.st0{fill:#FFFFFF;}

USDCHF Weekly Forex Forecast – 29th May to 2nd June 2017 

 May 28, 2017

By  Advanced Strategies

USDCHF Weekly Forex Forecast – 29th May to 2nd June 2017

Technical Outlook: USDCHF failed to make any pullbacks as price action fell sharply off 1.0100 level towards the 127.2% Fibonacci extension level. Further downside is expected to come on a move towards 0.9564. However considering the consolidation that is happening at the current 127.2% level, we can expect to see some upside in price. This could potentially trigger a move in USDCHF to testing the resistance level at 0.9861 – 0.9894 region. Alternately, failure to pullback could see the current price level being breached, in which case further downside to 0.9861 – 0.9894 can be expected.

Fundamental Outlook: A slow week from Switzerland, the pace of data picks up on Thursday with the quarterly GDP numbers and the retail sales figures. The Swiss franc is unlikely to be influenced much although data from the U.S. could be the main driver this coming week. The ISM will be reporting on the monthly manufacturing activity on Thursday followed by the monthly jobs report by the commerce department on Friday. Expectations are high with the May jobs reported expected to show 200k+ jobs for May that could potentially seal the deal for a June rate hike.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 29th May to 2nd June 2017


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies