Yesterday I spoke about what would have to happen for the USD/CHF to be a buy, and all of those points were accomplished. The Swiss National Bank has decided to announce that they are pegging the Franc...
US dollar strengthens.
Market review for 29.08 – 2.09, 2011 After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.
At the end of last week, we did see the pair falling sharply after a top at 0,8250. This decline is considered though as a retracement of the previous rally.
USD/CHF fell hard on Friday as the Non-Farm Payroll number disappointed in the US. The pair fell as low as the 0.7720 area, but ended the day by forming a hammer. This shows that the pair may...
USDCHF has formed a cycle top at 0.8240 on daily chart. The fall from 0.8240 is treated as consolidation of uptrend from 0.7067. Range trading between 0.7400 and 0.8240 would likely be seen in a couple of...
In our last analysis, we were expecting an extension of the decline towards 0,78 which has been reached today in a very high pace.
The USD/CHF pair fell again on Thursday as traders continue to buy the Swiss Franc against most other currencies. The pair tested a weekly trend line and failed to the upside a couple days ago, and as...
After a new fresh high at 0,8250 in the beginning of the week, the pair is showing signs of weakness by breaking back below the key 0,80 level.
The Swiss Franc, the Yen and the US dollar remained supported.
