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EURCHF

Analysis

Analysis - 2 weeks agoNeutral

EURCHF trades in a tight rangeThe medium-term bearish trend is still validMomentum indicators prepare for the next leg EURCHF is edging higher today, testing the resistance set by both the 0.9394-0.9403 area and the May 27, 2024 downward slopping trendline. EURCHF has been trading in a tight range over the past few sessions, inside the developing contracting triangle pattern, as the bulls have failed to materially benefit from a barrage of positive euro area data.This reduced volatility is ref
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Analysis - 1 month agoNeutral

EURCHF continues to trade in a tight rangeThe medium-term bearish trend is still validMomentum indicators prepare for the next key moveEURCHF is trading slightly higher today, a tad below the busy 0.9403-0.9423 area. EURCHF has actually been range-trading over the past few sessions, but it has managed the break below the developing contracting triangle.
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Analysis - 1 month agoNeutral

EURCHF is in the green, back inside the developing patternThe medium-term downward trend is still in placeMomentum indicators remain inconclusiveEURCHF is trading higher again today, a tad below the busy 0.9403-0.9423 area. Last week’s break below the lower trendline of the developing contracting triangle proved premature, as EURCHF quickly returned inside this pattern.
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Analysis - 2 months agoNeutral

EURCHF is in the red today, after three green sessionsThe medium-term downward trend is still in placeMomentum indicators remain inconclusiveEURCHF is trading lower today, a tad below the September 26, 2022 low at 0.9403, and partly reversing the last three sessions’ upleg. The 50-day simple moving average (SMA) is acting as strong resistance with EURCHF continuing to move inside the contracting triangle pattern.
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Analysis - 2 months agoNeutral

EURCHF is in the green today, a tad below its 50-day SMAThe prevailing downward trend is still firmly in placeMomentum indicators are inconclusive at this stage EURCHF is trading higher, above the September 26, 2022 low at 0.9403 but a tad below the 50-day simple moving average (SMA). The bearish trend from the May 27, 2024 peak remains in place and has yet to be challenged.
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Analysis - 2 months agoNeutral

Central banks easing: the race to the bottom has officially commenced

Fed to lead the easing spree in the fourth quarter of 2024A conservative approach is priced in for ECB and BoESNB, BoC and RBNZ to ease further; RBA could follow suitBoJ could surprise with another rate hike by year-end More rate cuts on the way in the fourth quarter of 2024Another round of central banks’ meetings has been completed with the Fed stealing the show by announcing the start of its easing cycle.
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Analysis - 2 months agoNeutral

Daily Comment – Dollar bounces back as stocks lifted from more Chinese stimulus

US dollar rebounds ahead of Powell and other Fed speakersUS futures also turn positive as Asian rally continues on China optimismSNB cuts rates by 25 bps as expected as ECB mulls October cutDovish Fed bets can’t keep the dollar downThe US dollar is holding firm on Thursday after bouncing back strongly on Wednesday to recoup some of its post-Fed losses.
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Analysis - 2 months agoNeutral

EURCHF edges lower after weak euro area PMI surveys The prevailing downward trend is still firmly in place Momentum indicators tentatively acknowledge the recent rally EURCHF is trading lower today after failing to overcome the resistance set by the 50-day simple moving average (SMA), and it is now threatening the recent rally. This bullish move that started the day before the recent ECB meeting might still have legs, and it could receive a significant boost by another SNB rate cu
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Analysis - 2 months ago

Week Ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap

SNB is expected to ease for third time; might cut by 50bps RBA to hold rates but could turn less hawkish as CPI falls After inaugural Fed cut, attention turns to PCE inflation September flash PMIs to do the rounds; spotlight on euro area SNB to keep trimming as strong franc bites The Swiss National Bank (SNB) will be the final major central bank to announce its policy decision in September.
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Analysis - 2 months agoBearish

EURCHF flirts with 0.9350 support Stochastics and RSI suggest upside move EURCHF has lost around 2.6% following the pullback from the 0.9580 resistance level, holding well below the descending trend line. The 0.9350 level looks to be a tough obstacle for traders, with the technical oscillators indicating a potential upside recovery. The stochastic is turning higher from the oversold area, while the RSI is ticking higher beneath the neutral threshold of 50. If the price rises further
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Analysis - 3 months ago

