|Day's Range||1.15 - 1.151|
|52 Week Range||1.1394 - 1.1513|
The Backstory Tensions have been recently rising in Spain, particularly in the run-up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it. The day of the referendum was a particularly eventful one, as the Spanish government tried hard to prevent it … Continue reading Will the Catalonia Effect Sink the EUR?
The USD/CHF pair bounced above 0.9669 the barrier as the downside attempts were repeatedly contained by strong support provided by top of thickening four-hour cloud reinforced by rising 50SMA. Near term techs regained bullish momentum on fresh rally, with probe above important 0.9698 resistance zone expected to generate fresh bullish signal on firm break above … Continue reading Morning Market Update – USD/CHF
USD/CHF Having failed to surpass a month-old descending trend-line, at 0.9645 now, the USDCHF now tests an immediate upward slanting TL support of 0.9590, break of which could quickly drag it to 0.9560 and the 0.9525 rest-points. Given the pair continue declining after 0.9525, the 0.9480 and the 0.9450 might offer intermediate halts during its … Continue reading Technical Update For Important CHF Pairs: 20.09.2017
USD/CHF While a short-term “Falling-Wedge” continues offering frequent bounces to the USDCHF, chances of the pair’s pullback from more than a week’s low towards 0.9555 and then to the formation resistance-line of 0.9585 seem brighter. However, break of 0.9585 will confirm an immediate bullish chart pattern and may activate the quote’s up-moves in direction to … Continue reading Technical Checks For Important CHF Pairs: 07.09.2017
The Euro is certain to see significant volatility today as ECB President Mario Draghi speaks. Traders must be ready for reversals on technically driven positions. Traders need to be alert during the ECB Press Conference. Mario Draghi Effect Traders of the Euro must be prepared for a challenging day of trading. European Central Bank President … Continue reading Dangerous Day Ahead for Euro as All Eyes on the ECB
USD/CHF Considering the USDCHF’s latest recovery from 0.9427, which helped it surpass immediate TL resistance, the pair seems capable enough to challenge the intermediate trend-line figure of 0.9715, immediately followed by 100-day SMA level of 0.9730. Given the pair’s capacity to extend its up-moves beyond 0.9730, the 0.9775, the 0.9805 and the 0.9860 may entertain … Continue reading Technical Overview of USD/CHF, EUR/CHF, AUD/CHF & NZD/CHF: 31.08.2017
The Euro has remained under pressure the past two day. After attaining new highs, the Euro has lost value against the U.S Dollar rapidly and may continue to face headwinds the next two days as technical traders take advantage of its short-term range. Range Proving Rough for Euro Traders The Euro has taken traders on … Continue reading Euro Roller Coaster Ride Scaring Traders
The Euro has been one of the star performers of 2017. We will now try to determine its main drivers of strength, as well as its potential outlook going forward. Drivers of Strength Euro sentiment had been on the bearish side for a prolonged period of time. This was due to a combination of factors … Continue reading Is the Euro’s 2017 Rally sustainable?
Investing.com - The Swiss franc and the yen eased on Thursday but remained supported after surging in the previous session as heightened tensions between the U.S. and North Korea sparked a flight to safety.
Investing.com - The traditional safe haven Swiss franc jumped higher against the dollar and the euro on Wednesday as heightened tensions on the Korean peninsula prompted risk-off trade.
EUR/CHF exchange rate is exploding higher, making a 4.5 Percent Move over the last six Trading days. Usually, such price action involves significant announcements by central banks or a big surprise in new economic data readings. However, the facts are already known for a while. The divergence between central Banks Monetary policy, interest rates and … Continue reading EUR/CHF – Fireworks and Long Term Perspective
Investing.com - The U.S. dollar edged higher against the Swiss franc on Thursday, after the Swiss National Bank left interest rates on hold and said the local currency was still "significantly overvalued."
Investing.com - The Swiss National Bank left its benchmark interest rate unchanged at record-low levels and reiterated that it is still prepared to take further action to weaken the franc, it announced on Thursday.