USD/CHF Technical Analysis: a bearish double-top formation on H4

   •  The pair struggled to build on last week's move beyond a bullish flag and now seems to have formed a double top pattern on the 4-hourly chart.    •  A follow-through weakness below a previous strong hurdle now turned support, marked by 200-perio ...

USD/CHF positive while above 0.9875/72 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance should remain positive as long as it trades above the 0.9875/72 area. Key Quotes “USD/CHF has reversed from just below the psychological 1.0000 level and actually charted a key day reversal. I ...

USD/CHF plummets to 0.99 as US Dollar Index extends losses

Dismal data from the U.S. and falling T-bond yields pull the DXY lower. Risk aversion boosts the demand for safe-havens. SNB keeps the interest rate and policy unchanged. In the second half of the day, the greenback came under a heavy selling pressure and the US Dollar Index erased th ...

USD/CHF trims early gains, back around mid-0.9900s

   •  USD fails to preserve early gains despite better-than-expected current account data.    •  Resurgent US bond yields do little to revive the USD demand and lend any support.    •  Risk-on mood weighs on CHF’s safe-haven appea ...

USD/CHF looks consolidative for the time being – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair is now consolidating below the 1.0000 handle. Key Quotes “USD/CHF is consolidating just below the psychological 1.0000 level and pressure remains on the topside. Last week we saw the market recover off the 5 ...

USD/CHF loses bullish momentum as DXY slips on mixed US data

USD/CHF stays flat near mid-0.99s. DXY fails to break above the 95 mark. Wall Street set to open the day lower. The USD/CHF pair reached a daily high at 0.9980 ahead of the NA session and lost its bullish momentum to turn flat near mid-0.99s. Although the greenback strength helped the pai ...

USD/CHF eases to fresh session lows near 0.9950 on risk aversion

Markets started the week on a cautious tone. The US Dollar Index fails to recover back to the 95 mark. Risk perception is likely to stay as the primary driver in the remainder of the day. After staying relatively quiet during the Asian trading hours, the USD/CHF pair gained traction in th ...

USD/CHF keeps the positive outlook – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair’s outlook remains constructive for the time being. Key Quotes “USD/CHF’s outlook is positive. Last week we saw the market recover off the 55 day moving average at .9852 and break above the 20 day ma. Th ...

USD/CHF turns negative near 0.9950 as Wall Street slumps

USD/CHF reverses course before reaching parity. Negative market sentiment is helping the CHF retrace its losses against the buck. DXY looks to end the day in the red below the 95 mark. The USD/CHF pair came within a touching distance of the critical parity level in the European session on th ...

USD/CHF rallies to fresh two-week tops near mid-0.99s

USD strength lifts the USD/CHF to its highest level of June. DXY stays near mid-94s in the NA session. Wall Street trades mixed on Thursday. The USD/CHF pair spent the majority of the day moving sideways near 0.9850 and gathered momentum in the NA session to surge to its best level since Ma ...