Tag Archives: 1.) FXStreet on SNB&CHF

USD/CHF bounces off 23-month low amid oversold RSI. January/February bottoms could restrict immediate upside. An eight-day-old falling trend line adds to the resistance. February 2018 top seems to be on the Bears’ radar. USD/CHF recovers 0.11% from the lowest since September 2018 amid the pre-Europe session on Wednesday. With the RSI conditions oversold, the quote seems to extend the pullback towards the lows marked during January and February months of the current...

USD/CHF remains on the back foot near the multi-week low. Bearish MACD signals further downside, key support question the sellers. 200-week SMA acts as the key upside barrier. Despite bouncing off September 2018 lows, USD/CHF stays 0.11% down while trading around 0.9640 during early Monday. Also portraying the pair’s weakness are bearish conditions of MACD. That said, a downward sloping trend line since early October 2019, at 0.9600 now, acts as the immediate...

USD/CHF is bouncing from daily lows while nearing the 0.9730 resistance. As the bounce can be short-lived, the level to beat for sellers remains the 0.9680 level USD/CHF daily chart USD/CHF is trading below the main daily simple moving averages suggesting an overall bearish bias in the long term. The spot is just below the 50 SMA. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart As expected the spot reached the 0.9680...

USD/CHF trades near a three-week low. Bearish MACD, failures to carry the latest recovery keep sellers hopeful, 50-day SMA acts as near-term key support. 200-day SMA, 61.8% Fibonacci retracement act as near-term key resistances. USD/CHF remains on the back foot around 0.9740, down 0.25%, during the initial trading session on Thursday. That said, the quote fails to carry the previous day’s recovery gains. Even so, a 50-day SMA level of 0.9737 acts as the near-term key...

USD/CHF holds onto losses amid fears of coronavirus outbreak. Soft coronavirus statistics from China fail to counter widespread disease data from the rest of the globe. China’s ability to meet phase-one deal terms seem to gain a little appreciation among traders. The US New Home Sales, Swiss ZEW Survey can offer intermediate moves. USD/CHF flashes 0.03% loss while trading around 0.9760 during early Wednesday. In doing so, the quote declines for the fourth day in a...

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. That said, the bears will be more powerful to aim for 0.9700 if breaking a 50-day...

USD/CHF bounces off the short-term key support confluence comprising 21 and 50-day EMA as well as 38.2% Fibonacci retracement. 200-day EMA, 61.8% Fibonacci challenge buyers amid bullish MACD. USD/CHF registers 0.21% gains while taking the bids around 0.9805 during the early Monday. The pair recently reversed from 21/50-day EMA and 38.2% Fibonacci retracement of October 2019 to January 2020 declines. Also supporting the pullback are bullish signals from MACD. That...

USD/CHF prints another 2020 high and retraces down in the New York session. Bears are challenging the 0.9830 level.  USD/CHF daily chart After hitting yet again a new 2020 high, USD/CHF is easing from session highs. The spot is trading below the 200-day simple moving averages suggesting an overall bearish momentum in the long term. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart Dollar/Swiss is trading in a rising...

USD/CHF registers three-week winning streak, breaks above 38.2% Fibonacci retracement for the first time in a year. 61.8% Fibonacci retracement, September 2018 low act as the key supports. USD/CHF takes the bids to 0.9835 amid the pre-European session on Wednesday. In doing so, the pair crosses 38.2% Fibonacci retracement of its broad run-up between February 2018 and April 2019. Also supporting the pair’s upside is a first in nine weeks bullish MACD signal. Based on...

The Swiss National Bank (SNB) has the mandate to maintain CPI inflation near 2% on a yearly basis but is currently running at just 0.2%. CHF’s strength is not welcomed by SNB, economists at Rabobank reports. Key quotes “The strong performance of the CHF can be associated with Switzerland’s robust fundamentals which ensure that the currency is considered by many investors to be store of value. While there have been a wide number of exogenous factors which have sparked...