USD/CHF consolidates gains for the second consecutive day. The level to beat for bulls is the 0.9900 resistance. The parity level might be on the bulls’ radar. USD/CHF daily chart USD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs. The Fed extended its Quantitative Easing program with an initial reaction down on the US dollar which was relatively limited on USD/CHF and across the board. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart The uptrend remains intact as the spot is trading above the main SMAs. Bulls are looking for a break above the 0.9900 figure for a potential run to the parity level (1.0000) followed by the
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USD/CHF daily chartUSD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs. The Fed extended its Quantitative Easing program with an initial reaction down on the US dollar which was relatively limited on USD/CHF and across the board. |
USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge |
USD/CHF four-hour chartThe uptrend remains intact as the spot is trading above the main SMAs. Bulls are looking for a break above the 0.9900 figure for a potential run to the parity level (1.0000) followed by the 1.0050 level on the way up. The market is expected to find support near 0.9800, 0.9750 and 0.9700 levels in the medium term. |
USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge |
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USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level. 50% of Fibonacci retracement, January month low on the bulls’ radars. Sellers can take entry below 0.9320. USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019.
USD/CHF recovers but finds resistance at 0.9500
Swiss franc losses strength versus USD, EUR despite risk aversion. USD/CHF modestly lower for the day after finding resistance at 0.9500. The USD/CHF was trading around 0.9470, modestly lower from the level it closed on Friday. The pair bottomed during the European session at 0.9390, following rate cuts from many central banks. It then rebounded as the DXY turned positive, trimming losses.
USD/CHF Price Analysis: Below 100-bar SMA inside weekly rising channel
USD/CHF holds onto recovery gains inside the short-term bullish technical pattern. Key SMA, sluggish MACD question the buyers. In addition to the current risk-reset, USD/CHF takes clues from the technical indicators while rising 0.26% to 0.9493 amid the initial trading session on Tuesday.
USD/CHF Price Analysis: Pullback from 50-day EMA shifts focus to weekly support trendline
USD/CHF slips from a two-week high. 61.8% Fibonacci retracement, 200-day EMA add to the resistances. While extending its U-turn from 50-day EMA, USD/CHF drops 0.30% to 0.9583 ahead of the European session on Wednesday. The pair currently declines towards 38.2% Fibonacci retracement of its fall from November 2019, at 0.9500.
USD/CHF Price Analysis: Dollar trading in fresh March’s highs, challenging 0.9750 level
USD/CHF is reversing up sharply from the 2020 lows. The level to beat for bulls is the 0.9750 resistance. USD/CHF is rebounding sharply from 2020 lows while nearing the 100 SMA on the daily chart. The demand for the greenback is dring the currency pair towards the 2020 highs.
USD/CHF Price Analysis: Follows rising channel on H4 ahead of SNB
USD/CHF stays positive near a three-week high. The resistance line of an eight-day-old rising trend channel limits the immediate upside. 200-bar SMA offers immediate support, SNB in the spotlight. USD/CHF pulls back from the resistance line of a short-term rising trend channel while taking rounds to 0.9695, up 0.16%, during the early Thursday.
USD/CHF Price Analysis: Multiple upside barriers to check bulls amid overbought RSI
USD/CHF registers four-day winning streak, nears one-week high. A falling trend line since December 25, seven-week-old horizontal resistance limits the immediate upside. Overbought RSI conditions increase the odds of a pullback. USD/CHF remains mildly positive while gaining 0.07% to 0.9745 amid the pre-Europe session on Thursday.
USD/CHF Price Analysis: Bearish spinning top keeps sellers hopeful
USD/CHF snaps two-day losing streak. Bearish candlestick formation, sustained trading below 200-day SMA favor further selling. Bullish MACD, 50-day SMA question the bears. USD/CHF registers fewer moves while trading around 0.9790 during the pre-European session on Tuesday. The daily chart forms a bearish candlestick pattern but bullish MACD and 50-day SMA could limit further declines.
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