News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Breakout to the Upside Clears Way for Further Gains
Forex
Economic
Summary:
Price action transitioned into a consolidation range that recently ended with a forceful breakout, potentially opening the door for an upward leg toward the 0.8204 resistance zone.
Buy
TradingUSDCHF
EXP
0.81187
Entry Price
0.82000
TP
0.80800
SL
0.81194 +0.00113 +0.14%
0
Point
Flat
0.80800
SL
CLOSING
0.81187
Entry Price
0.82000
TP
In Switzerland, July inflation delivered a downside surprise. The Consumer Price Index (CPI) slipped 0.1% month-over-month, underperforming market expectations of a flat reading. The main drag on price growth stemmed from the transportation sector, where costs fell 0.4% on the month, contrasting with the 0.6% gain anticipated by consensus.
Looking at individual components, domestic prices grew 0.5% year-over-year, whereas imported goods prices held steady compared to the previous year. This trajectory indicates diminishing pressures from imported energy costs, which had previously driven the inflationary uptick seen in earlier months following Middle East tensions.
The Swiss National Bank's (SNB) latest outlook projects average third-quarter inflation at 0.7% year-over-year. Nevertheless, recent metrics suggest a softer path, with quarterly inflation running near 0.5%—around 0.2 percentage points below official projections. Sliding fuel costs have played a central role in this deceleration, and should this trend hold, inflation could keep running below central bank estimates.
Meanwhile, negotiations between Washington and Tehran face continued hurdles toward securing a deal to fully reopen the Strait of Hormuz, a critical maritime passage for global energy shipping. Intertwined demands for reparations over conflict damages have lowered hopes for a rapid breakthrough, keeping passage through the strait heavily constrained.
Outlook for a diplomatic exit worsened after Iran rejected potential talks with U.S. President Donald Trump. Citing Iranian press reports, sources indicate Tehran intends to wait until the conclusion of the current U.S. presidential term in January 2029 before considering a return to discussions with Washington.
Across the Atlantic, U.S. markets adjusted to hawkish commentary from Cleveland Federal Reserve President Beth Hammack. The official stated that current policy settings are not dragging on economic activity, noting that more than one rate hike may be needed to bring inflation back to target on a durable basis.
These statements come as market participants stay split over the Federal Reserve's next policy steps. Attention centers on July's Consumer Price Index (CPI) release, which may offer new guidance on the future path of interest rates.
Consensus forecasts point to headline inflation easing to 3.4% year-over-year in July from 3.5% in June, with core inflation expected to tick down to 2.5% from 2.6%. An upside surprise could bolster expectations for tighter monetary conditions and lift the U.S. dollar, while softer numbers could spark renewed selling pressure on the buck.
Technical Analysis
USDCHF broke above the downward trendline originating from the July 29 peak at 0.8207. From that level, price moved lower until reaching a local trough at 0.8039. Since then, price action transitioned into a consolidation range that recently ended with a forceful breakout, potentially opening the door for an upward leg toward the 0.8204 resistance zone. Meanwhile, the 100 and 200-period moving averages sit at 0.8095 and 0.8090, remaining within a triangle pattern; both averages recently completed a bullish crossover, lending further support to the upside thesis.
Turning to oscillators, the RSI sits at 68, approaching overbought territory. However, on a 1-hour chart like this one, overbought levels tend to extend deeper. Meanwhile, the MACD shows a histogram with light depth that recently returned to bullish ground; if histogram depth begins to build, buyers could establish firmer control. With signal lines already positioned in positive territory, the path of least resistance appears to be to the upside.
Trading Recommendations
Trading direction: Buy
Entry price: 0.8118
Target price: 0.8200
Stop loss: 0.8080
Validity: Aug 21, 2026 15:00:00
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2026 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.