USD/CHF Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) – USD/CHF (USDCHF) has been up by 2.47% for the last 21 sessions. At 17:08 EST on Sunday, 8 September, USD/CHF (USDCHF) is $0.84.

USD/CHF’s yearly highs and lows, it’s 1.248% up from its 52-week low and 8.753% down from its 52-week high.

Volatility

USD/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.03%, a negative 0.06%, and a positive 0.37%, respectively.

USD/CHF’s highest amplitude of average volatility was 0.27% (last week), 0.41% (last month), and 0.37% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CHF’s Forex is considered to be overbought (>=80).

Previous days news about USD/CHF (USDCHF)

  • Usd/chf moves below 0.8450 due to dovish fedspeak, swiss foreign currency reserves awaited. According to FXStreet on Friday, 6 September, "The dovish remarks from the Federal Reserve (Fed) officials put downward pressure on the US Dollar (USD) and undermine the USD/CHF pair."
  • Usd/chf holds losses after soft US labor market data. According to FXStreet on Friday, 6 September, "On Friday, the USD/CHF fell to a daily low of 0.8375 and then recovered back above 0.8400. ", "The outlook for USD/CHF is neutral to bearish as the Relative Strength Index (RSI) hovers deep in negative terrain but with a flat slope, while the Moving Average Convergence Divergence (MACD) is showing flat green bars, further supporting the neutral outlook for the pair. "

More news about USD/CHF (USDCHF).

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