USDCHF Weekly Forex Forecast – 10th to 14th April 2017
Technical Outlook: USDCHF has maintained gains despite the risk aversion sentiment last week. Price has breached the outer median line closing at 1.0084 on Friday. However, the Stochastics is currently in the oversold levels and could signal a near term pull back in prices. Therefore, it is ideal to look for a dip in USDCHF, potentially to 0.9894 support level following which we can expect an upside move in prices to 1.0172 resistance level.
Fundamental Outlook: Data from Switzerland this week is relegated to just the producer price index data next week. Economists are expecting to see a 0.1% increase in the factory gate prices, compared to a 0.2% decline seen the month before. The factory gate prices are expected to increase, consistent with a pick up in consumer prices, which showed a 0.2% increase on a month over month basis recently. Focus will of course turn to the U.S. data where the Fed chair, Janet Yellen is expected to speak next week on Monday.
Previous USDCHF Weekly Forex Forecast
USDCHF Weekly Forex Forecast – 10th to 14th April 2017
The post USDCHF Weekly Forex Forecast – 10th to 14th April 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
No comments:
Post a Comment