USDCHF

Technical Analysis – USDCHF moves towards upper level of ascending triangle

Posted on April 18, 2019 at 9:21 am GMT

USDCHF is edging higher after the rebound on the 0.9890 support and the 23.6% Fibonacci retracement level of the upleg from 0.9185 to 1.0130, around 0.9900 and is moving towards the strong resistance obstacle of the ascending triangle, which has been holding since September 2018. The 20- and 40-day simple moving averages (SMAs) are ready for a bullish crossover, confirming the recent upward movement. Technically, the MACD oscillator is strengthening its momentum above the trigger and zero lines, however, the [..]

Technical Analysis – USDCHF continues bullish action in short and long terms

Posted on April 9, 2019 at 11:45 am GMT

USDCHF is heading upwards after it posted a strong rebound on the 23.6% Fibonacci retracement level of the upleg from 0.9185 to 1.0130 around the 0.9900 psychological level. Technically, the red Tenkan-sen line is pointing north, indicating a bullish action, however, the RSI is moving near the neutral threshold of 50. Immediate resistance is coming from the 40-simple moving averages (SMA) currently around 1.0000, which is standing near the upper surface of the Ichimoku cloud. A jump above these lines could shift traders’ eyes at the 20-month [..]

Technical Analysis – USDCHF rebounds on 0.99 level; neutral in medium term

Posted on March 28, 2019 at 12:15 pm GMT

USDCHF is advancing after it found a strong rebound on the 23.6% Fibonacci retracement level of the upleg from 0.9185 to 1.0130 around the 0.9900 psychological level. Technically, the red Tenkan-sen line is pointing downwards, indicating a bearish retracement, however, the RSI is moving towards the neutral threshold of 50. Also, the MACD oscillator is moving slightly higher in the negative territory in the daily timeframe. Immediate resistance is coming from the 20- and 40-simple moving averages (SMAs) currently around 1.0004, which are [..]

European Open Preview – Dollar reels as Fed abandons hikes; BoE decides

Posted on March 21, 2019 at 9:08 am GMT

Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was no change in policy, as expected, but the officials revised down their rate projections in the famous ‘dot plot’ quite significantly, to the point that [..]

SNB: Staying dovish, preventing franc strength – Forex News Preview

Posted on March 19, 2019 at 3:18 pm GMT

The Swiss National Bank (SNB) is expected to keep its policy rates unchanged at the lowest level globally when it announces its decision on Thursday, at 0830 GMT. Domestic data are lackluster, Switzerland’s main export markets are slowing, and most importantly, the ECB turned dovish lately. Combined, these imply the SNB will probably retain an ultra-dovish tone. While such signals would argue for a slow grind lower in the franc, any risk-off global incident could trigger episodes of sudden appreciation [..]

Week ahead – Fed, BoE, and SNB policy meetings highlight a packed agenda

Posted on March 15, 2019 at 1:19 pm GMT

Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even more Brexit votes in the British Parliament. At the same time, almost every major economy will see the release of data that could be decisive for their respective currencies, particularly considering the synchronized shift by central banks towards a more ‘cautious’ stance lately. Fed decides: All eyes on the new ‘dots’ Arguably the main event in [..]

Technical Analysis – USDCHF advances with strong momentum in short-term

Posted on March 7, 2019 at 2:36 pm GMT

USDCHF has come under renewed buying interest over the last four days and today is still increasing its positive momentum. Technically, the red Tenkan-sen line is pointing upwards, indicating a bullish move, while the RSI is aggressively moving towards the overbought zone. However, the MACD oscillator posted a crossover to the upside with its trigger line in the short term. Immediate resistance is coming from the 1.0097 barrier, taken from the latest highs, while the 20-month peak of 1.0130 could be the next obstacle to look for. A [..]

European Open Preview – Stocks retreat as trade optimism fades, growth concerns return

Posted on February 28, 2019 at 9:17 am GMT

Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off mood prevails amid geopolitical and trade risks, soft Chinese data US equity markets closed with modest losses on Wednesday and futures suggest they may be headed for even more pain today, amid several risks [..]

Technical Analysis – USDCHF edges higher; bullish phase remains intact

Posted on February 15, 2019 at 12:17 pm GMT

USDCHF has moved considerably higher after the touch on the ascending trend line, recording a new three-month high of 1.0097 on Thursday. The price climbed well above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, while the RSI is sloping marginally up in the positive zone and the MACD oscillator is strengthening its momentum above the trigger and zero lines. Should the pair continue to head higher the next level to have in mind is the 20-month high of 1.0130, achieved [..]

European Open Preview – Dollar extends winning streak; franc suffers mini “flash crash”

Posted on February 11, 2019 at 9:07 am GMT

Dollar ticks up, stocks mixed as risk sentiment remains fragile Swiss franc had a mini “flash crash” overnight, amid thin liquidity conditions UK GDP data due today, but focus remains on Thursday’s Brexit vote in Parliament Dollar climbs, stocks steady as sentiment remains wobbly The dollar advanced for a 7th straight session against a basket of currencies on Friday, albeit only modestly, as investors sought the security of the world’s reserve currency amid concerns around the health of the global [..]

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