{{val.symbol}}
{{val.value}}

Trading signals and online forecasts USD/CHF

IndexaCo Signals Marketplace - trading signals with real-time results on the financial markets from professional traders

Blogs

Forex analysis and forecast for USD/CHF for today, March 11, 2024
USD/CHF, currency, Forex analysis and forecast for USD/CHF for today, March 11, 2024 During Monday's Asian session, USD/CHF develops an upward trend, correcting last week's drop and is currently testing the 0.8775 level, waiting for new drivers to continue moving.Updated data on US inflation for February will be published on Tuesday, and a report on the dynamics of production prices is expected on Thursday. Analysts' forecasts do not portend significant changes, so the market reaction may remain moderate. The consumer price index may rise from 0.3% to 0.4% on a monthly basis and remain at 3.1% on an annual basis, and excluding food and energy resources, the indicator may decrease from 3.9% to 3.7%.Investors are also discussing labor market statistics : USA. In February, the number of new jobs outside the agricultural sector increased from 229.0 thousand to 275.0 thousand, exceeding analysts' expectations of 200.0 thousand, although the data of the last two months were revised downward. The average hourly wage in February slowed from 4.4% to 4.3% year-on-year and from 0.5% to 0.1% month-on-month.In Switzerland, February data on the dynamics of the producer price index and data on the volume of imports will be published on Thursday. Both are expected to decrease in the indicator.USD/CHF Technical Analysis for todayOn the daily chart, the Bollinger bands indicator remains flat, the MACD indicator shows a decrease, which can be considered a weak sell signal. The Stochastic oscillator, turning up at the "20" level, indicates a possible development of upward dynamics.Purchases are rational when the pair is fixed above the 0.8782 mark. We set the take profit at 0.8820, and the protective stop at 0.8760.For sales, a drop in the quotation below 0.8760 is required. The nearest target for the bears is 0.8700. We will set the stop loss at ...
Read
Analytical Forex forecast for NZD/USD, USD/CHF, USD/JPY and gold on Monday, March 4
USD/CHF, currency, USD/JPY, currency, NZD/USD, currency, Gold, mineral, Analytical Forex forecast for NZD/USD, USD/CHF, USD/JPY and gold on Monday, March 4 NZD/USD: consumer confidence from ANZ exceeded analytical forecastsThe NZD/USD currency pair is showing a slight drop, retreating after Friday's rise, when it managed to move away from the minimum values on February 14, now testing the 0.6100 level for a possible further decline. Traders are being cautious, waiting for new incentives for market movement.The latest economic reports from New Zealand and Australia have attracted the attention of investors. The New Zealand trading Conditions report for the fourth quarter showed an unexpected drop of 7.8%, which is significantly worse than the previous indicator and analysts' forecasts. Data came from Australia on a decrease in inflation to 4.0% per annum in February, confirming the weakening of inflationary pressure.The market is also digesting the latest statistics, including an increase in the New Zealand consumer confidence index from ANZ to 94.5 points and a marked decrease in the number of building permits in the country. Despite some positive changes in services and the agricultural sector, the manufacturing sector continues to experience difficulties. Experts note the increased investment interest in most industries and assume an increase in business costs in the next three years.Resistance levels: 0.6100, 0.6130, 0.6158, 0.6200.Support levels: 0.6076, 0.6049, 0.6030, 0.6000.USD/CHF: movement within the uptrend 0.8890–0.8750Given the stable position of the US dollar and the absence of influential economic reports from Switzerland, the USD/CHF pair continues to move in a corrective trend, being at the level of 0.8833.The latest data from the Swiss Federal Statistical Office on retail sales for January showed a seasonally adjusted growth of 0.3% year-on-year and an increase of 0.7% compared to the previous month. The food and beverage sector is showing growth of 0.3%, while volumes in the non-food segment increased by 1.3%. Investors' attention was also attracted by the business activity index from procure.ch , which tracks the dynamics in the manufacturing sector and is a key indicator for assessing the country's economic climate. This index gained 44.0 points, which contributed to the strengthening of the Swiss franc.Resistance levels: 0.8870, 0.8980.Support levels: 0.8780, 0.8690.USD/JPY: investors' expectations regarding the correction of the monetary policy of the Central Bank of Japan in AprilThe USD/JPY currency pair showed moderate growth, continuing to follow the upward trend set at the end of