USDCHF

Technical Analysis – USDCHF turns bullish

Posted on August 5, 2014 at 7:08 am GMT

USDCHF turned bullish after crossing above its 200-day moving average on July 15. The rally continued to a high of 0.9105 on July 30. The short-term bullish momentum remains positive as long as support at 0.9035 holds. This is the July 28 low. The break of resistance at 0.9105 will accelerate a move higher to target 0.9155, the January 19. On the daily chart, the tenkan-sen and kijun-sen are positively aligned and price action is above the Ichimoku cloud, adding [..]

Technical Analysis – USDCHF bullish bias

Posted on July 28, 2014 at 7:29 am GMT

A strong rally on Friday took USDCHF to a 5-month high of 0.9050. The pair broke key resistance at 0.9035 (June 5 high) signaling the resumption of the upside bias after rebounding from, 0.8855, which is now a key support level. RSI and MACD are bullish, also adding to the upside bias. Tenkan-sen and kijun-sen are positively aligned. The market is also above the 200-day moving average, favoring the bulls. Sustained trading above the June 5 high of 0.9035 [..]

Technical Analysis – USDCHF breaks below 200DMA

Posted on July 8, 2014 at 7:07 am GMT

USDCHF has fallen below the 200-day moving average, weakening the recent bullish market structure. The price is currently at 0.8935, capped just below the middle Bollinger Band line. After dipping into bearish territory, the RSI moved back up to just above the 50 line where it has paused for the past 4 days. The market is showing indecision at the moment. A daily close above the 200-day moving average will give scope for prices to resume it bullish momentum to [..]

Technical Analysis – USDCHF consolidates at 0.9000

Posted on June 16, 2014 at 9:00 am GMT

USDCHF has paused its recent rally from 0.8702 (May 8) to 0.9035 (June 5) and is consolidating in a range between 0.8959 and 0.9012 in the past 5 days. The short term trend is neutral although the daily RSI is in bullish territory as is the MACD. The tenkan-sen kijun-sen are positively aligned. These technical indicators support the upside bias for now. A daily close above the key 0.9000 level would give momentum for a push higher to target the [..]

Technical analysis – USDCHF 4-hourly chart shows downtrend and new lows for USD

Posted on October 24, 2013 at 8:21 am GMT

The Swiss franc is sometimes used as a proxy for the euro, although some traders prefer it as it is a traditionally a more defensive currency and benefits when risk appetite is negative. It appears from the 4-hourly chart that the US dollar is in a steep downtrend against the franc, trading at levels which represent 2-year lows. The uptrend in the USD that was in place during the first half of October broke down with the big downside move [..]

Forex News – USDCHF rebounds fromm 9-mth low

Posted on February 4, 2013 at 10:05 am GMT

The Swiss franc is trading lower against the dollar in early Monday European session trading. The USDCHF pair bounced back from a nine-month high hit during the Friday session when the dollar was boosted after some upbeat US economic data signalled improvements in the world’s largest economy. The Dow Jones also marked its best January performance since 1994 and the S&P 500 index had its strongest January advance since 1997. US data on Friday showed payrolls rose by 157,000 last [..]

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