Technical Analysis – EURCHF maintains positive structure, despite recent fading

Posted on December 1, 2020 at 1:42 pm GMT

EURCHF portrays an improving picture despite its latest retreat from the 1.0859 resistance mark. The rising simple moving averages (SMAs) retain a bullish tone while the merged Ichimoku lines are flattening in-line with the Ichimoku cloud, supporting dampened price action currently between 1.0794 and 1.0859. The short-term oscillators reflect waning positive momentum. The MACD, in the positive zone, is easing above its red trigger line, while the RSI is diving in bullish territory. Furthermore, the stochastic oscillator is reflecting negative [..]

Daily Market Comment – Crude oil powers higher, markets euphoric

Posted on November 25, 2020 at 9:01 am GMT

US stocks close at new records, oil roars higher, gold melts down Markets in an ecstatic mood, without any major new drivers Avalanche of US data and Fed minutes in the spotlight today Vaccine enthusiasm continues to steer the ship The party in global markets continues. Investors have thrown caution to the wind and have gone all-out in their hunt for returns, with exuberance around the post-vaccine world and an abundance of liquidity thanks to the world’s central banks powering [..]


Technical Analysis – EURCHF blocked as upside attempt breeds no result

Posted on November 24, 2020 at 3:49 pm GMT

EURCHF is struggling once again at the overwhelmingly toughened buffer zone of 1.0824-1.0847, containing numerous peaks since late July. The price today spiked touching the 1.0847 level, which happens to be the 61.8% Fibonacci retracement of the down wave from 1.1058 until 1.0504, before returning to its pre-consolidating demeanour. Nonetheless, the small upturn in the slopes of the simple moving averages (SMAs) may assist the price to nudge higher again. The short-term oscillators are reflecting a pause in directional momentum [..]


Technical Analysis – EURCHF consolidates as aggressive ascent remains muted

Posted on November 17, 2020 at 4:31 pm GMT

EURCHF has been stuck for just over a week, creeping sideways following the slingshot off the 1.0679 level and over the simple moving averages (SMAs). The flattening Ichimoku lines are reflecting the stall in positive sentiment, while the soaring 50- and 100-period SMAs promote further advancing in the pair. The short-term oscillators communicate a period of paused positive momentum. The MACD and the RSI are presenting weak demeanours, with the former hovering below its red trigger line in the positive [..]


Technical Analysis – EURCHF spikes around 1.0800; indicators look overbought

Posted on November 10, 2020 at 9:43 am GMT

EURCHF is still stretching the positive move after the sharp rally on Monday, surpassing the 1.0800 psychological level. Also, the pair climbed beyond the 200-period simple moving average (SMA), shifting the bearish bias to bullish. However, the RSI and the MACD seems to be overbought, suggesting a possible downside correction. Immediate resistance could come from the 1.0815 barrier, identified on September 30 ahead of the 1.0830 powerful level. Surpassing these lines, the 1.0850 high and the 1.0876 spike, achieved on [..]


Technical Analysis – EURCHF finds footing on 200-day SMA; looks to edge eastward

Posted on November 3, 2020 at 4:03 pm GMT

EURCHF improved slightly towards the 1.0716 mark, after finding some traction off the 200-day simple moving average (SMA) at 1.0670. The weakening slopes of the 50- and 100-day SMAs, and the fairly flat 200-day SMA, appear to be guiding the pair back into another confined sideways move around the 1.0716 level, that being the 38.2% Fibonacci retracement of the down leg from 1.1058 until 1.0504. The short-term oscillators also reflect the pickup in positive price action. The MACD, in the [..]


Technical Analysis – EURCHF rests in Ichimoku cloud; fails to improve bullish picture

Posted on October 27, 2020 at 11:13 am GMT

EURCHF is failing to boost the upside direction in the very short-term as the price is standing within the Ichimoku cloud. The RSI is falling below the 50 level while the MACD is still holding above the trigger line. Moreover, the 20- and 40-period simple moving averages (SMAs) are moving sideways near the current market price. Should the pair manage to strengthen its positive momentum, the next resistance could come around the 1.0747 hurdle ahead of a rally towards the [..]


Technical Analysis – EURCHF maintains sideways structure; bounces off 100-day SMA

Posted on October 6, 2020 at 2:59 pm GMT

EURCHF continues to cycle around the 50.0% Fibonacci retracement of the down leg from 1.1058 to 1.0504, extending the horizontal pattern that has held since the late part of July. The short-term oscillators reflect evaporating directional momentum, and thus have done little to aid a new price development. The MACD, slightly above zero, holds fairly flat below its red signal line, while the stagnant RSI has fused with its neutral threshold. Moreover, the stochastic oscillator looks relatively neutral, despite its [..]


SNB: Keeping a rate bullet in the chamber – Forex News Preview

Posted on September 22, 2020 at 3:19 pm GMT

The Swiss National Bank (SNB) will conclude its meeting at 07:30 GMT Thursday, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut. That said, the SNB already boasts the lowest rates worldwide, so it is unlikely to cut any deeper as running out of policy ammunition would risk generating a negative expectations loop. Instead, it will probably stick to huge FX interventions. The franc may tick higher on the [..]


Technical Analysis – EURCHF resonates sideways towards supportive trend line

Posted on September 22, 2020 at 1:02 pm GMT

EURCHF has adopted a fairly horizontal demeanour for nearly two-months now and appears to be approaching a medium-term ascending trend line pulled from the 1.0505 low. The confused simple moving averages (SMAs) further reflect the directionless tone that has grasped the pair. The 50-period SMA has crossed below the steadied 200-period SMA, while the 100-period SMA has become fixed above it. The short-term oscillators reflect conflicting signals in sentiment. The MACD has dropped beneath its red signal line and the [..]

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