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EURCHF

XM Research

XM Research - 6 days agoBullish

EURCHF recovers strongly from 4-month low Decisive break above 200-day SMA boosts rebound Momentum indicators improve significantly   EURCHF has been in a steep recovery in the past few sessions, attempting to erase the slide from its 2024 peak. Moreover, the advance accelerated following the break above the 200-day simple moving average (SMA), with the bulls now eyeing the 50-day SMA.
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XM Research - 2 weeks agoNeutral

EURCHF bounces off 4-month low of 0.9476 But the 200-day SMA curbs the pair’s rebound Momentum indicators improve but still negatively tilted   EURCHF has been in a steep decline since the beginning of June, shedding almost half of its 2024 gains. In the near term, although the pair found its feet at the four-month low of 0.9476, the 200-day simple moving average (SMA) has prevented further advances for now.
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XM Research - 2 weeks ago

Market Comment – Fedspeak and US data could prop up the dollar

Back in action with a full US data calendar and Fedspeak BoE meets but unlikely to produce headlines SNB cuts rates and remains willing to intervene in FX markets Yen underperforms as Japanese officials remain quiet Dollar remains on the back foot The rare mid-week day-off in the US is over with the market mostly preparing for tomorrow’s key release of the preliminary PMI surveys, which are critical for the euro area.
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XM Research - 3 weeks agoNeutral

Technical Analysis – Does the EURCHF correction have legs?

EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut. This pair is currently trading at a 4-month low, around 4% lower than the recent May 27 peak, and on Friday it managed to successfully break through a strong support area.
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XM Research - 4 weeks agoBearish

EURCHF holds beneath uptrend line 200-day SMA acts as strong support level MACD and RSI indicate more losses EURUSD is on course for further losses after the bearish move to an almost two-month low of 0.9624 on Monday. The sharp sell-off, especially in the previous week, has shifted the near-term bias from bullish to neutral, and if there is a plunge beneath the 200-day simple moving average (SMA) at 0.9595, that  could change the outlook to strongly negative.
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XM Research - 1 month agoBearish

Technical Analysis – EURCHF declines sharply from 14-month high

EURCHF hits a fresh 14-month high of 0.9928 Before plunging towards the 50-day SMA Momentum indicators turn bearish   EURCHF has been in a steady recovery since late December, attempting to erase its massive 2021-2023 downtrend. Last week, the pair surged to a fresh 14-month peak of 0.9928, but quickly retraced lower until the 50-day simple moving average (SMA) curbed its retreat.
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XM Research - 1 month agoBullish

EURCHF may be ready for downside retracement MACD and RSI look overstretched EURCHF is travelling near the almost 14-month high of 0.9930, creating an impressive bullish movement since the beginning of the year. Given the current negative momentum in the very short-term, the question now is whether the pair will stay resilient above the 0.9880 key region.
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XM Research - 2 months agoNeutral

EURCHF remains in sideways channel in near term RSI and MACD lose steam Broader outlook is still positive EURCHF is testing the medium-term ascending trend line around the 0.9750 level and the 20-day simple moving average (SMA). However, in the short-term, the market has been developing within a sideways channel since March 20 with an upper boundary the 0.9847 resistance and the lower boundary the 0.9675 support.
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XM Research - 2 months agoBullish

EURCHF recovers some ground Price has strong rebound off 200-day SMA Oscillators suggest upside momentum EURCHF is developing the third consecutive green day after the bearish spike towards the 200-day simple moving average (SMA) and the 0.9560 support level. The market is gaining some ground, surpassing the short-term simple moving averages (SMAs) with the technical oscillators confirming an upside recovery.
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XM Research - 3 months ago

Market continues to price in a plethora of rate cuts for 2024

Market is still in monetary easing mode despite fewer rate cuts priced in across the board Divergent cut expectations for the Fed and the ECB, reflecting economic conditions The ECB and the BoC are seen cutting in July; the RBA might not cut rates this year BoJ is seen hiking again during 2024 The market is digesting both the latest geopolitical developments and the recent rally in oil prices as the countdown to the May 1 Fed meeting has begun.
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XM Research - 3 months agoBearish

