Category Archive: 1.) FXStreet on SNB&CHF

USD/CHF technical analysis: Downside limited by nearby rising trendline, 0.9937/35 confluence

USD/CHF seesaws around 23.6% Fibonacci retracement after witnessing multiple failures to cross 1.0030. A nine-day-old rising trend-line, followed by a confluence of 200-HMA/50% Fibonacci retracement limits near-term declines. Despite witnessing pullbacks from 1.0030, USD/CHF is yet to slip beneath key supports as it clings to 0.9985 during early Friday.

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AUD/CHF Technical Analysis: Bears seeking a break to channel bottoms, below 61.8 percent Fibo

Bulls target risk back to the top of the channel and recent highs of 0.6750. Bears seek a break of trendline support and a resumption of the downside within the bearish channel. AUD/CHF has been resilient against the odds, considering the risk-off tone in markets were otherwise, the CHF usually performs.

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USD/CHF capped again by 1.0025, retreats below parity

Swiss Franc flat versus US Dollar, down against its European rivals. Another weak economic report from the US keeps the Greenback and markets under pressure. The USD/CHF pair again was capped by the 1.0025/30 area and pulled back. Near the end of the session it is hovering around 0.9980/85 after falling to 0.9950.

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USD/CHF technical analysis: Bulls await upside break of 61.8 percent Fibo.

USD/CHF stays positive above 200-day SMA, 50% Fibonacci retracement. A sustained run-up beyond 61.8% Fibonacci retracement can aim for late-May highs. Despite successfully trading above key support confluence, the USD/CHF pair fails to provide a daily closing above 61.8% Fibonacci retracement of April-August downpour.

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USD/CHF technical analysis: Another attempt to defy 2-month-old rising wedge resistance

USD/CHF again aims to break two-month long rising trend-line, part of a bearish technical formation. Bullish MACD can trigger an uptick to 61.8% Fibonacci retracement. Sustained trading above 0.9948/50 confluence again propels USD/CHF to confront near-term key resistance-line while taking the bids to 0.9988 amid Tuesday’s Asian session.

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USD/CHF technical analysis: Positive above multi-week old rising trend-line, 200-bar SMA

USD/CHF clings to 23.6% Fibonacci retracement amid bearish MACD. The rising trend-line since mid-August, 200-bar SMA limits downside. The seven-day long falling trend-line restricts immediate advances. Despite being mostly around 23.6% Fibonacci retracement of August-September upside, USD/CHF stays above key support-confluence as it trades near 0.9910 while heading into the European open on Monday.

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USD/CHF technical analysis: Bulls trying to defend multi-week old ascending trend-channel

Fading safe-haven demand undermined the CHF demand and extended some support. Bears await a sustained weakness below short-term ascending channel support. The USD/CHF pair struggled to register any meaningful recovery and remained well within the striking distance of near three-week lows set in the previous session, coinciding with the lower end of a multi-week-old ascending trend-channel.

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USD/CHF technical analysis: Bounces off 50-day SMA, eyes on Swiss ZEW data, SNB bulletin

USD/CHF takes a U-turn towards 38.2% Fibonacci retracement, 0.9950 resistance confluence. Sustained break of 50-DMA can recall 0.9800 on the chart. September month Swiss ZEW Expectations and SNB’s Q3 Bulletin in the spotlight. With its recent recovery from the 50-day simple moving average (SMA), the USD/CHF pair takes the bids to 0.9875 while heading into the European session on Wednesday.

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USD/CHF consolidates gains above 0.9900, limited by 0.9950

US Dollar rises versus Swiss Franc for the second-day in-a-row. USD/CHF testing key 200-day simple moving average and 0.9950. The USD/CHF rose on Thursday, holding firm above 0.9900. The pair peaked on European hours at 0.9947 and then pulled back finding support at 0.9900. The bounced back to the upside unable to challenge daily highs and is trading at 0.9930.

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USD/CHF technical analysis: 1-week-old resistance-line, 23.6 percent Fibo. limits nearby upside

USD/CHF pulls back from a multi-day high, stays above 200-bar SMA. Trend-positive RSI increases the odds of upside. Despite bouncing off 200-bar simple moving average (SMA), USD/CHF fails to cross near-term key resistances as it trades around 0.9915 while heading into the European session open on Thursday.

