empty
16.06.2021 11:54 AM
USD/CHF Hot Forecast for 16 June

This image is no longer relevant

The Swiss franc currency is struggling to find a clear direction against the US dollar, ahead of the very important FOMC policy meeting later today. The USDCHF pair is trapped in a broadening wedge pattern between the 0.8925 and 0.9060 levels at the moment. As it is often the case, when a breakout from broadening wedges happens, then a powerful directional move will take place.

The USDCHF pair is only bullish while trading above the round figure mark 0.9000 critical level, key resistance is found at the 0.9060 and 0.9200 levels. If this pair able to break its descending trendline, then we will see a clear reversal .

USD/CHF 's 4 hourly MACD has diverged in favor of the bulls. MACD histograms has produced higher lows , contradicting lower lows on the price chart. That bullish divergence indicates a potential for an upside breakout.

The USDCHF pair is only bearish while trading below the 0.9020 level, key support is found at the 0.8925 and 0.8850 levels.

Jan Novotny,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 23/05/2025: EUR/USD, GBP/USD, SP500, Gold, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:51 2025-05-23 UTC+2

EUR/USD Forecast for May 23, 2025

The Eurozone PMI data for May, published yesterday, was disappointing. The Manufacturing PMI dropped from 49.0 to 48.4 (vs. expectations of 49.2), and the Services PMI declined from 50.1

Laurie Bailey 05:16 2025-05-23 UTC+2

GBP/USD Forecast for May 23, 2025

Yesterday, the British pound closed at its opening level, which visually appears as a consolidation below the 1.3433 level — a level that the price is already attempting to break

Laurie Bailey 04:48 2025-05-23 UTC+2

EUR/NZD Forecast for May 23, 2025

On the daily chart, the pair's quote breaks above the MACD line after spending two weeks below it. The Marlin oscillator's entry into positive territory supports the assumption

Laurie Bailey 04:43 2025-05-23 UTC+2

Trading Signals for GOLD for May 22-25, 2025: buy above $3,281 (21 SMA - 6/8 Murray)

The Eagle indicator is showing a negative signal, suggesting that gold's decline could continue in the coming days. To do this, we must pay attention to the 3,281 zone; below

Dimitrios Zappas 18:15 2025-05-22 UTC+2

Trading Signals for BITCOIN for May 22-25, 2025: sell below $111,850 (+2/8 Murray - 200 EMA)

Bitcoin reached highs above $111,850 near the +2/8 Murray area, which represents an extreme overbought zone. Bitcoin could suffer a sharp decline in the coming days and reach the bottom

Dimitrios Zappas 18:12 2025-05-22 UTC+2

Trading Signals for EUR/USD for May 22-25, 2025: sell below 1.1286 (200 EMA - 21 SMA)

EUR/USD is trading around 1.1287 after attempting to break the top of the downtrend channel. The instrument is now consolidating around the 21 SMA, which suggests it could continue

Dimitrios Zappas 18:11 2025-05-22 UTC+2

Forecast for EUR/USD on May 22, 2025

On Wednesday, the EUR/USD pair continued to rise and consolidated above the 50.0% Fibonacci retracement level at 1.1320. As a result, the euro may continue appreciating toward the next resistance

Samir Klishi 11:51 2025-05-22 UTC+2

Forecast for GBP/USD on May 22, 2025

On the hourly chart, the GBP/USD pair continued rising on Wednesday, ending the day near the 1.3425 level. Just a couple of weeks ago, there was no sign of another

Samir Klishi 11:45 2025-05-22 UTC+2

Forex forecast 22/05/2025: EUR/USD, GBP/USD, USD/JPY, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:52 2025-05-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.