This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
You will not be guaranteed Negative Balance Protection
You will not be protected by FCA’s leverage restrictions
You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
You will not be protected by Financial Services Compensation Scheme (FSCS)
Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.
Note: UK clients are kindly invited to visit https://www.ultima-markets.co.uk/. Ultima Markets UK expects to begin onboarding UK clients in accordance with FCA regulatory requirements in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
4.Investing through this website does not grant you the protections provided by the FCA.
5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCHF for DEC 13, 2024.
USDCHF Key Takeaways
SNB interest rate cut: Swiss National Bank cut a sharp 50 basis point, the market expected a 25-basis point cut, the bank said it was ready to intervene in the foreign exchange market if necessary.
Expected depreciation of the Swiss franc: The appreciation of the Swiss franc is another headache for Swiss exporters. With weak European demand, the appreciation of the Swiss franc makes its export products more expensive. The Swiss National Bank has always hoped that the Swiss franc will depreciate and expand exports, so the unexpected interest rate cut is to widen the US-Swiss interest rate gap, thereby preemptively curbing the excessive strength of the Swiss franc.
USDCHF Technical Analysis
USDCHF Daily Chart Insights
(USDCHF Daily Price Chart, Source: Ultima Markets MT4)
(USDCHF Daily Price Chart, Source: Ultima Markets MT4)
Stochastic oscillator: The indicator once again sent an upward signal below the 50 median line, suggesting that short-term bullish forces have the upper hand. However, based on the fact that the previous decline did not enter the oversold area, the exchange rate adjustment cycle was too short, and whether it could break through the previous high still needs to be vigilant.
MA support: USD/CHF hit the 38.2% Fibonacci retracement level of the upward trend since September, which is also the price where the MA group intersects. The strong support effect makes the exchange rate rebound upward in the short term. It is worth noting that the adjustment cycle is less than 20 trading days, and the exchange rate may encounter resistance and fall again from the previous high.
USDCHF 1-hour Chart Analysis
(USDCHF H1 Price Chart, Source: Ultima Markets MT4)
(USDCHF H1 Price Chart, Source: Ultima Markets MT4)
Stochastic oscillator: The indicator sends a short signal in the overbought area, and the exchange rate may adjust downward during the Asian session. Although the indicator currently shows signs of rising again, it is necessary to be vigilant about the top signal that forms a top divergence with the exchange rate.
Support price: The current exchange rate is adjusting and fluctuating at a high level, and the fair value gap (FVG) is below. Once it falls below FVG, the next target will be the upward channel line, which is also near the red 33-period moving average.
USDCHF Pivot Indicator
(USDCHF M30 Price Chart, Source: Ultima Markets APP)
(USDCHF M30 Price Chart, Source: Ultima Markets APP)
According to the trading central in Ultima Markets APP, the central price of the day is established at 0.8870,
Bullish Scenario: Bullish sentiment prevails above 0.8870, first target 0.8955, second target 0.8985;
Bearish Outlook: In a bearish scenario below 0.8870, first target 0.8845, second target 0.8815.
Conclusion
To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.
For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.
Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.
Stay tuned for more updates and analyses from our team of experts at Ultima Markets.
—–
Legal Documents
Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
Why Trade Metals & Commodities with Ultima Markets?
Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.
Thank you for visiting the Ultima Markets website. Please note that this website is intended for individuals residing in jurisdictions where accessing is permitted by law. Ultima and its affiliated entities do not operate in your home jurisdictions.
By clicking on ''Acknowledge'', you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website based on reverse solicitation principles, in accordance with the applicable laws of your home jurisdiction.
