EURCHF

EURCHF has seen choppy price action for the last 6 months as the current engulfed channel shows some signs of accent. Continuous divergences on the momentum indicator have led prices to the lower and bottom borders in rapid succession.…

EURCHF witnessed bullish momentum in the early part of November, pushing prices past the €1.08 area. A period of consolidation resulted in a spike at monthly highs aided by a hidden bullish divergence. However, since then, bears have…

EURCHF continues to range around 50% of the downside 1.1059/1.0504 Fibonacci retracement leg. This sees the pair extend its horizontal pattern from mid-July. Should we see momentum exhaust on the indicator, then the possibility of a move…

USDCAD Rebounds as Sino-US Tensions Brew The US dollar could see a silver lining in the tensions between the US and China. President Donald Trump’s executive orders to ban popular Chinese apps WeChat and TikTok are the latest…

EURCHF Holds Steady Ahead of ECB Rate Decision The common currency has given away its early June’s gains in the wake of the ECB’s massive stimulus of €1.35 trillion. The optimism-led surge has prompted short sides to cover their…

EURCHF sellers kept the pressure on since the 1.20 high on Apr '18. The bearish trend has lasted over two years now. We saw two suspected breaks beyond the regression channel on Apr '19 and Jun '20 -respectively. However, but both have…

EURCHF Surges Higher on Stimulus Hopes The euro climbed to an 11-week high against the Swiss franc after the European Commission proposed a 750 billion euro recovery plan. Optimism grows as the EU’s 27 nations are expected to settle…