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Research Results

Results for 'EURCHF'

2 articles with this tag name

USDCHF: up, up and away?

Updated  May 7, 2013 5:00:00 AM


The CHF has been one of the biggest movers so far in the London session and is down across the board. The driver of the move seems to be momentum, with EURCHF also finding good buying interest around 1.2300. There is some chatter in the market that demand is high for 1-month options with a 1.2500 strike, which may also be adding to the upward pressure on EURCHF. USDCHF has caught our attention as  [...] Continue Reading ...

Tags: EURCHF, FX, USDCHF

TECHNICAL UPDATE (II): USDCHF – Tests key 0.9275/95 level of support

Updated  Apr 11, 2013 6:35:00 PM


USDCHF tried to test the previous 0.9565 high towards the end of March and ultimately failed. This setup up the potential for a deeper retracement below the March 25th low around 0.9350/55. Sure enough, USDCHF has done precisely that as the current 3-wave correction (A-B-C) brings it to a key level of support around 0.9290. 0.9275/95 sees the convergence of: Furthermore, daily RSI is also testing key support around 40, which sees trendline support drawn  [...] Continue Reading ...


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