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USDCHF

XM Research

XM Research - 3 days agoBearish

Technical Analysis – USDCHF eyes August’s low as bears stay in charge

USDCHF trims latest rebound, holds bearish trend ahead of US data Short-term bias skewed to the downside; bears wait for a move below 0.8435   USDCHF has been stuck in a downward trend since April’s peak of 0.9223, unable to sustain any bullish corrections. More recently, following its bounce from an eight-month low of 0.8398, the price is once again subject to downward pressure.
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XM Research - 1 week ago

Daily Comment – Dollar edges up ahead of PCE inflation as stocks drift

All eyes on US core PCE and consumption as bets for 50-bps cut stall Dollar headed for weekly gains but Nasdaq has disappointing week Euro on the backfoot as soft Eurozone CPI cements September cut Big Tech woes weigh on Wall Street The US dollar looks set to pare its monthly losses as it heads for its first weekly gain since mid-July amid more evidence that the US economy is humming along nicely.
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XM Research - 1 month ago

Technical Analysis – USDCHF plunges to 6-month low

USDCHF loses 2% in four days 20- and 200-day SMAs ready for death cross Momentum oscillators keep bearish momentum USDCHF has been in an aggressive selling interest since July 30, after the pullback off the 200-day simple moving average (SMA), losing more than 2%. The pair tumbled to a fresh six-month low near the 0.8700 psychological level, with the technical oscillators diving into an oversold area.
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XM Research - 1 month ago

Market Comment – US slowdown fears grip markets ahead of NFP

Tech stocks lead selloff in equities amid recession fears, disappointing earnings Yen extends gains as safe havens rally but dollar mixed Will today’s nonfarm payrolls report calm markets or add to jitters? Carnage returns to equity markets The mid-week bounce on Wall Street didn’t last long as rate-cut optimism turned to gloom following soft economic data out of the US on Thursday.
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XM Research - 1 month ago

Technical Analysis – USDCHF bearish pressure lingers

USDCHF’s retreat continues with a new 6-month low recorded Downtrend from early May high is in place Momentum indicators acknowledge the bearish pressure USDCHF is trading sideways today, a tad above the 0.8699 level and trying to record its fourth consecutive red candle since failing to break above the 200-day simple moving average (SMA).
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XM Research - 2 months ago

Technical Analysis – USDCHF rebounds off 0.8825 again and again

USDCHF fails to extend its decline Stochastic dives in oversold area Bearish outlook in near term USDCHF is finding strong support at 0.8825, which has been failing to break since March. The short-term picture is bearish, as the pair stands well below the two-and-a-half month descending trend line. The market is also traveling slightly beneath the 200-day simple moving average (SMA), which is currently acting as an important resistance level.
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XM Research - 2 months ago

Midweek Technical Look – USDJPY, USDCHF, Oil

USDJPY recoups some losses after drop to 6-week low USDCHF struggles to tumble below 0.8825 WTI crude oil advances after bouncing off 80.50
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XM Research - 2 months ago

Technical Analysis – USDCHF flirts with falling trend line

USDCHF surpasses 0.9000 but finds strong obstacles MACD and RSI indicate bearish retracement USDCHF is testing the short-term descending trend line around the 0.9030 level, after climbing above the 50-day simple moving average (SMA). This level is looking hard to surpass as the price is currently losing some momentum, which is also reflected in the technical oscillators.
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XM Research - 3 months ago

Market Comment – Dollar headed for third weekly gains as stock rally cools

Dollar stands tall after SNB cut and BoE’s dovish hold Yen enters intervention zone as Japan’s underlying inflation falls Euro slips on weak PMIs, US PMIs next in focus Nasdaq tumbles as Nvidia hit by profit taking ahead of triple witching Fed cut hopes not enough to dent the dollar The US dollar looks set to finish the week higher, extending its winning streak to a third week.
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XM Research - 3 months agoBullish

Technical Analysis – USDCHF cheers on SNB rate cut

USDCHF rises rapidly after SNB lowers interest rates to 1.25% Oversold signals favor the bulls; more upside needed for a positive outlook   USDCHF turned swiftly up to test its 200-day simple moving average (SMA) at 0.8890 after the Swiss National Bank (SNB) cut interest rates by a quarter percentage point for the second consecutive meeting despite some investors estimated no changes in borrowing costs.
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XM Research - 3 months ago

