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Tag Archives: USD/CHF

USD/CHF Price Analysis: Intraday positive move stalls near the 0.9590 confluence region

USD/CHF finds decent support near 0.9500 mark and snaps four days of losing streak. The set-up warrants some caution before positioning for any further recovery move. The USD/CHF pair found a decent support near the key 0.9500 psychological mark and staged a goodish recovery on the first day of a new trading week, snapping four consecutive days of losing streak. The positive move lifted the pair to a short-term descending trend-channel breakpoint, turned resistance,...

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USD/CHF Price Analysis: Follows rising channel on H4 ahead of SNB

USD/CHF stays positive near a three-week high. The resistance line of an eight-day-old rising trend channel limits the immediate upside. 200-bar SMA offers immediate support, SNB in the spotlight. USD/CHF pulls back from the resistance line of a short-term rising trend channel while taking rounds to 0.9695, up 0.16%, during the early Thursday. In addition to the channel’s resistance, nearly overbought RSI conditions also challenge the pair’s further upside. However,...

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USD/CHF Price Analysis: Pullback from 50-day EMA shifts focus to weekly support trendline

USD/CHF slips from a two-week high. 61.8% Fibonacci retracement, 200-day EMA add to the resistances. While extending its U-turn from 50-day EMA, USD/CHF drops 0.30% to 0.9583 ahead of the European session on Wednesday. The pair currently declines towards 38.2% Fibonacci retracement of its fall from November 2019, at 0.9500. However, an upward sloping trend line since March 09, near 0.9470 now, could restrict further downside. In a case where the bears dominate...

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USD/CHF recovers but finds resistance at 0.9500

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...

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USD/CHF Price Analysis: Below 100-bar SMA inside weekly rising channel

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...

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USD/CHF Price Analysis: 50-day SMA challenges further declines

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...

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USD/CHF registers four-day losing streak as coronavirus keeps risk-tone heavy

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...

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USD/CHF Price Analysis: Bearish spinning top keeps sellers hopeful

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...

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USD/CHF Price Analysis: 200-day EMA questions pullback from 0.9770/75 support confluence

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...

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USD/CHF New York Price Analysis: Dollar eases from session highs, trades below 0.9830 vs. Swiss franc

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...

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