Tag Archives: USD/CHF

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...

USD/CHF is slowly advancing printing fresh 2020 highs by a few pips. The rising wedge formations can limit the upside on USD/CHF.  USD/CHF daily chart USD/CHF is printing new 2020 highs while the quote is trading below the 100/200-day simple moving averages suggesting an overall bearish momentum. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart After USD/CHF broke below the rising wedge pattern the market made a retest...

USD/CHF stalls the previous day’s declines after breaking the weekly support line (now resistance). Late-December lows limit immediate upside, 50% Fibonacci can check the declines. Bearish MACD favors further weakness in the quote. USD/CHF clings to 0.9755 during the pre-European session on Wednesday. The pair snapped six-day winning streak on the break of an ascending trendline since February 03. However, 61.8% Fibonacci retracement of December 24-January 16 fall...

Swiss Franc The Euro has fallen by 0.08% to 1.064 EUR/CHF and USD/CHF, February 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors appear to be increasingly looking past the latest coronavirus from China as new afflictions slow. Despite the soggy close of US equities yesterday, Asia Pacific bourses are nearly all higher, led by more than 1% gains in Singapore and Thailand. The Dow Jones Stoxx 600 is...

USD/CHF created a rising wedge pattern suggesting potential exhaustion in the medium term. The level to beat for bears is the 0.9770 support.   USD/CHF daily chart USD/CHF is pulling back down slightly from the 2020 highs while reintegrating Friday’s range. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish bias. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is...

USD/CHF extends recovery from mid-January lows. A ten-week-old falling trend line, short-term horizontal resistance area will challenge the pair’s latest pullback. The pair’s break of yearly low can push the bears towards late-2018 lows. USD/CHF takes the bids to 0.9700 during the pre-European session on Wednesday. That said, 21-day EMA limits the pair’s immediate upside amid the bullish MACD signals. Even if the pair manages to clear the 0.9700 mark on a daily...

Swiss Franc The Euro has fallen by 0.09% to 1.0681 EUR/CHF and USD/CHF, January 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It was as if the World Health Organization’s recognition of that the new coronavirus is an international health emergency was the catalyst that the markets needed. US equities recovered smartly and managed to close higher on the session. However, the coattails were short, and...

USD/CHF confronts 23.6% Fibonacci retracement following the bounce off 21-day SMA. Early month lows add to the support while 38.2% Fibonacci retracement, 50-day SMA will challenge recovery moves. USD/CHF takes the bids to 0.9707 during the pre-Europe session on Friday. In doing so, the pair repeats the tendency of staying beyond 21-day SMA while also confronting 23.6% Fibonacci retracement of its declines from November 29, 2019, to January 16, 2020. The sustained...

USD/CHF snaps two-day winning streak, reversed from monthly resistance line. Buyers will remain hopeful unless the channel’s support breaks. 50% and 38.2% of Fibonacci retracements could offer intermediate halts during the declines. USD/CHF declines to 0.9728, -0.11%, by the press time of early Thursday. The pair recently reversed from an ascending trend line since December 29, 2019. Even so, it stays inside the short-term bullish technical formation. Considering the...