Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF struggles to hold the latest recovery gains. A seven-week-old rising trend line, 50% Fibonacci retracement acts as the closest upside barrier. 61.8% of Fibonacci retracement offers adjacent support. The USD/CHF pair’s recovery from 0.9840 seems to lack momentum as the quote witnesses a pullback to 0.9900 ahead of the European session opening on Wednesday. With this, the 61.8% Fibonacci retracement level of September-October rise, at 0.9885, acts as the close...

USD/CHF seesaws around late-Friday tops. 100-HMA, Friday’s high will restrict the latest pullback. September month low can please sellers during the declines. Failure to extend the latest recovery seems to portray the USD/CHF pair’s weakness as it trades around 0.9870 amid pre-European session on Tuesday. The pair trades below 100-Hour Simple Moving Average (HMA) and Friday’s high, around 0.9900, which holds the key to pair’s further recovery towards a 200-HMA level...

USD/CHF bounces off from a multi-week low. 38.2% Fibonacci retracement, late-September bottoms can question the recent upside. The USD/CHF pair’s latest recovery is less likely to prevail for long unless clearing near-term key resistance area. The quote seesaws around 0.9860 by the press time of the pre-European session on Monday. While 50% Fibonacci retracement of late-August to the early-October upside, at 0.9870, can act as an immediate upside barrier, 0.9900/10...

USD/CHF remains under heavy pressure after the London close.  The level to beat for bears is the 0.9871 level.  USD/CHF daily chart On the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle. 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 the main SMAs as the market is trading at its...

USD/CHF struggles around 38.2% Fibonacci retracement after declining to a three-week low. Bearish MACD favors further downpour to 0.9800/9795 support-zone. With its sustained trading below 50-day SMA, coupled with the bearish MACD, USD/CHF stays on the sellers’ radar even if it clings to 0.9880 during early Friday. The September 24 low nearing 0.9840 acts as immediate support for the pair while the previous month low and 23.6% Fibonacci retracement of April-August...

The pair remains under some selling pressure for the second straight session. The ongoing slide dragged it below a two-month-old ascending trend-channel. Bears might now aim towards challenging the 0.9900 round-figure mark. The USD/CHF pair extended this week’s rejection slide from the vicinity of the key parity mark and remained under some selling pressure for the second consecutive session. The ongoing slide to one-week lows has now dragged the pair below a...

Despite the intraday pullback, the pair has managed to hold above 200-DMA. The near-term technical set-up support prospects for some dip-buying interest. The USD/CHF pair failed to capitalize on its intraday positive move and faced rejection near the key parity mark, albeit has still managed to hold above the very important 200-day SMA. Given the pair’s repeated bounce from a support marked by the lower end of a two-month-old ascending trend-channel, the near-term...

USD/CHF repeatedly fails to cross 0.9985/90 area. A two-month-old rising trend-line, 100-day EMA grabs sellers’ attention. Repeated failures to rise past-0.9985/90 resistance-area drags USD/CHF to 0.9965 by the press time of early Tuesday. The pair now witnesses pullback towards the two-month-old rising trend-line, at 0.9930, a break of which could further drag the quote to a 100-day Exponential Moving Average (EMA) level of 0.9910. Though, pair’s declines beneath...

Continued with its struggle to extend the momentum beyond 200-DMA. Bears eye a decisive break below the ascending trend-channel support. Bulls are likely to await a sustained strength above the key parity mark. The USD/CHF pair failed to capitalize on last week’s attempted rebound from a support marked by the lower end of a two-month-old ascending trend-channel and met with some fresh supply on Monday. The pair’s repeated failed attempts to extend the momentum...

USD/CHF pulls back from 0.9990, 23.6% Fibonacci retracement on the sellers’ radar. 200-bar SMA, followed by rising multi-week-old rising trendline and 38.2% Fibonacci retracement, limit further declines. Despite witnessing a downside pressure off-late, the USD/CHF pair remains well above the key supports while taking rounds to 0.9960 amid pre-European open session on Monday. While 23.6% Fibonacci retracement of August–October upside, at 0.9940, seems to please...