Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF fails to hold onto recovery gains from multi-month lows. Doubts over Iran/Iraq’s capacity to retaliate the US might have shuffled the risk tone. Comments from the NY Fed, GT headlines add to the greenback’s weakness. USD/CHF refrains from extending the recent recovery while trading around 0.9700 during the pre-European session on Monday. The pair seems to portray the recent risk reshuffle and the US catalysts while stepping back from the weekly top. Risk...

USD/CHF drops after the news broke that the key members of Iran have been killed in by the US attack near Baghdad airport. 200-hour EMA, resistance line of immediate rising channel guard adjacent upside. December month low adds to the support. USD/CHF declines to 0.9700 during the early Friday’s trading. The quote recently slipped as the Swiss Franc (CHF) strengthened, due to its safe-haven appeal, after the US-Middle East tensions are about to get worst. Read: US...

USD/CHF remains week for the fifth consecutive week. Cautious optimism surrounding the phase-one, a lack of major data and positive performance of commodities seem to weigh on the USD. Second-tier data from the US and Switzerland will be watched closely for fresh impulse. USD/CHF declines to 0.9720 amid mildly active trading session on early Monday. The pair has been weighed down by the broad US Dollar (USD) losses off-late. With the increasing optimism surrounding...

USD/CHF fails to hold on to previous gains as broad weakness of the USD joins risk reshuffle. US-China trade optimism confronts Brexit risk while Japan’s data-dump joins China’s Industrial Production data. Swiss ZEW Survey, trade/political updates will be in the spotlight. With the broad US Dollar (USD) weakness joining hands with mixed fundamental catalysts, USD/CHF drops to 0.9810 amid the initial Friday trading. The greenback seems to have lost its allure amid the...

USD/CHF stays above 10-DMA for the first time in three weeks. 50% Fibonacci retracement can guard immediate upside ahead of 0.9885/90 resistance confluence. A downside break below 61.8% Fibonacci retracement can recall monthly low. Following its break of 10-Day Simple Moving Average (DMA) on Friday, USD/CHF trades around 0.9830 during early Monday. The pair remains positive above 61.8% Fibonacci retracement of August-October upside. In doing so, 50% Fibonacci...

USD/CHF trades near the multi-month low. A Bullish technical formation, oversold RSI conditions stop sellers. The further downside can look towards late-August month low. USD/CHF seesaws around 0.9800 during the pre-European session on Thursday. The pair forms a bullish technical pattern on the four-hour (4H) chart. Also supporting the hopeful buyers is oversold conditions of 14-bar Relative Strength Index (RSI). Even so, a sustained break of the bullish pattern’s...

Major European stocks post modest losses on Wednesday. US Dollar Index clings to gains above 97.30. Coming up: Swiss National Bank’s (SNB) Quarterly Bulletin. The USD/CHF pair dropped to its lowest level since late August at 0.9798 on Wednesday but staged a technical recovery in the last hour. As of writing, the pair was up 0.05% on the day at 0.9808. After major Asian equity indexes closed the day in the negative territory on Wednesday, European stocks struggled to...

US Dollar Index erases daily recovery gains ahead of American session. European equity indexes stay in the negative territory. Coming up: Building Permits, Housing Starts and Industrial Production data from US. The USD/CHF lost its traction in the last couple of hours and retraced its daily recovery gains pressured by the sour market mood and the broad USD weakness. As of writing, the pair was down 0.02% on the day at 0.9818. The USD recovery during the early trading...

USD/CHF sellers await confirmation of the bearish technical pattern. 200-hour EMA limits immediate upside. Following its heavy declines on Monday, USD/CHF trades near 0.9880 while heading into the European session on Tuesday. The pair forms a bearish flag on the hourly chart while staying near the pattern support by the press time. With this, sellers will wait for a downside break of flag support, near 0.9870, to aim for the theoretical target of 0.9700. However,...

USD/CHF declines for the second consecutive day. 50% Fibonacci retracement, October low could challenge sellers. An upside break of 0.9890 highlights 200-DMA, 23.6% Fibonacci retracement. USD/CHF extends the recent pullback while flashing 0.9870 as a quote during early Friday. The pair recently pulled back from 100-Day Simple Moving Average (DMA) and 38.2% Fibonacci retracement of August-October rise. Prices are now likely declining towards 50% Fibonacci retracement...