SNB Sight Deposits: increased by 4.4 billion francs compared to the previous week
2025-03-18
The sight deposits at the SNB increased by 4.4 billion francs compared to the previous week.
USD/CHF Price Forecast: Trades sideways below 0.8850
2024-11-21
USD/CHF trades in a tight range below 0.8850 as investors seek fresh Fed interest rate cues. Donald Trump’s economic agenda will be inflationary for the US economy. Investors await flash US S&P Global PMI for November and SNB Schlegel’s speech, which are scheduled for Friday.
USD/CHF Price Forecast: Reaches overbought levels
2024-11-15
USD/CHF is in a strong uptrend which keeps making higher highs.
However it has reached overbought levels according to the RSI momentum indicator
This means bulls should be aware of the increased risk of pullbacks.
USD/CHF continues rising in its established uptrend but it has now reached overbought levels (above 70) according to the Relative Strength Index (RSI) momentum indicator. When this occurs it advises long-holders not to add to their positions because of the increased risk of a pullback developing.
USD/CHF Daily Chart
According to technical analysis theory “the trend is your friend” which means it is better to trade in the direction of the dominant trend. As such, the odds favor more upside for USD/CHF. The RSI could continue to remain overbought or
EUR/CHF Price Forecast: Attempting a bearish breakout from a Triangle pattern
2024-11-12
EUR/CHF is trying to break out of a Triangle pattern.
If it succeeds it will probably lead to further downside towards the price objective for the pattern.
EUR/CHF is attempting to break out of a Triangle pattern it has formed over the last three months (see chart below).
EUR/CHF Daily Chart
A bearish close on Tuesday will indicate a decisive breakout has happened and suggest the start of a likely strong decline.
The market activity prior to the formation of the Triangle (Since May 27) further tips the odds in favor of a downside evolution.
If EUR/CHF breaks below the 0.9307 level (September 11 lows) it will further confirm an authentic bearish breakout, with the next target to the downside at 0.9132, the 61.8% Fibonacci extrapolation of the height of the