Swiss National Bank estimates it’ll record $143 billion loss
The Swiss National Bank on Monday estimated it will lose 132 billion francs ($143 billion) for 2022, reportedly the largest in its history. The central bank, which unlike most others is an active investor in stock markets, said it’s estimating a 131 billion franc loss on foreign currency positions, and a 1 billion loss on […]
USDCHF falls below its 100 hour MA
The USDCHF opened the week below the 100 hour MA (blue line in the chart above). On Tuesday, the price soared higher reaching the 50% of the move down from the November 21 high. That level comes in at 0.93988. On Wednesday, the price tumbled back down and in the process moved briefly back below […]
USDCHF: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 USDCHF: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 0.9192 with a target of 0.9550 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9192 will allow the pair to continue declining to the levels of 0.9087 […]
Finished the week positive, though fell beneath 0.9270s
Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. If the USD/CHF reclaims 0.9300, that could pave the way to 0.9400. The USD/CHF plunged after hitting fresh weekly highs around 0.9408, plummeting beneath the […]