GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
Tag - chf - swiss franc
USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
GBP/CHF slipped below the 50-day MA this week. The line is currently acting as resistance at 1.1905. Earlier declines below it led to bigger moves down.
The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.
The US dollar drops to strategic lows against the Swiss franc. Will that keep going on?
AUD is a very interesting currency among the major ones. What are its most useful peculiarities?
AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern.
CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
American iInflation data may affect the USD. Safe-haven assets are down ahead of the agreement between the US and China.