USD/CHF Price Analysis: Recovers but stills under the 200-DMA | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Sunday, April 2, 2023
No Result
View All Result
Subscribe
  • Login
The Markets Café
en English
zh-CN 简体中文en Englishfr Françaisde Deutschhi हिन्दीit Italianoja 日本語pt Portuguêsru Русскийes Españoltr Türkçe
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Forex

USD/CHF Price Analysis: Recovers but stills under the 200-DMA

by Press Room
August 12, 2022
in Forex
101 2
A A
0
21
SHARES
687
VIEWS
FacebookTwitter
  • The USD/CHF is set to finish the week with losses of 2.05%.
  • From a daily chart perspective, the major is downwards, as sellers target March’s 31 low below 0.9200.
  • Despite a positive divergence in the hourly chart, the USD/CHF pierced the 200-DMA, but sellers piling at the 200-DMA dragged the pair lower.

The USD/CHF trims Thursday’s losses yet remains below the 200-day EMA, after hitting a daily high at 0.9450, but retraced towards the current price level, but still above the opening price. At the time of writing, the USD/CHF is trading at 0.9418, up by 0.13%.

Traders’ sentiment is upbeat, with US equities rallying sharply. The greenback recovers some ground, as shown by the US Dollar Index up 0.54%, at 105.662, after an improvement in US consumer sentiment eases the US Federal Reserve pressures.

USDCHF Price Analysis: Technical outlook

From a daily chart perspective, the USD/CHF daily chart illustrates the pair as downward biased, with sellers remaining in control, despite buyers lifting the major towards its daily high. Nevertheless, backed by the Relative Strength Index (RSI) at 35.91, well below the 50 midlines, a dip towards the March 31 swing low at 0.9194 is on the cards.

In the one-hour scale, the USD/CHF portrays a positive divergence with price action aiming lower, while the RSI records successive series of higher lows. Nevertheless, as the RSI already crossed its 50-midline, upwards and lately downwards, the uptrend is in question, but unless sellers break below the August 11 low at 0.9370, the major might remain range-bound.

The USD/CHF first resistance will be the R1 daily pivot at 0.9447. Break above could pave the way towards 0.9500. On the flip side, if the pair breaks below 0.9400, it could dip towards 0.9370.

USD/CHF Hourly chart

USDCHF Key Technical Levels

 

Read the full article here

Related Articles

Forex

GBP/USD succumbs as market players buy US Dollars on weekly, quarter, and monthly-end flows

April 2, 2023
Forex

Pound Sterling Price News and Forecast: GBP/USD succumbs as market players buy US Dollars on weekly

April 2, 2023
Forex

Forex Today: Focus shifts to US employment data

April 1, 2023
Forex

Fed’s Collins: Tight monetary policy is key to lowering inflation

April 1, 2023
Forex

Fed’s Williams: Expects inflation to decline to around 3.25% this year

April 1, 2023
Forex

Canada Employment: More modest gains in the coming months – NFB

April 1, 2023

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.