last week. The currency pair is checking the 150.25 level for the possibility of an upward breakout, while market participants are carefully analyzing the latest economic reports from the United States and Japan. The results from the United States disappointed, showing a decrease in the ISM manufacturing activity index to 47.8 points from the previous 49.1, which was below analysts' expectations. At the same time, data from S&P Global indicated an increase in the index to 52.2 points, exceeding forecasts.Japan presented mixed economic indicators, among which it is worth highlighting the stability of the Jibun Bank manufacturing activity index and the improvement in the consumer confidence index to 39.1 points. There was also a slight decrease in the unemployment rate and the maintenance of a high ratio of vacancies to the number of applicants. The new head of the Bank of Japan, Kazuo Ueda, called for caution in assessing the achievement of the inflation target and stressed the importance of upcoming wage data and negotiations with trade unions for future interest rate decisions. Given that inflation in Japan has been above 2% for more than a year, the market expects the Central Bank to end its policy of ultra-soft conditions by April, possibly raising rates from the current level of -0.10%.Resistance levels: 150.50, 151.00, 151.50, 152.00.Support levels: 150.00, 149.50, 148.89, 148.00.Gold price analysisThe XAU/USD pair is seeing a slight decline, stabilizing near the 2080.00 indicator and retreating from the recently reached peak values for December 4. A significant jump in value was noted last Friday, triggered by the release of US economic reports and an increase in interest in buying physical gold from global central banks.Analysts also highlighted a decrease in consumer confidence in February, which reinforced speculation about the possible introduction of measures to reduce the cost of borrowing by the Federal Reserve in the near future. The consumer confidence index measured by the University of Michigan fell from 79.6 to 76.9 points, which was below analysts' expectations. In parallel, the index of activity in the manufacturing sector, provided by the Institute for Supply Management (ISM), showed a drop from 49.1 to 47.8 points, against the projected 49.5 points. Data on construction spending in January also indicated a 0.2% decrease after a significant 1.1% increase a month earlier, contrary to expectations of a 0.2% increase.On Tuesday, markets will expect the publication of a report on business activity in the service sector from ISM, and on Wednesday, March 6, attention will switch to private sector employment data from ADP, as well as the monthly economic survey of the US Federal Reserve, known as the "Beige Book".Resistance levels: 2088.27, 2100.00, 2120.00, 2134.09.Support levels: 2065.00, 2050.00, 2039.21, ...
Read
Analytical Forex forecast for GBP/USD, USD/CAD, USD/CHF and crude oil for Thursday, February 29
GBP/USD, currency, USD/CAD, currency, USD/CHF, currency, Brent Crude Oil, commodities, WTI Crude Oil, commodities, Analytical Forex forecast for GBP/USD, USD/CAD, USD/CHF and crude oil for Thursday, February 29 GBP/USD: signs of a slowdown in the American economyWith the strengthening of the US dollar, the GBP/USD pair is experiencing a correction, settling at 1.2666.The latest data on spending by British households showed that their index increased by 5.0% year-on-year in the fourth quarter, which is less than the previous growth of 8.3%. Spending in high—income families increased by 5.6%, while in lower-income families it increased by 4.5%. High inflation among households is also noticeable — 6.3%, caused by significant mortgage interest. It is expected that the number of approved mortgage loans will rise from 50.46 thousand to 52 thousand, and their amount will increase from -0.83 billion pounds to 0.20 billion pounds.The US dollar is holding at 103.60 on the USDX index, despite the decline in US GDP in the fourth quarter from an initial 4.9% to 3.2%, which was lower than analysts' expectations of 3.3%. The GDP deflator decreased from 3.3% to 1.7%, and the contribution of sales to GDP decreased from 3.6% to 3.5%. The price index for personal consumption was at the level of 1.8% instead of the preliminary 2.6%.Resistance levels: 1.2700, 1.2830.Support levels: 1.2630, 1.2510.USD/CAD: stabilization of the currency pair before the release of US inflation dataThe USD/CAD currency pair is near the 1.3570 level, demonstrating a contradictory movement after yesterday's significant rise, when the US dollar reached new highs on December 13.The US dollar was again helped by expectations of an extension of the aggressive monetary policy of the Federal Reserve System against the background of recent economic reports. The personal consumption price index for the last quarter of 2023 