USDCHF is in downtrend from 0.9567, the rise from 0.9206 is likely consolidation of the downtrend. Resistance is at 0.9400, as long as this level holds, another fall could be expected after consolidation, and next target would...
USDCHF had formed a cycle top at 0.9567 on daily chart. Further decline would likely be seen, and next target would be at 0.9100 area. Resistance is at 0.9370, as long as this level holds, the downtrend...
The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range.
USDCHF breaks below 0.9352 support, suggesting that the upward movement from 0.9021 had completed at 0.9567 already. Further decline could be expected next week, and next target would be at 0.9100 area. Resistance is at 0.9567, only...
USDCHF traded in a narrow range between 0.9352 and 0.9567. Key support is at 0.9352, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.9021,...
USDCHF breaks below the upward trend line on daily chart, suggesting that a cycle top is being formed at 0.9567. Further decline would likely be seen next week, and next target would be at 0.9250 area.
USDCHF is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the fall from 0.9567 could be treated as consolidation of the uptrend from 0.9021, another rise...
USDCHF’s upward movement from 0.9021 extends to as high as 0.9552. Further rise could be expected after a minor consolidation, and next target would be at 0.9700 area.
USDCHF breaks above 0.9388 resistance, and reaches as high as 0.9462, suggesting that the downtrend from 0.9971 had completed at 0.9021 already. Further rise is still possible and next target would be at 0.9600 area.
Market Commentary The US Dollar appreciated across the board resulting in deep sell of in the benchmark equity index of the Dow Industrials (DJIA). The Dollar Index (DX) is consistently trading above the critical resistance of 81.20...
