Tag Archives: USDCHF

USD/CHF Price Analysis: Surrenders the 200-DMA as sellers eye 0.9200

USD/CHF broke below the 200-DMA, ending the major’s upward bias. In the near term, the USD/CHF is neutral to downwards, but buyers reclaiming 0.9450 exerts upward pressure on the major. The USD/CHF stumbles for the sixth consecutive day and breaks support provided by the 200-DMA at 0.9427, shifting the major’s bias downwards, with sellers reclaiming… Read More »

USD/CHF Price Analysis: Stays pressured towards 0.9400, bears eye seven-month-old support

USD/CHF remains depressed at four-month low, sidelined of late. Clear downside break of the 200-DMA, descending support line from late May favor sellers. 61.8% Fibonacci retracement level adds to the immediate upside filters. USD/CHF licks its wounds at the lowest levels since mid-April, taking rounds to 0.9420-25 during Thursday’s Asian session. The Swiss currency (CHF)… Read More »

USD/CHF slides to over one-week low, below 0.9500 mark ahead of US consumer inflation

USD/CHF turns lower for the third straight day and drops to a one-week low on Wednesday. Modest USD weakness exerts pressure amid growing recession fears and US-China tensions. Investors might refrain from placing aggressive bets and wait for the crucial US CPI report. The USD/CHF pair attracts fresh selling near the 0.9545 region on Wednesday… Read More »

USD/CHF dribbles around mid-0.9500s as US inflation looms

USD/CHF picks up bids to reverse recent losses inside the daily trading range. US dollar traces yields ahead of the key CPI data amid recession woes, recently up hawkish Fed bets. Sluggish markets, light calendar amplified pre-data anxiety, equity futures stay indecisive. USD/CHF treads water around 0.9560, despite picking up bids ahead of Wednesday’s European… Read More »

USD/CHF Price Analysis: Lacks confidence above 0.9470-0.9500 demand zone

A Double Top formation near 200-EMA bolstered the downside gestures. Greenback bulls are lacking confidence above the demand zone placed around 0.9500. A drop below 40.00 by the RSI (14) will trigger the downside momentum. The USD/CHF pair is displaying topsy-turvy moves after dropping below the critical support of 0.9560 on Monday. Broadly, the asset… Read More »

USD/CHF Price Analysis: Bears remain hopeful of refreshing monthly low under 0.9500

USD/CHF fades corrective pullback from one-week bottom marked the previous day. Sustained break of short-term ascending trend line, bearish MACD signals favor sellers. Bulls need validation from the 200-SMA to retake control. USD/CHF remains depressed around 0.9550 amid a sluggish Asian session on Tuesday. Even so, the sellers remain hopeful while tracing a downside break… Read More »