EURCHF remains beneath uptrend line MACD and RSI momentum weakens EURCHF is recovering some losses after the bearish gap that opened on Monday, remaining beneath the steep rising trend line. The pair may be ready for a bearish correction, mirrored by the technical oscillators. The RSI is flattening beneath the neutral threshold of 50, while the MACD is standing beneath its trigger line in the positive region.
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XM Research - 3 months agoBullish

Technical Analysis – EURCHF eases slightly after 1-year peak

EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding week. Currently, the market is on the backfoot with the technical oscillators indicating a bearish retracement.
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XM Research - 3 months agoBullish

EURCHF boosts upside pressure 50- and 200-day SMA post golden cross MACD and RSI near overbought levels EURCHF is skyrocketing towards a fresh almost one-year high of 0.9847, creating the third consecutive green day after the pullback from the steep diagonal line. The 50- and the 200-day simple moving averages (SMAs) posted a bullish crossover, confirming the short-term ascending tendency.
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XM Research - 3 months agoBullish

Technical Analysis – EURCHF rallies towards 8-month high

EURCHF looks strongly bullish this year Technical oscillators confirm upside tendency EURCHF has added almost 6% since the beginning of the year, recording a new eight-month high of 0.9786. The pair is creating a steep upward tendency with no notable bearish corrections so far in 2024. The RSI indicator is standing in the overbought region and is still pointing north, while the MACD is extending its positive momentum above its trigger and zero lines.
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XM Research - 4 months ago

Is the Swiss National Bank about to slash rates? – Preview

SNB will announce its rate decision on Thursday at 08:30 GMT Inflation has cooled, so market is pricing 35% chance of rate cut For the Swiss franc, the outlook has started to turn negative  Inflation cools down The Swiss economy is losing momentum. Economic growth slowed sharply last year, clocking in at just 0.6% in annual terms during the fourth quarter, as domestic consumption moderated  while weaker growth trends in the Eurozone and China dampened exports.
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XM Research - 4 months agoBullish

EURCHF hits a fresh 3-month high last week But reverses back towards 38.2% Fibonacci Momentum indicators ease from overbought levels   EURCHF has been in a long-term downtrend since the beginning of 2023, dropping to an all-time low of 0.9252 on December 29. However, the pair has been staging a recovery in 2024, violating the downward sloping trendline that connects its lower highs in the past year and posting a fresh three-month peak last week.
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XM Research - 4 months agoBullish

EURCHF extends recovery to a fresh 3-month high Breaks above 200-day SMA and tests 38.2% Fibo Momentum indicators approach overbought levels   EURCHF has been in a downtrend since the beginning of 2023, dropping to an all-time low of 0.9252 on December 29. However, the pair has been staging a recovery in 2024, violating the downward sloping trendline that connects its lower highs in the past year and posting a fresh three-month peak last Friday.
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XM Research - 4 months agoBullish

Technical Analysis – EURCHF extends advance towards 200-day SMA

EURCHF extends recovery to a fresh 2-month high Breaks above trendline and eyes 200-day SMA Momentum indicators approach overbought levels EURCHF has been in a downtrend since the beginning of 2023, dropping to an all-time low of 0.9252 on December 29. However, the pair has been staging a rebound in 2024, violating the downward sloping trendline that connects its lower highs in the past year and posting a fresh two-month peak on Monday.
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XM Research - 5 months ago

EURCHF extends recovery to a fresh 2-month high Breaks above trendline but long-term downtrend remains intact Momentum indicators tilt to the positive side   EURCHF has been in a downtrend since the beginning of 2023, dropping to an all-time low of 0.9252 on December 29. However, the pair has been staging a rebound in 2024, violating the downward sloping trendline that connects its lower highs in the past year and posting a fresh two-month peak last week.
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XM Research - 5 months agoNeutral

Technical Analysis – Are EURCHF bulls ready for a breakout?

EURCHF trades higher, tests key resistance trendline Strong upmove in place since late January Momentum indicators support the current upleg EURCHF is trying to record its eighth consecutive green candle since the January 31 trough. It is now testing the resistance set by the June 9, 2022 downward sloping trendline and the upper boundary of a contracting triangle developing since mid-December 2023. This structure is the result of a series of lower highs and higher lows, and declin
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