was adjusted from 1.7% to 1.8%, and the basic expenditure index was adjusted from 2.0% to 2.1%. Analysts also note an adjustment in US GDP data for the same period, with economic growth of 3.2% per annum, rather than 3.3%, as previously expected.Canada, in turn, will present information on the dynamics of its GDP today. The country's economy is expected to show growth of 0.8% year-on-year in the last quarter of 2023, after a decrease of 1.1% in the previous quarter, while stability is projected at 0.2% for December.Resistance levels: 1.3600, 1.3650, 1.3700, 1.3750.Support levels: 1.3550, 1.3500, 1.3450, 1.3400.USD/CHF: currency pair shows stable movement without sudden changesThe USD/CHF currency pair shows a neutral movement, stabilizing around 0.8785. Trading activity is moderate against the background of the upcoming announcement of economic data from the United States and the European Union, in particular inflation reports.In Germany, the annual growth of the consumer price index is expected to slow down in February to 2.6% from the previous 2.9%, while the monthly figure may increase from 0.2% to 0.5%. The harmonized index according to EU standards is expected to decrease year-on-year from 3.1% to 2.7%, and in a month it will grow to 0.6% after a decrease of -0.2% a month earlier. The publication of final inflation data in the European region is expected tomorrow, where the base index is expected to decline from 3.3% to 2.9%.Switzerland will present a report on the KOF index of leading economic indicators during the day, which is expected to increase from 101.5 to 102.0 points. GDP statistics for the last quarter of 2023 are also on the agenda: economic growth is projected to slow down to 0.1% on a quarterly basis, but accelerate from 0.3% to 0.7% on an annual basis.Resistance levels: 0.8800, 0.8820, 0.8850, 0.8885.Support levels: 0.8782, 0.8760, 0.8730, 0.8700.Crude Oil market analysisDuring Asian trading, WTI Crude Oil prices are exploring the 78.20 mark, trying to break it up with moderate market activity.The asset is supported by expectations of continued production restrictions from OPEC+ in the second quarter. Some experts also suggest strengthening current measures by the end of the year to maintain prices near the 80.00 level.However, on the other hand, price growth is hampered by fresh data from the Energy Information Administration of the U.S. Department of Energy (EIA), which showed an increase in oil reserves for the week ended February 23, from 3.514 million barrels to 4.199 million barrels, which significantly exceeds the initial forecasts of 2.743 million barrels.Resistance levels: 78.00, 79.07, 80.00, 81.00.Support levels: 77.00, 76.00, 75.00, ...
Read
Forex analysis and forecast for USD/CHF for today, February 29, 2024
USD/CHF, currency, Forex analysis and forecast for USD/CHF for today, February 29, 2024 USD/CHF stabilized near the 0.8785 mark. Market activity remains low ahead of the publication of macroeconomic data from the United States and the European Union.In particular, in Germany, the annual growth rate of the consumer price index is expected to slow down in February from 2.9% to 2.6%, while on a monthly basis it is projected to increase from 0.2% to 0.5%. The harmonized index, which meets EU standards, may decrease from 3.1% to 2.7% in annual terms, and show 0.6% on a monthly basis, after -0.2% in the previous month. The final data on inflation in the Eurozone will be published tomorrow, with the forecast of a decrease in the base rate from 3.3% to 2.9%.Data on the basic price index of personal consumption expenditures in the United States will also be presented today. In January, the indicator is expected to decrease from 2.9% to 2.8% year-on-year and increase from 0.2% to 0.4% month-on-month.In Switzerland, data on the index of leading indicators from the Swiss Economic Institute (KOF) is expected. It is predicted that in February the indicator will increase from 101.5 points to 102.0 points. Statistical data on gross domestic product (GDP) for the fourth quarter of 2023 will also be evaluated. Analysts predict an economic slowdown of 0.1% in quarterly terms (from 0.3%) and an acceleration to 0.7% in annual terms (from 0.3%).USD/CHF Technical Analysis for todayOn the daily chart, the Bollinger Band indicator has turned into a horizontal plane. The MACD indicator is declining, holding a weak sell signal. Stochastic retains a downward orientation and is located approximately in the center of the working area.We start selling after a confident breakdown of the support price of 0.8782. The target mark is 0.8730. Placing a stop loss at 0.8820.The transition to long positions is possible when the pair recovers above 0.8820. In this case, the target of buyers is 0.8885. We will set the stop loss at ...
Read
Message sent successfully.
We will contact you soon!