Recovery remains elusive below 0.9255-60 hurdle
USD/CHF picks up bids to extend the previous day’s rebound from weekly low. Convergence of 200-SMA, support-turned-resistance line and a descending trend line from early January appears tough nut to crack for bulls. Impending bull cross on MACD, sustained bounce off 23.6% Fibonacci retracement suggest further recovery. USD/CHF grinds higher past 0.9200, mildly bid while […]
How to get jackpot on combined analysis of BTCUSD, XAUUSD, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF ?! – Charts – 20 January 2023
Here you can find that several major currency pairs have strong ties to shape global market movements. Apart from that, the popularity of these pairs has a very large transaction volume. Has the ability to trigger reversals and trends. Then, how do you get the jackpot? Okay..okay.. actually the topic above is more precisely “the […]
USDCHF: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
2023.01.20 2023.01.20 USDCHF: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 0.9355 with a target of 0.9025 – 0.8925. Alternative scenario: breakout and consolidation above the level of 0.9355 will allow the pair to continue rising to the levels of 0.9550 […]
USD/CHF rises to two-day highs near 0.9250
Swiss Franc among worst performers on Friday. USD/CHF heads for weekly loss, but off lows. EUR/CHF extends rebound, approaches parity. The USD/CHF is up on Friday, but still down for the week. The pair surged to 0.9234, hitting the highest level in two days and then pulled back toward 0.9200, amid a weaker US Dollar. […]
Absolute priority should be to bring inflation down to price stability level
Swiss National Bank (SNB) Chairman Thomas Jordan said in a scheduled speech on Friday, “absolute priority should be to bring inflation down to price stability level.” Additional quotes “We should not underestimate second-round effects of inflation.” “Firms are not hesitating to increase prices, not easy to bring inflation back to 2%.” “Once inflation is high, […]
Bounces off 14-month low but stays on the bear’s radar below 0.9200
USD/CHF consolidates recent losses around the lowest levels since November 2021. A two-month-old bearish channel, downbeat oscillators keep sellers hopeful. Bear cross, clear downside break of key ascending trend line adds strength to the bearish bias. Recovery remains elusive unless the quote stays below 200-DMA. USD/CHF picks up bids to lick its wounds around the […]
Spring below 0.9200 pushes back inside the woods
The formation of a Spring has pushed the asset inside the woods. A stretched consolidation after a bearish bias indicates inventory accumulation for a bullish reversal. Overlapping 20-EMA with the asset price is indicating a consolidation ahead. The USD/CHF pair is displaying topsy-turvy moves in the early Tokyo session as the upside in the asset […]
USDCHF returns to the 100 hour MA, low for the day, and swing area
USDCHF moves down to retest swing, 100H MA and earlier low For the USDCHF, looking at the hourly chart, the price has seen up and down trading today. The high just an hour or so ago, was back up testing the high from earlier in the day, but held. The subsequent move lower has rotated […]
USD/CHF shifts negative and drops toward 0.9260 on soft USD
USD/CHF retraced earlier gains after printing a daily high of 0.9316. Upbeat US economic data is bad for the greenback as the US Dollar weakens. USD/CHF Price Analysis: A break / daily close below 0.9300 would expose the pair to further selling pressure. The USD/CHF is trading below its opening price, though it failed to […]
USDCHF: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 USDCHF: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 0.9161 with a target of 0.9550 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9161 will allow the pair to continue declining to the levels of 0.9087 […]