Today
-0.28%
5 Days
-0.81%
1 Month
-1.63%
6 Months
+5.44%
Year to Date
+3.24%
1 Year
+1.63%
Opening Price
0.818Previous Closing Price
0.820
The downside prevails as long as 0.8198 is resistance, with 0.8153 and 0.8141 as targets
above 0.8198, look for 0.8217 and 0.8229.
The downside prevails as long as 0.8198 is resistance, with 0.8153 and 0.8141 as targets
USD/CHF extends its gains for the third consecutive day, trading around 0.8210 during Asian hours on Monday. However, the upside of the pair could be limited as the Greenback may face challenges due to a drop in crude oil prices. Lower oil prices help ease inflationary pressures.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating after a sharp fall and rebound, with flat momentum indicators. For the next 24 hours, they expect the pair to hold between 0.8125 and 0.8185.
The US Dollar (USD) posts marginal gains against the Swiss Franc (CHF) on Friday, but remains trapped within previous ranges, with the doji candles in the daily chart showing a hesitant market.
USD/CHF remains flat after recovering daily losses, trading around 0.8170 during Asian hours on Friday. The pair has pared its daily losses as the US Dollar (USD) gained support amid widespread market caution.
Swiss National Bank (SNB) Chairman Martin Schlegel said the policy rate remains the central bank’s main tool during a speech titled “Transmission and conduct of monetary policy in Switzerland” at a conference in Zurich on Thursday.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
