Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

USD/CHF: approaching the bottom?

USD/CHF: approaching the bottom?

Information is not investment advice

Mid-term

As you can see on the H4 chart of USD/CHF, the price has been consistently going down since at least the beginning of April. Currently, it trades above 0.8950 having bounced off this support. What's the likely next move? That's the case when we have to look for the answer in a larger timeframe. 

USDCHFH4.png

Long term

The strategic view shows that the currency pair is at seven-year lows now. 0.8950 is only slightly higher than the range 0.87-0.88 - the true bottom the pair may be dropping to. Therefore, expect the possibility of further downswing until it enters this support range. However, once it goes below 0.88, watch for the upside reversal chart patterns as it is likely to rise and float towards 1.00 again - as it's been doing during the last seven years. 

USDCHFMonthly.png

                                                                                        LOG IN

Similar

Popular

It’s Time to Look at New Zealand

Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later