USD/CHF Analysis (August 4)
As we were expecting for a few weeks now, the Swiss National Bank intervened on the market yesterday by lowering rates and implementing various other measures to curb the appreciation in their currency.
Tag: USDCHF
3rd August, 2011 – Daily Forex Report by GFM Research
Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
USD/CHF Analysis (August 3)
The Swiss Franc continues to be agressively bought and we might wonder when this impressive trend will stop.
USD/CHF Technical Analysis August 2, 2011
The USD/CHF pair fell hard on Monday as the US stock exchanges fell. The pair did manage to bounce however, and as such – is forming a candle that looks somewhat like a hammer. This shows that...
2nd August, 2011 – Daily Forex Report by GFM Research
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
USD/CHF Analysis (August 2)
The Swiss Franc continues to be agressively bought and the fresh low from yesterday at 77,30 confirms the strong bearish pressure on the USD/CHF.
1st August, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
USD/CHF Technical Analysis Aug 1, 2011
The USD/CHF pair finally broke through the 0.80 level on Friday, and now begins a new leg down. Because we are in uncharted territory, this pair is likely to have reactions at major round numbers, so expect...
USD/CHF Analysis (July 31)
After a consolidation above the psychologival 0,80 support, the pair has confirmed its bearish trend with a new fresh low at 0,7850 on friday.
USDCHF Analysis – July 30, 2011
USDCHF continued its downward move from 0.9774, and the fall extended to as low as 0.7850. Resistance is at the downtrend line on daily chart, as long as the trend line resistance holds, downtrend could be expected...