USDCHF has broken the ascending trendline and is now correcting in a bearish structure. We have formed a double top pattern and are looking for downside to continue into the significant figure of 0.9200. The RSI is bearish and the ADX is increasing, showing that the downtrend is gathering momentum.
USDCHF has bounced at support prior to the USD Redbook Index data, which is a sales weighted retail index that measures 9000+ stores. Technically the pair is holding above the daily trendline and we anticipate the midterm bull market to continue.
USDCHF is trading to the downside today prior to the USD personal income data which measures the total income for US citizens. Technically the pair has broken support and we anticipate continued downside into the next key support zone.
USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.
USDCHF has traded into resistance today. Technically the pair has struggled to break to the upside of its current range, and we anticipate a move back into support.
USDCHF is trending to the upside today prior to the USD 4 week bill auction data, which reveals the yield on the US Government backed security. Technically the pair is pushing to the upside, and the RSI is indicating potential bullish action.
USDCHF has traded into trendline resistance prior to the USD Redbook Index Data, which is a sales weighted year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores. Technically the pair has rebounded from support and the USD is currently quite choppy. We anticipate downwards pressure from here.
USDCHF is trading to the upside today following yesterdays sell off. The USD 2 Year Note Auction is scheduled for later today, and reveals the yield on the note. Technically the pair is holding above the 0.9122 level and we anticipate continued upside into the 0.9180 level.
USDCHF is forming a wedge after a 6 month long bear market. The 50 and 200 day moving averages have now given a bullish cross and upside looks promising as the US has had a strong economic recovery from Covid19.
USDCHF is trending to the upside currently. Price has made a pullback into a key pivot zone which is currently acting as a support level, and we anticipate continued upside into the recent highs. Our upside target is at 0.92270.
USDCHF is trading to the downside today prior to the USD Retail Sales data, which records the total receipts for retail stores domestically. JP Morgan has stated they expect the data to be disappointing from the -0.2% consensus, which will be USD bearish. Technically the pair has broken the ascending trendline and we anticipate downside into the 0.9080 level.
USDCHF has traded into resistance prior to the USD 3 Year note Auction, which reveals the yield on the bill. Technically the pair is at resistance, and the RSI is showing strong overbought levels as well as bearish divergence. We anticipate downside into the 0.9140 level.
USDCHF has traded into a key support / resistance level prior to the USD personal income data, which measures the income for Americans. Technically the pair has traded into a key level, and the RSI is giving an oversold sign, thus we expect upside into the 0.9110 level.
USDCHF is trending to the upside currently, and the trend has made a pullback prior to the USD 3 Month Bill auction. The Bill Auction reveals the yield for the bill, and interest rate yields on USA government debt are a key indicator for global markets. Technically the pair has pulled back towards support, and we anticipate continued upside with the data release.
EURCHF has found support today prior to the CHF Foreign Currency Reserves data, which shows the amount of foreign currency held in the SNB reserves. Technically the pair has found support and we anticipate upside as a mean reversion, into the 1.0955 level.
AUDCHF has bounced from a key monthly level prior to AUD Private Sector Credit data, which shows the amount of borrowing in the private sector. Technically the pair has bounced from a key monthly level, breaking a descending wedge pattern to the upside, and we now anticipate continued upside on the pair. The RSI has also issued a buy signal.
USDCHF is trending to the downside prior to the USD Initial Jobless Claims data, which shows the number of people applying for unemployment benefits for the first time. Technically the pair has formed a double top prior to the trendline and we anticipate the pair to have continued downside into the 0.89050 level.