The Swiss franc (CHF)

USDCHF tests resistance The US dollar inched higher after Fed Chairman Jerome Powell commented that it was time to taper. A bearish MA cross on the daily chart weighs on overall sentiment. Nonetheless, the pair has found some buying…
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AUDUSD tests major supply zone The Australian dollar rallied after the RBA expected a return to growth in October’s meeting minutes. The pair has met stiff selling pressure in the supply zone (0.7460) from the September sell-off.…
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USDCHF tests short-term support The US dollar eased after the FOMC minutes failed to pinpoint the first rate hike next year. The drop below 0.9280 was a sign of profit-taking after the RSI showed that the rally had overextended. The…
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USDCHF surges on policy divergence The Swiss franc weakens as markets expect growing policy divergence between the SNB and the Federal Reserve. As the Swiss economy almost recovers to its pre-crisis level, keeping the franc from…
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USDCHF seeks support The US dollar initially tumbled after a minor drop in August’s core CPI. However, the pair can capitalize on strong buying interest from the trough near 0.9150. A tentative break of August’s high at 0.9240…
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Monday could be pretty interesting for European markets, and there is a chance of a strong move in the early European session. Part of that has to do with the lingering effects of what might come out of the Jackson Hole Symposium, and…
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USDCHF retests Fibonacci level The US dollar takes a backseat as traders await the Fed’s update at the Jackson Hole symposium tomorrow. The pair is trading within a narrowing range between 0.9020 and 0.9240. This is a sign of…
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USDCHF breaks support The US dollar tumbles as traders take profit ahead of Wednesday’s FOMC minutes. The break above the daily resistance at 0.9230 has led to an overextension. The RSI divergence at the supply area near 0.9260 was…
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The current USDCHF structure hints at the end of the bearish triple zigzag Z of a cycle degree. Intermediate impulse wave (1) has completed whilst the bearish correction wave (2) is still under development. In the short term, we could…
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Thursday could be a busy day for the Swiss Franc, with two fundamental events. First is the release of September unemployment data, and then we have SNB’s Jordan giving a press conference. We’ll focus on the unemployment data because…
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