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CHF: Possible reversal? – Deutsche Bank

Deutsche bank analysts suggest that at current spot levels, risk-reward favours longs in EUR/CHF. “While Brexit and trade war outcomes look like coin tosses, the impact is likely to be asymmetric as the SNB caps the left tail. While a relief rally would be fully accommodated, they would likely intervene heavily and cut the policy rate in the event of no deal.”

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USD/CHF technical analysis: Bull in control above 21-day EMA, short-term rising support-line

USD/CHF remains modestly changed above 13-day-old rising trend-line, 21-day EMA. An ascending trend-line from August 13 adds to the support. August month top, 61.8% Fibonacci retracement level challenge buyers. The USD/CHF pair’s failure to provide a decisive break above August high seems to not disappoint buyers, even for short-term, unless the quote trades below key support-confluence.

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EUR/CHF risk reversals hit highest since May on call demand

EUR/CHF risk reversals have jumped to the levels last seen in May. Risk reversals indicate the demand for call options is rising. Risk reversals on EUR/CHF (EURCHF1MRR), a gauge of calls to put, jumped to the highest level since May on Friday, indicating the investors are adding bets to position for a rally in the common currency.

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AUD/CHF technical analysis: Bears looking for a run to a 50 percent mean reversion

AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement for a 50% reversion. A subsequent pull-back, however, to the resistance and another sell-off will likely make for a high probability set up. AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement of the August lows to September highs, located at 0.6715, and target the 50% retracement at 0.6674 (meeting the 2019 lows) should the markets...

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USD/CHF technical analysis: 4H 100MA, 2-week-old support-zone limit immediate declines

USD/CHF extends Thursday’s downpour, nears short-term key supports. An upside break of 0.9985 could recall June month highs. Given the failure to rise past-0.9980/85 area, USD/CHF carries the previous day’s declines while trading around 0.9913 ahead of the Europe markets open on Friday.

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USD/CHF technical analysis: 0.9950 to question buyers inside a rising wedge

USD/CHF takes the bids inside a six-week-old rising wedge bearish formation. 200-DMA, 50% Fibonacci retracement could restrict immediate upside. 0.9880 becomes the key support. Despite the recent rise, USD/CHF trades below the confluence of 200-day simple moving average (DMA) and 50% Fibonacci retracement of April-August declines, close to 0.9940, while heading into the European session on Wednesday.

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CHF/JPY: Eyes on central banks and geopolitics

This week the BoJ will hold its regular policy meeting. Global uncertainty, linked to the trade war and Brexit, has strengthened the value of the Swiss franc and Yen. CHF/JPY is struggling to maintain the upside as the Yen picks up a safe haven bid, anchored on geopolitical developments following a textbook risk-off response in global financial markets following the strike on Saudi Arabia’s oil facilities over the weekend.

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EUR/JPY rallies the hardest vs EUR/CHF as CHF/JPY spikes following ECB

EUR/JPY rallies hard following hawkish ECB cut and trade war optimism. EUR/JPY tracking positive sentiment in financial and commodity markets. While the trade war tensions seem to be easing, with stocks climbing and risk appetite returning in droves to financial and commodity markets, EUR/JPY is up 0.79% on the US session so far following what has been perceived as a hawkish rate cut from the European Central Bank earlier today.

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USD/CHF technical analysis: 0.9890 is the level to beat for sellers

USD/CHF fails to sustain the bounce off key support-confluence including 200-HMA and 38.2% Fibonacci retracement. A downside break highlights the 61.8% Fibonacci retracement level while 200-DMA caps the upside. Failures to sustain the bounce off 200-hour moving average (HMA) and 38.2% Fibonacci retracement of latest run-up drag the USD/CHF back to the key support-confluence while taking rounds to 0.9900 ahead of Friday’s European open.

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EUR/CHF technical analysis: Break out or fake out?

The cross needs to hold above the 1.0970s and beyond the 25th July swing lows. To the downside, a break back below the prior descending resistance will spell bad news for the bulls. EUR/CHF has been running higher of late, despite the onset of the European Central Bank - a possible buy the rumour sell the fact scenario as the less committed euro shorts are squeezed.

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