Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
27 May 2020

USD/CHF Price Analysis: Bullish Doji on H4 favors recovery above 0.9650

  • USD/CHF recovers from 0.9652 following a bullish candlestick formation.
  • 200-bar EMA, 61.8% Fibonacci retracement can check the pullback moves.
  • Sustained break of 23.6% Fibonacci retracement will negate upside momentum.

USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday.

Considering the bullish Doji formation on the four-hour (H4) chart, odds of further upside towards a 200-bar EMA level of 0.9700 are high.

Should buyers manage to keep the reins past-0.9700, 61.8% Fibonacci retracement of April 24 to May 01 fall, around 0.9720, followed by a three-week-old falling trend line, near 0.9740, could question the bulls.

Alternatively, the pair’s declines below 0.9640, comprising 23.6% of Fibonacci retracement, could recall the bears targeting the monthly low near 0.9590.

USD/CHF four-hour chart

Trend: Further recovery expected

 

May 27, 2020

France Consumer Confidence came in at 93, above forecasts (92) in May

France Consumer Confidence came in at 93, above forecasts (92) in May
Read more Previous
May 27, 2020

France Business Climate below forecasts (85) in May: Actual (70)

France Business Climate below forecasts (85) in May: Actual (70)
Read more Next