USDCHF Weekly Forecast Sept 29 2014

Outlook in USDCHF remains on the upside as long as support 0.9300/0.9432  holds on a weekly closing basis , next resistance comes at the 0.9535 levels . a break will turn focus on the 0.9607 levels , further upside will aim the 0.9750 /0.9833 levels ..

On the downside , support comes at the 0.9432 levels ahead of the 0.9300  levels , below 0.9300  will bring corrective pullback towards the 0.9150 levels before the next rise…

In all , as long as support 0.9300/0.9432  holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the 0.9535/0.9600 levels ahead of the 0.9750  levels , below the 0.9300/0.9432 levels will bring pullback towards the 0.9150  levels before the next rise.

Support and Resistance :0.9150 , 0.9250 , 0.9300 , 0.9352 , 0.9432 , 0.9535 , 0.9607 , 0.9750 , 0.9833

 

 

USDCHF Weekly Forecast Sept 29 2014

 

 Live chart of USDCHF 



Key data which may influence  USDCHF  this week : 

  • US Pending Home Sales (MoM) , Monday at 14:00. A higher than expected (-0.1% ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • CHF KOF Leading Indicators , Tuesday at 07:00 . A higher than expected (99.0)  reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
  • US CB Consumer Confidence , Tuesday at 14:00. A higher than expected (92.5 ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • CHF SVME PMI, Wednesday at 07:30 . A higher than expected (52.0)  reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
  • US ADP Nonfarm Employment Change , Wednesday at 12:15 . A higher than expected (210 K ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • US ISM Manufacturing PMI , Wednesday at 14:00 GMT . A higher than expected (58.5 ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • US Initial Jobless Claims , Thursday at 12:30. A higher than expected (298 K) reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
  • US Nonfarm Payrolls , Friday at 12:30 . A higher than expected (215 K ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • US Unemployment Rate , Friday at 12:30 . A higher than expected (6.1% ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • US ISM Non-Manufacturing PMI , Friday at 14:00 . A higher than expected (58.5 ) reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

* All times are GMT.

Note : Any negative data above the 0.9432 levels is seen as an opportunity to buy the pair on dips ..positive data  will advance the pair further higher…

MARKET DATA

UPCOMING ECONOMIC EVENTS

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