USDCHF

Technical Analysis – USDCHF’s downside risks prevail below SMAs

Posted on December 23, 2020 at 4:11 pm GMT

USDCHF is closing in on the mid-Bollinger band at 0.8918 after improving from the recently formed near 71-month bottom of 0.8820. The pair remains dominated by a strong bearish stance, also being exhibited from the downward sloping simple moving averages (SMAs). However, the short-term oscillators are displaying a slight pickup in positive sentiment. The MACD, in the negative area, is increasing above its red trigger line, while the RSI is trying to sustain its push higher in bearish territory. Moreover, [..]

Daily Market Comment – Dollar edges up amid the wait for elusive stimulus and Brexit deals

Posted on December 18, 2020 at 10:01 am GMT

Dollar selling eases as caution creeps in, but still set for big weekly losses The long wait for deals in Washington and Brussels takes edge off risk rally Stocks mixed, some volatility may lie ahead Dollar bears pause for breath as Congress in race against time The US dollar was attempting to end its week-long losing streak on Friday as doubts about how soon a stimulus deal in Congress and a Brexit trade pact between the UK and EU can [..]

Technical Analysis – USDCHF tumbles to fresh 6-year low

Posted on December 17, 2020 at 9:19 am GMT

USDCHF looks to be strongly bearish after a decent pullback from the November 11 high, causing the pair to retreat towards an almost six-year low of 0.8825. The MACD currently reflects a stall in the negative momentum, in the negative area, suggesting a flattening mode, however, the RSI is weakening further in the bearish territory. That said, a bearish picture is currently displayed within the Ichimoku lines and all the SMAs. If sellers manage to close decisively below the six-year low of 0.8825, the price could move towards the February [..]

Technical Analysis – USDCHF retains bearish outlook with commanding MAs

Posted on December 10, 2020 at 2:38 pm GMT

USDCHF is weighing down on the lower Bollinger band located at the more than 5½-year low of 0.8870. The diving simple moving averages (SMAs) and their dictating bearish tone may boost risks to the downside. However, the short-term oscillators are displaying a slight pickup in positive momentum, despite bigger negative pressures. In the bearish territory, the MACD’s climb above its red trigger line looks to be easing a bit, while the RSI is rising in the bearish zone. Furthermore, the [..]

Technical Analysis – USDCHF sinks to 6-year low below 0.89

Posted on December 4, 2020 at 8:37 am GMT

USDCHF plummeted to an almost six-year low on Thursday, hitting the 0.8890 mark. The pair has been in a strong descending movement since March 20, with no clear upside retracement in the daily timeframe. The RSI is approaching the oversold territory, strengthening its bearish momentum, while the MACD is extending its negative structure beneath its trigger and zero lines. However, the Ichimoku lines and the 20- and 40-day simple moving averages (SMAs) seem to be somewhat flat despite the selling interest over [..]

Technical Analysis – USDCHF stands in descending channel in near term

Posted on November 26, 2020 at 2:21 pm GMT

Technical Analysis – USDCHF stands in descending channel in near term USDCHF registered losses for the second week in a row, dropping to a more than two-week low of 0.9063 today and near the lower surface of the downward sloping chanel. The RSI in the four-hour chart continues to lack direction in the bearish area, while the red Tenkan-sen keeps flattening below the blue Kijun-sen line, reducing chances for a meaningful recovery in the short-term horizon. However, should the price close comfortably above the 20- and 40-period simple moving averages (SMAs) traders could push the [..]

Technical Analysis – USDCHF range bound; directional momentum lost

Posted on November 12, 2020 at 4:19 pm GMT

USDCHF is currently stuck between the 50- and 100-day simple moving averages (SMAs) after paring last week’s losses, which pushed the price towards a fresh 69-month low of 0.8981. The price’s consolidating demeanour is endorsed by the flattening 50-day SMA, while the downward sloping 100- and 200-day SMAs are commanding a bearish bias. The short-term oscillators reflect weak sentiment despite the latest improvement in price. The MACD, marginally above its red signal line, has merely popped over the zero threshold, [..]

Technical Analysis – USDCHF range bound; directing momentum lost

Posted on November 12, 2020 at 3:44 pm GMT

USDCHF is currently stuck between the 50- and 100-day simple moving averages (SMAs) after paring last week’s losses, which declined the price towards a fresh 69-month low of 0.8981. The price’s consolidating demeanour is endorsed by the flattening 50-day SMA, while the downward sloping 100- and 200-day SMAs are commanding a bearish bias. The short-term oscillators reflect weak sentiment despite the latest improvement in price. The MACD, marginally above its red signal line, has merely popped over the zero threshold, [..]

Technical Analysis – USDCHF rebounds off 7-week low; negative in medium term

Posted on October 22, 2020 at 12:55 pm GMT

USDCHF has reversed from the seven-week low of 0.9029 after the strong bearish move since September 25. Further backing this short-term view are the Ichimoku lines and the upward slopes on the MACD oscillator which holds above its trigger line in the negative zone. However, for now the RSI and the 20- and 40-period simple moving averages (SMAs) are reflecting contradicting signals as all of them are pointing downwards. If buying interest picks up, early tough resistance could occur at [..]

Daily Market Comment – Stimulus deal moves closer; stocks cheer but dollar sags

Posted on October 21, 2020 at 8:58 am GMT

Talks continue on virus relief bill as Trump backs large stimulus Stocks rise but gains contained amid doubts about Republican support Dollar slumps to one-month low as euro soars, gold catches a bid too Markets anxiously await a stimulus deal Growing optimism that a bipartisan deal on a new coronavirus aid package in the United States is within reach lifted equities on Wednesday while investors dumped the safe-haven US dollar. Talks between House Speaker Nancy Pelosi and Treasury Secretary Steven [..]

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