USDCHF under bearish pressure as it fails to break key resistance

USDCHF remains below the 0.8900 level. Sellers in control. The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see red circles on the chart above). Since then, the price

Plummets below 0.9000, golden-cross at risk

Share: USD/CHF drops sharply, signaling potential end to Fed’s rate hikes with investors favoring CHF. Pair’s fall below the 50 and 200-day moving averages at 0.9000 could lead to further declines. For recovery, USD/CHF needs to breach 0.9000, targeting the November 1 high at 0.9112. USD/CHF plummets in the mid-North American session on

USD/CHF declined further, eyes on bearish cross between the 20 and 200-day SMA

Share: USD/CHF fell to 0.9050, seeing 0.30% losses. The USD is losing interest due to the Fed dovish tone on Wednesday’s decision. Ahead of October’s Nonfarm Payrolls, the US reported weak labor market data. Indicators flash signals of further downside. In Thursday’s session, the USD/CHF saw red, mainly driven by a broad USD

Chart Art: Uptrend-Consolidation Setups on USD/CHF?

It’s a new month, which means we’re likely to see lots of volatility for the Greenback thanks to a busy U.S. calendar. And that means there’s still potential for lots of short-term opportunity in USD pairs, including this up trending market on USD/CHF. Will the bulls stay in control? USD/CHF 1-Hour Forex Chart by TradingView

USD/CHF soars above the 200-day SMA after amid CHF weakness

Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week, the

Bulls fail to conquer the 200-day SMA, further downside on the horizon

Share: The USD/CHF reversed its course after jumping to a daily high of 0.9032 and then settling slightly above 0.9000. The USD is struggling to gather momentum on a positive market mood. The US reported strong economic activity figures from September. Rising US Treasury yields may limit the downside for the pair. In