USD/CHF | US Dollar to Swiss FrancTrading Analysis
The media of different countries cite the opinions of experts and politicians that the financial crisis due to COVID-19 may be worse than the crisis of 2008. The ECB recommended Eurozone banks to refrain from paying dividends for 2019 and 2020 until at least October 1, and to refrain from buying back their own shares.
USD/CHF, 30 min
Pivot: 0.9730
Analysis:
Provided that the currency pair is traded below 0.9745, follow the recommendations below:
Time frame: 30 min
Recommendation: short position
Entry point: 0.9670
Take Profit 1: 0.9720
Take Profit 2: 0.9710
Alternative scenario:
In case of breakout of the level 0.9745, follow the recommendations below:
Time frame: 30 min
Recommendation: long position
Entry point: 0.9745
Take Profit 1: 0.9755
Take Profit 2: 0.9770
Comment:
RSI shows the possibility of a downtrend momentum.
Key levels:
Resistance
Support
0.9770
0.9720
0.9755
0.9710
0.9745
0.9700
USD/CHF, D1
Pivot: 0.9685
Analysis:
While the price is above 0.9590, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 0.9685
Take Profit 1: 0.9795
Take Profit 2: 0.9900
Alternative scenario:
If the level 0.9590 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 0.9590
Take Profit 1: 0.9500
Take Profit 2: 0.9375
Comment:
RSI shows an upward trend in the medium term
Key levels:
Resistance
Support
1.0000
0.9590
0.9900
0.9500
0.9795
0.9375
We also advise you to pay attention to the following currency pairs for intra-day trading:
EUR/USD – sell below 1.0990 with 1.0725 and 1.0630 as Take Profit targets. Alternative scenario - if the level of 1.0990 is broken-out, you should consider buying with the targets 1.1145 and 1.1235 as Take Profit. GBP/USD - long positions above 1.2185 with 1.2240 and 1.2265 targets as Take Profit. Alternative scenario - if the level of 1.2185 is broken-down, sell with the targets 1.2165 and 1.2140 as Take Profit. EUR/GBP - buy above 0.8824 with 0.8885 and 0.8902 targets as Take Profit. Alternative scenario - if the level 0.8824 is broken-down, sell with the TP 0.8795 and 0.8778.
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