Technical Analysis for USD/CHF: March 18
Posted: Thu Mar 17, 2016 10:38 pm
The Fed's decision to keep the monetary policy unchanged cause the dollar to descend aggressively in opposition to the Swiss franc. As we have anticipated, the regulator was certain to left the policy unchanged as the National Bank of Switzerland hold its meeting on Thursday.
The first support occurs at 0.9660 and at 0.9580 subsequently. The first resistance resides at 0.9750 and at 0.9850 subsequently.
A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen forms a descending movement and the Kijun-sen displays a horizontal movement. The downward movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is declining.
The first support occurs at 0.9660 and at 0.9580 subsequently. The first resistance resides at 0.9750 and at 0.9850 subsequently.
A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen forms a descending movement and the Kijun-sen displays a horizontal movement. The downward movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is declining.