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USDCHF

XM Research

XM Research - 4 days 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 - 2 weeks 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 - 2 weeks 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 weeks 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 weeks 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 weeks 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 weeks 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 weeks 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 weeks 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 - 4 weeks 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 - 1 month 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 - 1 month 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 - 1 month 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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XM Research - 2 months ago

Midweek Technical Look - EURGBP, USDCHF, US 500

EURGBP plunges near 0.8500 level; remains within trading range USDCHF still shows some upside recovery US 500 records another all-time high at 5,344
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XM Research - 3 months ago

Market Comment – Safe havens jump as Israel retaliates against Iran

Gold, franc, yen and oil spike higher after Israel strikes Iran But gains are pared after retaliatory response seen to be limited Stocks head deeper into the red after disappointing tech earnings Markets on alert as ME tensions re-escalate After days of speculation about a possible retaliatory action, Israel launched strikes on Iranian targets overnight, in direct response to Iran’s missile and drone attack last Saturday.
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XM Research - 3 months agoBullish

USDCHF starts the day in red RSI and MACD indicate negative retracement USDCHF experienced an aggressive selling interest earlier in the day, but quickly turned higher to approach the 0.9095 barricade. The pair is moving sideways in the very short-term after the rest near the six-month high of 0.9150, while in the bigger outlook, the picture is strongly positive.
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XM Research - 3 months agoBullish

USDCHF rebounds off 0.9000 and remains bullish MACD crosses above its trigger line Stochastic moves towards overbought area USDCHF surged to a new six-month high of 0.9146 during yesterday's session, extending its bullish structure. The pair is holding well above its short-term simple moving averages (SMAs) and the medium-term ascending trend line.
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XM Research - 3 months agoNeutral

US Core PCE inflation meets 2.8% forecast; monthly spending strengthens USDCHF shows no reaction; stays neutral at the bottom of a bullish channel Sellers are waiting below the 0.9000 mark   USDCHF did not respond dramatically to the core PCE inflation data, remaining congested at the lower boundary of a bearish channel in the four-hour chart.
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XM Research - 3 months ago

Technical Analysis – USDCHF rally takes a breather but no concerns yet

USDCHF loses momentum after slightly surpassing 0.9000 A pullback is likely, but the bullish trend could stay intact     USDCHF stretched its three-week rally above the 0.9000 threshold for the first time in four months, but the 0.9036 region has been a hurdle over the past few days, pushing the price softly to the red zone during Thursday’s European trading hours.
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XM Research - 4 months ago

Market Comment – Dollar tumbles as Fed still sees three rate cuts this year

Fed’s updated dot plot continues to suggest three rate cuts in 2024 Dollar tumbles across the board, June cut probability rises Pound traders lock gaze on BoE, SNB cuts interest rates S&P 500, Dow Jones and gold hit new record highs Dollar falls on dovish Fed The US dollar tumbled across the board on Wednesday after the Fed’s new projections revealed that officials are still expecting three quarter-point rate cuts in 2024. The greenback has been in a recovery mode l
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