Tag Archives: USD/CHF

USD/CHF declines from the highest in nearly six weeks. 61.8% of Fibonacci retracement acts as immediate support. Monthly trend line resistance limits nearby upside. USD/CHF takes U-turn from one-month-old resistance line while trading around 0.9965 amid the initial trading session on Tuesday. Given the gradual pullback in the 14-bar Relative Strength Index (RSI) from the overbought conditions, prices might witness additional downside. In doing so, 61.8% Fibonacci...

Swiss Franc The Euro has risen by 0.18% to 1.0997 EUR/CHF and USD/CHF, November 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of the victory of the pro-democracy movement in Hong Kong and an apparent concession by China on intellectual property rights is helping bolster risk appetites to start the week. Equities are higher. Hong Kong’s Hang Seng led Asia Pacific equities with a 1.5% gain,...

USD/CHF pulls back from six week high. Falling trend line since early October, 200-day SMA keeps buyers hopeful. An upside beyond mid-October high could escalate pair’s run-up towards the previous month high. USD/CHF fails to hold the recent trend line breakout while declining to 0.9970 during early Monday. Even so, the quote stays beyond a multi-week-old falling support-line, at 0.9960, while also trading above 200-day Simple Moving Average (SMA) level of 0.9948. As...

Swiss Franc The Euro has risen by 0.18% to 1.0997 EUR/CHF and USD/CHF, November 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities in the Asia Pacific managed to mostly shrug off the drag of the losses in US equities yesterday. China and India could not escape the pull, but most other bourses were higher, led by Singapore and Hong Kong. It was the second consecutive week that the MSCI Asia Pacific Index...

Following its latest recovery, USD/CHF rises to the highest since the previous Tuesday. 200-day SMA and multi-week-old resistance line hold the key to pair’s run-up towards 1.0000 mark. 0.9870 can entertain short-term sellers. Based on its U-turn from 0.9870, the USD/CHF pair current takes the bids to the highest in eight-day while trading around 0.9940 during early Friday. However, 200-day Simple Moving Average (SMA) and a downward sloping trend line since...

Swiss Franc The Euro has risen by 0.14% to 1.0984 EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The strongest signs to date that even phase one of a US-China trade deal is proving elusive helped spur the risk-off mood that had already been emerging. The S&P 500 fell by the most in a month (~-0.40%) yesterday, closing the gap from last week we had noted was the risk, and...

USD/CHF fails to extend uptick beyond 200-bar SMA, 50% Fibonacci retracement. The symmetrical triangle continues to favor sideways momentum. While failure to break 200-bar SMA and 50% Fibonacci retracement speaks loudly of the USD/CHF pair’s weakness, a month-old symmetrical triangle could restrict pair’s near-term moves. The quote takes the rounds to 0.9910 by the press time of the pre-European session on Thursday. Given the quote’s latest slip beneath key technical...

Swiss Franc The Euro has risen by 0.14% to 1.0984 EUR/CHF and USD/CHF, November 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The idea that a US-China trade deal is proving more elusive than the agreement in principle on October 11 implied is being seized upon to spur what we suspect is an overdue round of profit-taking in global equities. The MSCI Asia Pacific Index snapped a three-advance, with over 1%...

Swiss Franc The Euro has risen by 0.25% to 1.0981 EUR/CHF and USD/CHF, November 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The run-up in equities continues to be the dominant development in the capital markets. Although the Japanese and South Korean bourses fell, the rise in Australia, China, Hong Kong, and Taiwan underpin the MSCI Asia Pacific Index. The Hang Seng’s gains (1.5% on top of yesterday’s...

Swiss Franc The Euro has unchanged by 0.00% to 1.0935 EUR/CHF and USD/CHF, November 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities in Europe and the US look to extend their six-week rally, while the MSCI Asia Pacific Index gets back on the winning way after stumbling last week. Despite the escalation of the conflict in Hong Kong, the Hang Seng rose 1.35% to lead the region and recoup a chunk of last...