The Greenback continued to trade firm against most of the FX majors on the event of continued correction in the prices of most of the asset classes especially the equities. Double dip depression in the US is...
USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The...
USDCHF remains in uptrend from 0.7067, the fall from 0.8925 is treated as consolidation of uptrend. Pullback to the uptrend line on daily chart would likely be seen next week. As long as the trend line support...
USD/CHF fell on Thursday, but has bounced off of the 200-day moving average. The pair is a “buy only” pair as the USD is the last remaining global safe haven, and the CHF is being actively worked...
Moody’s decision to reduce the credit rating of two leading French banks pressured the euro.
USD/CHF fell slightly on Wednesday as traders sold the USD in general. However, the pair cannot be sold because of the Swiss National Bank and its “peg” to the EUR. Because of this, the bank is willing...
The pair continues to consolidate after its sharp rally from last week (1000 pips). There is of course room for an additional setback given the over-extended move.
Greetings. Let’s take a look at the USD/CHF daily chart.
European crises is spreading in Europe and the euro stays under pressure. Asian and European trading sessions: Euro: The Euro was trading near its maximums during the Asian session. Further strengthening of Euro currency was constrained by...
The USD/CHF pair continues to drift around the 0.88 handle as traders have abandoned shorting the Swiss Franc. The USD had a fairly poor day on Tuesday, and as a result, this pair didn’t move again. In...
