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On April 13, several Israeli media outlets reported, citing senior Israeli defense officials, that the Israeli military had entered a "high alert" state, preparing for the resumption of military operations against Iran, as well as for a possible Iranian attack on Israel. As of now, the Israeli military has not commented on these reports.On April 13th, local time, on April 12th, after concluding his trip to Pakistan, Ghalibaf, the head of the Iranian delegation participating in the US-Iran negotiations in Islamabad, stated that the Iranian delegation had engaged in very in-depth, serious, and challenging discussions. Benefiting from the support of experts present, the delegation meticulously designed a series of measures to demonstrate Irans sincerity from a comprehensive and multifaceted perspective. He also stated that the Iranian delegation made it clear from the outset that it did not trust the Americans. The US must win Irans trust. Ghalibaf also responded to Trumps latest remarks on Iran, saying that such threats have no impact on the Iranian people. If the US wants to find a way out, the only way is to make a decision and win the trust of the Iranian people. Ghalibaf pointed out that if the US provokes, Iran will retaliate. Iran will not yield to any threats.According to Iranian state media, Irans chief negotiator, Qalibaf, told US President Trump: "If you provoke us, we will fight back; if you treat us with reason, we will treat you with reason."According to Iranian state media, Irans chief negotiator, Qalibaf, stated regarding US President Trumps new threats that such threats have no effect on the Iranian nation.According to Iranian state media, Irans chief negotiator, Qalibaf, stated that Iran has put forward several positive initiatives that fully demonstrate its sincerity, and these initiatives have promoted progress in the negotiations.

USD/CHF Price Analysis: Bulls Are Optimistic Due to Bullish Pennant Formation, 0.9500 is a Target

Drake Hampton

Apr 18, 2022 09:46

The USD/CHF pair is trading within a narrow range of 0.9411-0.9439 following a stronger rally from the April 14 low of 0.9330. On Easter Monday, the asset is trading flat against a weakening US dollar index (DXY) in early Tokyo.

 

On a four-hour chart, USD/CHF is creating a bullish pennant pattern, which indicates a lack of direction following a strong run to the north and points to more higher if consolidation breaks sharply. In general, a consolidation phase is characterized by the establishment of long positions by market players who did not participate in the first rally or by the placement of bids by investors who choose to enter an auction after a bullish bias develops. The March 16 high of 0.9460 serves as critical horizontal resistance.

 

At 0.9358 and 0.9400, the 20- and 50-period Exponential Moving Averages (EMAs) are advancing, implying additional potential. While the Relative Strength Index (RSI) (14) is established between 60.00 and 80.00, indicating a bullish trend.

 

If the stock overcomes horizontal barrier at 0.9460, bulls will push it towards psychological resistance at 0.9500, followed by the 5 June 2020 high of 0.9650.

 

On the other hand, a decline below the March 28 high of 0.9382 will bring the asset down to its April 14 low of 0.9324. If the latter is breached, the asset will be dragged towards the April 13 low of 0.9287.

USD/CHF Four-Hour Chart

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