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22 Apr 2014
USD/CHF climbs off 200 SMA support
Having declined throughout the European session to find support at the 4hour 200 SMA, USD/CHF has climbed and is up 0.10% on the day at 0.8857, having previously posted a daily high at 0.8863 and a low at 0.8832.
USD/CHF Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. Hourly RSI sits at 64.84 in neutral territory, up from the previous close at 47.38, while ADX is at 27.14 and ranging, up from the previous close at 26.15. Daily RSI sits at 53.28, in neutral territory.
On the hourly USD/CHF chart, the 200 SMA is climbing and currently at 0.8838, up from the previous hour close at 0.8805. On average, the exponential closing price for the past 20 days is 0.8828, with the trend indicating a rangebound movement ahead.
2-Standard Deviation Volatility Bandwidth is at 166 pips and shrinking on a daily chart. The average movement for the current hour has been for 6 pips per hour, over the last four weeks. 9:00-10:00 GMT was the most volatile hour of the day, judging by the average hourly movement of 10 pips over the past four weeks.
USD/CHF Levels
Resistance can be found ahead of spot at 0.8859 [Last Price], 0.8863 (Daily High), 0.8864 (Daily Classic R1), 0.8864 (Weekly Classic R1), 0.8876 (Daily Classic R2) and 0.8890 (Weekly Classic R2). Next support to the downside can be found at 0.8854 (Yesterday's High), 0.8851 (Weekly High), 0.8850 (Daily Open), 0.8844 (Hourly 20 EMA) and 0.8841 (Daily Classic PP).
USD/CHF Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. Hourly RSI sits at 64.84 in neutral territory, up from the previous close at 47.38, while ADX is at 27.14 and ranging, up from the previous close at 26.15. Daily RSI sits at 53.28, in neutral territory.
On the hourly USD/CHF chart, the 200 SMA is climbing and currently at 0.8838, up from the previous hour close at 0.8805. On average, the exponential closing price for the past 20 days is 0.8828, with the trend indicating a rangebound movement ahead.
2-Standard Deviation Volatility Bandwidth is at 166 pips and shrinking on a daily chart. The average movement for the current hour has been for 6 pips per hour, over the last four weeks. 9:00-10:00 GMT was the most volatile hour of the day, judging by the average hourly movement of 10 pips over the past four weeks.
USD/CHF Levels
Resistance can be found ahead of spot at 0.8859 [Last Price], 0.8863 (Daily High), 0.8864 (Daily Classic R1), 0.8864 (Weekly Classic R1), 0.8876 (Daily Classic R2) and 0.8890 (Weekly Classic R2). Next support to the downside can be found at 0.8854 (Yesterday's High), 0.8851 (Weekly High), 0.8850 (Daily Open), 0.8844 (Hourly 20 EMA) and 0.8841 (Daily Classic PP).