EUR/CHF Drops By 1% In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.15% for the last 5 sessions. At 02:06 EST on Wednesday, 2 October, EUR/CHF (EURCHF) is $0.94.

EUR/CHF’s yearly highs and lows, it’s 3.621% up from its 52-week low and 5.77% down from its 52-week high.

Volatility

EUR/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.15%, a negative 0.02%, and a positive 0.31%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.39% (last week), 0.29% (last month), and 0.31% (last quarter), respectively.

Forex Price Classification

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

News about

  • According to FXStreet on Tuesday, 1 October, "Ultimately, our view on the BoJ remains more hawkish than the market’s pricing for 13bp of tightening over the next three meetings, so even if the tactical picture is turning more skewed to the upside for USD/JPY - not least because of risks of correction higher in USD rates - we are not ready to call for a sustained, multi-month JPY underperformance."
  • According to FXStreet on Monday, 30 September, "Just as hopes were building that some of the recent volatility in USD/JPY was on course to die-back, Japanese political change has proved that the currency pair maintains a nervous disposition, Rabobank’s FX strategist Jane Foley notes.", "Despite the changing political landscape both the Japan and in the US, we would expect central bank policy to remain the primary driver of USD/JPY over the coming months. "
  • According to FXStreet on Tuesday, 1 October, "Additionally, the dovish comments from Japan’s upcoming Prime Minister, former Defense Chief Shigeru Ishiba, are putting downward pressure on the JPY and underpinning the USD/JPY pair. ", "In terms of resistance, the USD/JPY pair could explore the area around the upper boundary of the ascending channel at 146.50, followed by its five-week high of 147.21 level, which was recorded on September 3."
  • Usd/jpy price forecast: jumps towards 144.00 as powell speaks. According to FXStreet on Monday, 30 September, "The USD/JPY climbed late in Monday’s North American session, gaining over 1%, and traded at 143.69 after the Federal Reserve Chair Jerome Powell crossed the newswires.", "Conversely, if USD/JPY remains below 144.00, look for a pullback to the Tenkan-Sen at 143.46. "
  • According to FXStreet on Monday, 30 September, "At press time, USD/JPY is trading 0.14% higher on the day, paring back gains to hover around 142.35."

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