Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF erased its intraday gains, settling near the 0.9930 level.  Support is seen at the 0.9920 level. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The spot is holding just above the 50 SMA today at the 0.9921 level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is retracing down from the current November highs while challenging the...

The USD/CHF pair’s recent recovery confronts 100-HMA, adjacent resistance line. 38.2% Fibonacci retracement, 0.9900 act as nearby supports. Following its bounce off 38.2% Fibonacci retracement of the current month upside, USD/CHF confronts near-term key resistance confluence while taking the bids to 0.9942 during early Tuesday. However, a sustained break of 0.9945 becomes necessary for the quote to extend recent recovery towards the support-turned-resistance line of...

USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement. A downside break of 0.9948 could recall 0.9900 on the chart Bullish MACD keeps buyers hopeful. The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour. The prices seesaw around 0.9970 during early Monday. Also favoring the buyers are the bullish signals from 12-bar...

Swiss Franc amid the worst performers on Thursday amid positive trade headlines.  US dollar rises supported by higher US yields; Wall Street hits a new record. The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of the session, it is consolidating gains, holding above relevant short-term technical levels. Equity prices are higher in Wall Street amid reports that the US and...

USD/CHF is trading flat on the day, consolidating the gains of the last two days.  The level to beat for bulls is the 0.9940/0.9956 resistance zone. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The market is holding just above the 50 SMA today at the 0.9916 level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is trading near the monthly...

USD/CHF holds on to recovery gains above 100-day SMA amid increasing hopes of the US-China trade deal. Comments from Fed’s Daly add to the pair’s strength. The US PMIs, JOLTS Job Openings to decorate the economic calendar while trade/Brexit headlines will mostly drive risk-tone. In addition to increasing hopes of an initial trade deal between the US and China, broad US Dollar (USD) strength also helps USD/CHF to take the bids near 0.9885 during the initial Asian...

USD/CHF nears 100-day SMA amid yet another bounce off 50% Fibonacci retracement. 61.8% of Fibonacci retracement adds support to the downside. With its yet another bounce off 50% Fibonacci retracement of August-October advances, USD/CHF nears 100-day Simple Moving Average (SMA) while taking the bids to 0.9865 amid initial trading on Monday. Should prices manage to close beyond a 100-day SMA level of 0.9871, early October lows near 0.9900 and 0.9940/43 resistance...

  In his prepared remarks delivered to pension managers on Thursday, Swiss National Bank Chairman Thomas Jordan said negative interest rates and readiness to intervene in the forex market was still essential to ease the pressure on the Swiss Franc. “Without negative rates, the Franc would be more attractive and rise in value,” Jordan further argued. The USD/CHF pair largely ignored Jordan’s comments and was last seen trading at 0.9875, down 0.18% on a daily basis....

USD/CHF is consolidating its losses this Thursday. The level to beat for bears is the 0.9855 support. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its main daily simple moving averages (DSMAs). The market is approaching the October low, currently at the 0.9837 price level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is under bearish pressure below its main SMAs as the market...

USD/CHF stays above 21-day EMA amid bullish MACD. A daily closing beyond the monthly trendline will trigger fresh upside. Given the monthly falling resistance line and 21-day EMA confusing USD/CHF traders on a key day, the quote seesaws near 0.9940 during pre-European session on Wednesday. Adding to the odds of pair’s run-up are bullish signals from the 12-bar Moving Average Convergence and Divergence (MACD) indicator. However, buyers need a sustained break above a...