{"id":113334,"date":"2017-09-22T09:38:49","date_gmt":"2017-09-22T13:38:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=113334"},"modified":"2017-09-22T05:39:43","modified_gmt":"2017-09-22T09:39:43","slug":"usdchf-forex-technical-analysis-slower-growth-outlook-bearish-for-swiss-franc","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/usdchf-forex-technical-analysis-slower-growth-outlook-bearish-for-swiss-franc\/","title":{"rendered":"USDCHF: Forex Technical Analysis &#8211; Slower growth outlook bearish for Swiss franc"},"content":{"rendered":"<div id=\"inves-4094576141\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 22, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Slower growth outlook bearish for Swiss franc<\/strong><\/p>\n<p>Swiss economic growth outlook was downgraded due to weak performance in the first half of the year. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/usdchf \"> USDCHF <\/a> continue rebounding?<\/p>\n<p>The Swiss National Bank decided to keep the target range for the three-month Libor at between minus 1.25% and minus 0.25% at its 14 September meeting. The Q2 Swiss GDP grew 0.3% on quarter from downwardly revised 0.1% growth in first quarter. Economic growth in annual terms slowed though as second quarter GDP dropped to 0.3% year-on-year from 0.6% in first three months of 2017. And the State Secretariat for Economic Affairs said on Thursday it now expects economic growth of 0.9% in 2017, below its June forecast of 1.4 %. Slower growth outlook is bearish for Swiss franc.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/USDCHF_22Sept2017.png\" alt=\"USDCHF\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">The <b> USDCHF <\/b> is rising on the daily chart after hitting twelve month low two weeks ago.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator <\/b> gives a buy signal.<\/li>\n<li>The <b> Donchian channel <\/b> signals uptrend: it is tilted up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> is above the signal and the gap is widening, which is a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochi\">stochastic oscillator<\/a> is rising, but hasn\u2019t reached the overbought zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above the upper Donchian bound at 0.9747. This level can be used as an entry point for a pending order to buy. The stop loss can be placed below the fractal low at 0.9564. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-2812038984\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.9747<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.9564<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Slower growth outlook bearish for Swiss franc Swiss economic growth outlook was downgraded due to weak performance in the first half of the year. Will the USDCHF continue rebounding? The Swiss National Bank decided to keep the target range for the three-month Libor at between minus 1.25% and minus 0.25% at its 14 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113334","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113334"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113334\/revisions"}],"predecessor-version":[{"id":113346,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113334\/revisions\/113346"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}