expected to be published. Indicators such as orders for durable goods, housing price index, and the consumer confidence index in the United States compiled by the Conference Board, are capable of bringing additional volatility to the FOREX market. With regard to the USD/CHF pair, the opening of new long positions should be considered near the support level 0.9107.

USDCHF, H4

 

[Exness Support]

27.08.2014 8:08 USDCHF
USDCHF pair is testing the resistance level of 0.9180

Buy on a level breakthrough of 0.9180 with 0.9250 target. Stop loss = 0.9130

Reason for the trading strategy.

The weakening of the euro against the US dollar has led to a corresponding increase in the USDCHF pair. While the Swiss National Bank will continue to hold the lower level of 1.2000 in the EUR/CHF pair, the negative correlation between the EUR/USD and USD/CHF pairs will not change.

USDCHF, H4

 

[Exness Support]

28.08.2014 11:11 USDCHF
USDCHF: under pressure before the publication of Canada's payment balance statistics

Sell on rebound from 1.0858 level with 1.0795 target. Stop loss = 1.0910.

Reason for the trading strategy.

Today, at 12:30 GMT, statistics on Canada's payment balance for the Q2 of 2014 will be published. In the reporting period, a growth rate from -12.4 billion to -11.6 billion is expected, which could bolster the Canadian dollar.

USDCHF, H4

 

[Exness Support]

02.09.2014 9:09 USDCHF
USDCHF: growth after the publication of the Swiss GDP for the Q2 of 2014

Buy on rebound from a 0.9185 level with a 0.9250 target. Stop loss = 0.9135.

Reason for the trading strategy.

The Swiss GDP in Q2 of 2014 increased by 0.6% (y/y), exceeding the consensus forecast of +1.8% (y/y). We believe the reduction in aggregate demand in the national economy will put pressure on the exchange rate of the Swiss currency.

USDCHF, H4

 

[Exness Support]

03.09.2014 9:09 USDCHF
The USDCHF pair may test the resistance level of 0.9250 in the short term

Buy on rebound from 0.9185 level with 0.9250 target. Stop loss = 0.9135.

Reason for the trading strategy.

Against the background of weak GDP growth rates in Switzerland in Q2 2014, demand for the Swiss currency has diminished. The slow down of this country's GDP is associated with the fall of Swiss exports due to the extremely high rate of the franc against the euro.
We do not exclude that on Sept. 18 after the ECB, the Swiss central bank will introduce negative interest rates on deposits, which will allow it to defend the lower limit of 1.2 in the EUR/CHF pair.

USDCHF, H4

 

[Exness Support]

03.09.2014 9:09 USDCHF
The USDCHF pair may test the resistance level of 0.9250 in the short term

Buy on rebound from 0.9185 level with 0.9250 target. Stop loss = 0.9135.

Reason for the trading strategy.

Against the background of weak GDP growth rates in Switzerland in Q2 2014, demand for the Swiss currency has diminished. The slow down of this country's GDP is associated with the fall of Swiss exports due to the extremely high rate of the franc against the euro.
We do not exclude that on Sept. 18 after the ECB, the Swiss central bank will introduce negative interest rates on deposits, which will allow it to defend the lower limit of 1.2 in the EUR/CHF pair.

USDCHF, H4

 

[Exness Support]

18.09.2014 9:09 USDCHF
USDCHF: consolidation before the publication of the key interest rate in Switzerland

Buy on rebound from 0.9393 level with 0.9452 target. Stop loss = 0.9340.

Reason for the trading strategy.

Today, the Swiss National Bank will announce its decision on the benchmark interest rate. The exchange rate is expected to be maintained at 0.25%. Meanwhile, against the background of EU's deflation processes, the national regulator may impose other measures of monetary stimulus for the Swiss economy.


USDCHF, H4

 

[Exness Support]

27.10.2014 9:09 USDCHF
USDCHF: under pressure against the background of growing demand for European assets

Sell on a level breakthrough of 0.9473 with 0.9405 target. Stop loss = 0.9520.

Reason for the trading strategy

The growth of the EURUSD pair on the FOREX market today is putting pressure on the USDCHF pair. Meanwhile, despite the controversial US macroeconomic statistics, the intention of the US Federal Reserve to curtail the QE3 asset purchases program on October 29, will probably help the world's reserve currency consolidate in the medium term.

USDCHF, H4

 

[Exness Support]

27.10.2014 9:09 USDCHF
USDCHF: under pressure against the background of growing demand for European assets

Sell on a level breakthrough of 0.9473 with 0.9405 target. Stop loss = 0.9520.

