USD/CHF Weekly Analysis 02 March 2017

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CHARTING

The crucial points are:

1

The price of USD/CHF has attempted to break lower than 1.00500 level of support several times, but without any success. Moreover, the rising trendline formed by the higher lows, suggests that breaching this level will be met with resilience.

Charting outcome: Neutral – Marginally Bullish 

INDICATORS (computerized T.A)

The crucial points are:

2

3

The indicators are signaling that a weak uptrend has occurred. The moving averages have almost kept the same slopes, while the spread between the positive and the negative dynamic has tightened. The trend dynamic has fallen by -15.78%%, whilst the market’s volatility has marginally fallen by -2.89%. Finally, the oscillators have remained in overbought areas.

Indicators outcome: Marginally bullish – Neutral   

CONCLUSION

Indicators and charting are confirming that the market is possible to move in a positive path. However, there are arguments about the neutral path as well. If the price appreciates higher than 1.01690 level, the next resistance is possible to occur at 1.02700 level. On the contrary, if the price breaks lower than 1.00500 level, the next possible support is at 0.99600 level.

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