Technical Analysis – USDCHF tests 3-month low

USDCHF penetrates 200-day SMA to the downside MACD and RSI extend bearish momentum USDCHF plunged to a fresh three-month low of 0.8825, breaking the strong barrier of 0.8895, which overlaps with the 200-day simple moving average (SMA). If the price extends the decline, the next support could be faced at the 0.8740 support level, before tumbling to 0.8550, taken from the troughs on January 31. The technical oscillators are confirming the strong downside movement with the MACD strength
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XM Research - 3 months ago

Market Comment - Wall Street sets another record after soft US retail sales

Risk appetite buoyed by signs of weakening US consumption Wall Street closes at record highs ahead of US holiday, oil also rallies Pound edges up as services CPI remains sticky despite drop in headline September rate cut hopes get a boost US retail sales fell short of expectations on Tuesday, in another sign that consumers in America have started to rein in their spending.
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XM Research - 3 months ago

SNB is expected to cut, but risk of disappointment – Preview

Expectations of a June cut by the SNB have been gaining traction But inflation picture isn't entirely favourable; weak franc doesn’t help A lot of uncertainty awaits the SNB’s decision due Thursday at 07:30 GMT Will the SNB cut rates again? The Swiss National Bank (SNB) got the ball rolling with interest rate cuts back in March, becoming the first major central bank to start its easing cycle.
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XM Research - 3 months ago

Weekly Technical Outlook – GBPUSD, AUDUSD, USDCHF

GBPUSD holds a bearish bias ahead of UK inflation, BoE rate decision AUDUSD retains neutral outlook as all eyes turn to the RBA policy decision USDCHF sustains 0.8890 floor; Will the SNB trigger the next bull wave?   BoE rate decision --> GBPUSD UK CPI inflation and the Bank of England’s rate decision could produce a new wave of volatility for GBPUSD on Wednesday and Thursday, respectively.
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XM Research - 3 months ago

Week Ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a pickle The Reserve Bank of Australia will keep the central bank theme going on Tuesday when it meets for its June policy decision.
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XM Research - 3 months ago

Technical Analysis – USDCHF meets strong support at 200-day SMA

 USDCHF trades within narrow range RSI indicates an upside movement USDCHF has been in a tight range over the last ten days with a strong support level at the 200-day simple moving average (SMA) at 0.8895. Currently, the market is standing beneath the ascending trend line and the short-term SMAs, signaling more losses. The MACD is holding near its trigger line and beneath the zero level; however, the RSI is ticking north below the 50 level.
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XM Research - 3 months agoBearish

Technical Analysis – USDCHF posts more than 2-month low

USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area.   The pair is currently in a bearish retracement with the 20- and the 50-day SMAs posting a negative crossover.
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XM Research - 3 months ago

Market Comment – Fed rate cut bets grow but dollar steadies, BoC to likely cut

Soft US data continues to pile up, boosting Fed rate cut bets But dollar on steadier footing ahead of ISM services PMI Bank of Canada expected to cut rates today, loonie slips Oil slide deepens, stocks struggle for direction All eyes on ISM services PMI after soft data run After repeated setbacks, the needle finally seems to be shifting for the Fed to start cutting rates soon, with bets for a September move gaining significant traction in recent days.
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XM Research - 3 months ago

Technical Analysis – USDCHF builds base around 0.9000

USDCHF tumbles below rising line MACD and RSI keeps downside move USDCHF is retreating beneath the ascending trend line, meeting the 0.9000 psychological level. The 20- and 50-day simple moving averages (SMAs) are posting a bearish crossover, indicating a downside correction in the short-term timeframe. Technically, the MACD oscillator is heading south, beneath its trigger and zero lines, while the RSI indicator is falling beneath the neutral threshold of 50. If price action remains
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XM Research - 3 months ago

Technical Analysis – USDCHF plunges near rising trend line

USDCHF falls beneath SMAs Next support at 0.9000 MACD and RSI head south USDCHF plummets below the 0.9095 barricade and the short-term simple moving averages (SMAs), meeting the medium-term ascending trend line at 0.9070. A successful decline below the diagonal line could open the way for a bearish correction towards the 0.9000 psychological mark and the 200-day SMA, which lies near the 0.8895 support.
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