Reason for the trading strategy

The growth of the EURUSD pair on the FOREX market today is putting pressure on the USDCHF pair. Meanwhile, despite the controversial US macroeconomic statistics, the intention of the US Federal Reserve to curtail the QE3 asset purchases program on October 29, will probably help the world's reserve currency consolidate in the medium term.

USDCHF, H4

 

[Exness Support]

28.10.2014 9:09 USDCHF
USDCHF: under pressure against the background of a lower business activity index in the US services sector

Sell on a level breakthrough of 0.9473 with 0.9405 target. Stop loss = 0.9520.

Reason for the trading strategy

In October, the PMI in the US services sector fell from 58.9 p. to 57.3 p. Given that transactions in the services sector form a significant part of the US GDP, we expect a fall in the value of the world's reserve currency.

USDCHF, H4

 

[Exness Support]

26.11.2014 10:10 EURUSD
EURUSD: Consolidation below the 1.2486 resistance level

Buy on a level breakthrough of 1.2486 with 1.2577 target. Stop loss = 1.2430.

Reason for the trading strategy

In October, Germany's import prices fell by 0.3% (m/m). Despite the declining inflationary pressures in the euro zone's largest economy, the EURUSD pair is strengthening due to a certain weakness in the US dollar. The euro's decline will probably resume after it tests the 1.2577 level.

EURUSD, H4

 

[Exness Support]

04.12.2014 8:08 USDCHF
USDCHF: intensified growth after a break through of the 0.9740 resistance level

Buy on rebound from 0.9740 level with 0.9844 target. Stop loss = 0.9690.

Reason for the trading strategy

The weakness of the single European currency on the FOREX market pulls the EU currencies to the bottom. The Swiss central bank has made great efforts to keep the EURCHF pair at the lower limit of 1.2000. In case the USDCHF pair adjusts to the 0.9740 level, opening new long positions in the US dollar should be considered.

USDCHF, H4

 

[Exness Support]

USDCHF
Dec. 19, 2014, 07:15

Buy on a level breakthrough of 0.9850 with 0.9976 target. Stop loss = 0.9800.

Reason for the trading strategy

Yesterday, the Swiss Central Bank introduced a minus 0.25% per annum rate on on-demand deposits. The Swiss National Bank has expanded the target range for the 3-month LIBOR rate from 0-0.25% per annum to minus 0.75% -0.25%. The national regulator expects a reduction in the demand for Swiss securities and a weakening of the national currency. This measure will probably allow the Central Bank to keep the EURCHF pair at the 1.2000 level and intensify the growth of Swiss exports.

USDCHF, Daily

 

[Exness Support]

USDCHF
Jan. 29, 2015, 10:04
Buy on level breakthrough of 0.9170 with 0.9250 and 0.9358 targets. Stop loss = 0.9120.

Reason for the trading strategy

Recently, the USD/CHF pair has ceased to mirror the trajectory of motion of the EUR/USD pair. Today, the publication of the number of initial unemployment benefit claims in the United States may provide support for the dollar. The expected decline form 307 thousand to 301 thousand will probably let the USD/CHF pair consolidate above the resistance level of 0.9170.

USDCHF, H4

 

[Exness Support]

USDCHF: growth after the speech given by the head of the SNB

USDCHF
Feb. 18, 2015, 08:44
Buy on a level breakthrough of 0.9375 with 0.9450 target. Stop loss = 0.9325.
Reason for the trading strategy
According to Thomas Jordan, the SNB is ready to contain the strengthening of the franc. He believes that negative interest rates will continue to put pressure on the franc. Opening long positions in the USD/CHF pair should be considered at a breakthrough of the 0.9375 resistance level.

 

[Exness Support]

There are risks of the USDCHF pair declining to the 0.911 level

USDCHF
May 12, 2015, 11:14
Sell on a level breakthrough of 0.9281 with 0.9110 target. Stop loss = 0.9340.

Reason for the trading strategy

The currencies of the EU countries are sensitive to the economic news concerning Greece. The country's theoretical exit from the EU and the euro zone will lead to a sale of the majority of the EU bonds. The European capital may rush into the protective Swiss 10-year bonds, the yields of which entered the positive zone in May again. Against the background of a possible increase in demand for the franc in the EUR/CHF pair, the USD/CHF pair risks testing the 0.9110 level again.



USDCHF, H4

 

[Exness Support]

USDCHF: consolidation before the publication of retail sales statistics in the USA

USDCHF
May 13, 2015, 10:39
Sell on a level breakthrough of 0.9210 with 0.9110 target. Stop loss = 0.9260.

Reason for the trading strategy

Today at 12.30 GMT, statistics on retail sales in the US will be published. The 0.3% (m/m) growth in this index, expected in April, may support the US dollar. Meanwhile, the weakening of the US dollar paired with the euro puts pressure on the USD/CHF pair.



USDCHF, H4