EURCHF edges higher, tests a strong resistance level The recent downward trend is still in place Momentum indicators confirm the prevailing bearish pressure EURCHF is trading higher today, testing the resistance set by the September 26, 2022 low at 0.9403 as the bulls are trying to counter the continued downward pressure that resulted in the all-time low of 0.9209 recorded on August 5. Market participants are potentially preparing for Tuesday’s inflation report from Switzerland,
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Analysis - 3 months agoBullish

EURCHF fails to extend above 200-day SMA Momentum oscillators indicate bearish retracement EURCHF has declined after touching the 0.9580 resistance level, which stands around the bearish crossover within the 50- and 200-day simple moving averages (SMAs), but today it is still leaving the door open for more gains. The recovery from the record low of 0.9210 is still in place; however, the technical oscillators are suggesting a bearish wave.
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Analysis - 4 months agoBearish

EURCHF tumbles to a fresh 1-month bottom But the price finds its feet at the 61.8% Fibo Momentum indicators are heavily skewed to the downside   EURCHF has been undergoing a strong pullback following its rejection around 0.9796, which is the 23.6% Fibonacci retracement of the 0.9252-0.9928 upleg. Although the pair managed to pause its retreat at the 61.8% Fibo of 0.9510, its rebound is being held down by the 200-day simple moving average (SMA).
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Analysis - 4 months agoNeutral

Technical Analysis – EURCHF hovers around 38.2% Fibo

EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative   EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a month last Monday. However, the pair experienced a strong pullback following its rejection around 0.9796, which is the 23.6% Fibonacci retracement of the 0.9252-0.9928 upleg.
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Analysis - 5 months agoNeutral

Technical Analysis – EURCHF gets rejected at 50-day SMA

EURCHF was rebounding strongly from 4-month low But its advance came to a halt at the 50-day SMA Oscillators are cautiouslytilted to the bullish side   EURCHF has been in a steep recovery since mid-June, attempting to erase the aggresive slide from its 2024 peak. However, the rebound seems to have been on hold in the past couple of sessions after the 50-day simple moving average (SMA) prevented further advances.
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Analysis - 5 months agoBullish

EURCHF recovers strongly from 4-month low Decisive break above 200-day SMA boosts rebound Momentum indicators improve significantly   EURCHF has been in a steep recovery in the past few sessions, attempting to erase the slide from its 2024 peak. Moreover, the advance accelerated following the break above the 200-day simple moving average (SMA), with the bulls now eyeing the 50-day SMA.
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Analysis - 5 months agoNeutral

EURCHF bounces off 4-month low of 0.9476 But the 200-day SMA curbs the pair’s rebound Momentum indicators improve but still negatively tilted   EURCHF has been in a steep decline since the beginning of June, shedding almost half of its 2024 gains. In the near term, although the pair found its feet at the four-month low of 0.9476, the 200-day simple moving average (SMA) has prevented further advances for now.
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Analysis - 5 months ago

Market Comment – Fedspeak and US data could prop up the dollar

Back in action with a full US data calendar and Fedspeak BoE meets but unlikely to produce headlines SNB cuts rates and remains willing to intervene in FX markets Yen underperforms as Japanese officials remain quiet Dollar remains on the back foot The rare mid-week day-off in the US is over with the market mostly preparing for tomorrow’s key release of the preliminary PMI surveys, which are critical for the euro area.
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Analysis - 5 months agoNeutral

Technical Analysis – Does the EURCHF correction have legs?

EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut. This pair is currently trading at a 4-month low, around 4% lower than the recent May 27 peak, and on Friday it managed to successfully break through a strong support area.
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Analysis - 5 months agoBearish

EURCHF holds beneath uptrend line 200-day SMA acts as strong support level MACD and RSI indicate more losses EURUSD is on course for further losses after the bearish move to an almost two-month low of 0.9624 on Monday. The sharp sell-off, especially in the previous week, has shifted the near-term bias from bullish to neutral, and if there is a plunge beneath the 200-day simple moving average (SMA) at 0.9595, that  could change the outlook to strongly negative.
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