Tag Archives: 1.) FXStreet on SNB&CHF

Swiss franc losses strength versus USD, EUR despite risk aversion.  USD/CHF modestly lower for the day after finding resistance at 0.9500.  The USD/CHF was trading around 0.9470, modestly lower from the level it closed on Friday. The pair bottomed during the European session at 0.9390, following rate cuts from many central banks. It then rebounded as the DXY turned positive, trimming losses. The 0.9500 area capped the recovery of the US dollar. From a fundamental...

USD/CHF holds onto recovery gains inside the short-term bullish technical pattern. Key SMA, sluggish MACD question the buyers. In addition to the current risk-reset, USD/CHF takes clues from the technical indicators while rising 0.26% to 0.9493 amid the initial trading session on Tuesday. The pair recently bounced off the support-line of a one-week-old rising trend channel, which in turn pushes the quote towards a 100-bar SMA level of 0.9540. However, the quote’s...

USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level. 50% of Fibonacci retracement, January month low on the bulls’ radars. Sellers can take entry below 0.9320. USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019. As a result, buyers can aim for further upside beyond a...

USD/CHF is under pressure in Asia as US index futures are flashing red. The pair has created a bear flag or a bearish continuation pattern on the 4-hour chart. USD/CHF is currently trading at 0.9364, representing a 0.38% drop on the day, having failed to chew through offers around 0.94 during the overnight trade. The anti-risk CHF is drawing bids in Asia, possibly tracking the S&P 500 futures, which are currently signaling risk aversion with a 2.25% drop. From a...

USD/CHF remains on the back foot despite recovering off-late. 61.8% of Fibonacci retracement will be on the sellers’ radars. Buyers are less likely to take the risk unless revisiting early-2020 levels. USD/CHF registers 1.36% loss to 0.9260 while heading into the European open on Monday. The pair earlier dropped below the longer-term support line, stretched from May 2015, but fails to stay beneath the same off-late. As a result, the bears will await a sustained fall...

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...