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USD/CHF Daily Forecast and Daily Trade Signal 6-OCT-2022

Fxdatapanel06 Oct 2022Forex Forecast

USD/CHF Daily Forecast and Daily Trade Signal 6-OCT-2022

The USD/CHF pair has dropped from Tuesday’s high and is currently trading at 0.9890. The intraday support levels are at 0.9783 and 0.9732. The intraday resistance levels are at 0.9884 and 0.9940. Despite the downtick, the recovery pattern remains intact, and the USDCHF pair may rise in the coming session.

  1. USDCHF Technical Outlook
  2. USDCHF Support and Resistance Levels
  3. USDCHF Pivot Points
  4. USDCHF Trading Ranges
  5. USDCHF Trade Signal
  6. USD/CHF Upcoming Levels to Monitor

USD/CHF Technical Outlook

Stochastic, Relative Strength Index (RSI), and Bollinger Bands (BB) are neutral. The Average True Range (ATR) indicates low volatility, while the Moving Average Convergence Divergence (MACD) is above the zero line, indicating further bullish momentum. USDCHF pair’s current price is above the 20, 50, and 100-period moving averages.

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USD/CHF Support and Resistance levels – Short-Term

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USDCHF Pivot Points

USD/CHF Trading Ranges

USD/CHF Daily Trading Range: 0.9781 – 0.9831
USDCHF Weekly Trading Range: 0.9781 – 0.9950
USDCHF Monthly Trading Range: 0.9781 – 0.9950
USD/CHF Yearly Trading Range: 0.9091 – 1.0065

Related Article: EURGBP Forecast and Daily Trade Signal

USD/CHF Trading Idea – 6-OCT-2022

Following the current intraday price pattern and indications from the technical indicator, the USDCHF pair is likely to rise in the coming sessions, making the pair ideal for buying entries using the following level.

Trade Signal Direction: Buy

Trade Signal Timeframe: Daily


Entry: 0.9747

Stop-loss: 0.9644

Take Profit: 0.9896

USD/CHF Upcoming Levels to Monitor

The 0.9900 is a strong resistance level, and bulls need an intraday closing above this level to build the upwards momentum further. On the downside, 0.9830 is a strong support area, and a breach below this level will extend USDCHF’s downside.

Click here to download USDCHF’s complete smart analysis from FXDatapanel.