Category Archive: 1.) FXStreet on SNB&CHF

USD/CHF Technical Analysis: Forms bearish flag on hourly chart

USD/CHF sellers await confirmation of the bearish technical pattern. 200-hour EMA limits immediate upside. Following its heavy declines on Monday, USD/CHF trades near 0.9880 while heading into the European session on Tuesday. The pair forms a bearish flag on the hourly chart while staying near the pattern support by the press time.

Read More »

USD/CHF Technical Analysis: Sluggish below 100-DMA, 38.2 percent Fibonacci

USD/CHF declines for the second consecutive day. 50% Fibonacci retracement, October low could challenge sellers. An upside break of 0.9890 highlights 200-DMA, 23.6% Fibonacci retracement. USD/CHF extends the recent pullback while flashing 0.9870 as a quote during early Friday. The pair recently pulled back from 100-Day Simple Moving Average (DMA) and 38.2% Fibonacci retracement of August-October rise.

Read More »

USD/CHF Technical Analysis: 38.2 percent Fibonacci, 200-DMA doubt pullback from monthly low

USD/CHF recovers from four weeks’ low. 50% Fibonacci retracement level, October bottom restrict further downside. 200-DMA breakout will again highlight 1.0000 psychological magnet. USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The quote dropped to the lowest since early November on Tuesday but pulls back off-late.

Read More »

USD/CHF hammered down to sub-0.9900 levels, 2-week lows

USD/CHF lost some additional ground for the second straight session on Tuesday. A subdued USD demand, stability in equity markets did little to provide any respite. Trump’s latest remarks opened the room for a further intraday depreciating move. The USD/CHF pair witnessed some follow-through selling on Tuesday and dropped to near two-week lows, below the 0.9900 handle in the last hour.

Read More »

USD/CHF ignores doubts over phase-one deal, stays around two-month high

USD/CHF focuses more on China’s official PMI-led optimism that the US-China tussle. A few second-tier Swiss data can offer intermediate moves ahead of the US statistics. Trade/political news will continue driving the markets in the case of strong headlines. With the most Asian markets up for Monday’s trading session, USD/CHF takes the bids to 1.0005 despite Axios conveying the news of delays in the US-China trade deal.

Read More »

USD/CHF Technical Analysis: Sellers focused on spinning top near multi-week high

USD/CHF declines after registering a bearish candlestick formation the previous day. Buyers look for sustained trading beyond 1.0000 psychological magnet. 200-day SMA can please sellers during further downside. USD/CHF drops to 0.9985 during the early trading session on Friday. That said, the pair formed a bearish “Spinning Top” candlestick formation while taking a U-turn from 1.0000 round-figure. Considering the pair’s repeated failures to...

Read More »

USD/CHF holds on to recovery gains ahead of Swiss ZEW numbers

USD/CHF takes the bids around monthly high. Optimism surrounding the US-China trade deal, global economy confront nearness to data. The US data, trade/political headlines could drive markets afterward. USD/CHF respects the previous day’s Doji formation, coupled with upbeat fundamentals, while taking the bids to 0.9980 ahead of Wednesday’s European session.

Read More »

USD/CHF Technical Analysis: 61.8 percent Fibo. on seller’s radar

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.

Read More »

USD/CHF Technical Analysis: Immediate support trendline, 200-day SMA limit nearby declines

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.

Read More »

USD/CHF Technical Analysis: 200-day SMA, 7-week-old trendline cap rise to 8-day high

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.

Read More »

USD/CHF Technical Analysis: 5-week-old triangle can limit declines below 200-bar SMA

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.

Read More »

USD/CHF Technical Analysis: 100-day SMA becomes a tough nut to crack for sellers

USD/CHF takes another U-turn from 100-day SMA, takes the bids above 38.2% Fibonacci retracement. 61.8% Fibonacci retracement acts as the key support while 200-day SMA holds the pair’s recovery confined. Following its bounce off 100-day SMA, USD/CHF rises past-38.2% Fibonacci retracement of August-October upside while taking the bids to 0.9900 by the press time ahead of the European session on Monday.

Read More »

USD/CHF technical analysis: Bulls struggle to extend the recovery beyond 0.9900 handle

Renewed US-China trade optimism helped regain some traction. The uptick lacked bullish conviction and warrants some caution. The USD/CHF pair stalled its recent pullback from levels beyond 200-day SMA and regained some traction on the last trading day of the week. Renewed trade optimism weighed on the Swiss franc's safe-haven status and led to a modest recovery, though bulls struggled to extend the momentum beyond the 0.9900 handle. 

Read More »

USD/CHF technical analysis: Greenback loses steam against Swissy, trades near 0.9930 level

USD/CHF erased its intraday gains, settling near the 0.9930 level. Support is seen at the 0.9920 level. On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The spot is holding just above the 50 SMA today at the 0.9921 level. 

Read More »

USD/CHF Technical Analysis: Confronts immediate resistance confluence

The USD/CHF pair’s recent recovery confronts 100-HMA, adjacent resistance line. 38.2% Fibonacci retracement, 0.9900 act as nearby supports. Following its bounce off 38.2% Fibonacci retracement of the current month upside, USD/CHF confronts near-term key resistance confluence while taking the bids to 0.9942 during early Tuesday.

Read More »

USD/CHF Technical Analysis: Positive beyond 200-day SMA, 50 percent Fibo.

USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement. A downside break of 0.9948 could recall 0.9900 on the chart. Bullish MACD keeps buyers hopeful. The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour.

Read More »

USD/CHF extends rally to 0.9975, highest since mid-October

Swiss Franc amid the worst performers on Thursday amid positive trade headlines. US dollar rises supported by higher US yields; Wall Street hits a new record. The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of the session, it is consolidating gains, holding above relevant short-term technical levels. 

Read More »

USD/CHF technical analysis: Greenback hanging near the November highs against CHF

USD/CHF is trading flat on the day, consolidating the gains of the last two days. The level to beat for bulls is the 0.9940/0.9956 resistance zone. On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The market is holding just above the 50 SMA today at the 0.9916 level. 

Read More »

USD/CHF remains above 100-day SMA as bulls cheer risk-on, USD strength

USD/CHF holds on to recovery gains above 100-day SMA amid increasing hopes of the US-China trade deal. Comments from Fed’s Daly add to the pair’s strength. The US PMIs, JOLTS Job Openings to decorate the economic calendar while trade/Brexit headlines will mostly drive risk-tone.

Read More »

USD/CHF technical analysis: Repeated bounces off 50 percent Fibo. keeps bullish bias intact

USD/CHF nears 100-day SMA amid yet another bounce off 50% Fibonacci retracement. 61.8% of Fibonacci retracement adds support to the downside. With its yet another bounce off 50% Fibonacci retracement of August-October advances, USD/CHF nears 100-day Simple Moving Average (SMA) while taking the bids to 0.9865 amid initial trading on Monday.

Read More »
Page 11234