Monday , November 23 2020
Home / Tag Archives: 1.) FXStreet on SNB&CHF

Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF Price Analysis: Pressured below 100-HMA, short-term resistance line

USD/CHF extends gradual declines from the monthly top marked the last-Monday. A descending trend line support, 61.8% Fibonacci retracement may offer intermediate rests during the downside. 0.9745/50 can act as a buffer resistance beyond 100-HMA. USD/CHF remains under pressure while taking rounds to 0.9655, down 0.05% on a daily, amid the early trading session on Monday. The pair currently tests 50% Fibonacci retracement of its upside from March 27 to April 06....

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USD/CHF Price Analysis: Technical set-up remains tilted in favour of bullish traders

USD/CHF traded with a positive bias for the sixth consecutive session on Monday. Bulls are likely to wait for a sustained move beyond the very important 200-DMA. The USD/CHF pair built on last week’s goodish positive move of around 300 pips and continued gaining traction for the sixth straight session on Monday. The pair climbed to near two-week tops in the last hour, with bulls now looking to extend the momentum further beyond the 0.9800 round-figure mark. The...

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USD/CHF Price Analysis: US dollar bulls nearing 0.9700 handle vs. Swiss franc

USD/CHF is trading up for the third consecutive day.  The level to beat for bulls is the 0.9700 resistance. USD/CHF daily chart USD/CHF is rebounding from the 0.9500 level while challenging the 50 SMA on the daily chart. DXY (US dollar index) is gaining some ground vs. most of its rivals. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart The spot is about to challenge the 0.9700 figure while trading above the 100/200...

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USD/CHF Price Analysis: Intraday positive move stalls near the 0.9590 confluence region

USD/CHF finds decent support near 0.9500 mark and snaps four days of losing streak. The set-up warrants some caution before positioning for any further recovery move. The USD/CHF pair found a decent support near the key 0.9500 psychological mark and staged a goodish recovery on the first day of a new trading week, snapping four consecutive days of losing streak. The positive move lifted the pair to a short-term descending trend-channel breakpoint, turned resistance,...

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USD/CHF hits ten-day lows near 0.9550 as the greenback remains under pressure

US Dollar Index tumbles to fresh weekly lows at 98.73, down 4% from the top.  US data: Consumer Sentiment Index suffers second-largest monthly decline in March. The USD/CHF pair is falling for the fourth consecutive day amid an ongoing sell-off of the US dollar. The DXY approached earlier on Friday the 100.00 area and recently bottomed at 98.73, the lowest level since March 17. The US dollar remains under pressure, affected by lower US yields. After a short-lived...

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USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

USD/CHF is trading down for the fourth consecutive day. The level to beat for bears is the 0.9600 support. USD/CHF daily chart USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday. USD/CHF daily chart - Click to enlarge USD/CHF four-hour chart The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could...

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USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

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...

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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. In addition to the channel’s resistance, nearly overbought RSI conditions also challenge the pair’s further upside. However,...

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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 daily chart 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 daily chart(see more posts on USD/CHF, ). USD/CHF four-hour chart The spot spiked to the upside while reaching new March’s highs while trading above the main...

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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. However, an upward sloping trend line since March 09, near 0.9470 now, could restrict further downside. In a case where the bears dominate...

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