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EUR/CHF Bearish Momentum: 0.83% Down In The Last 5 Sessions

ViaNews Editorial Team

October 8, 2023

EUR/CHF Bearish Momentum: 0.83% Down In The Last 5 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.83% for the last 5 sessions. At 17:06 EST on Sunday, 8 October, EUR/CHF (EURCHF) is $0.96.

EUR/CHF's yearly highs and lows, it's 0.809% up from its 52-week low and 5.011% 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 0.08%, a positive 0.07%, and a positive 0.22%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.20% (last week), 0.22% (last month), and 0.22% (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

  • Usd/jpy trades with positive bias above mid-148.00s, intervention fears cap gains ahead of US NFP. According to FXStreet on Friday, 6 October, "The outlook, meanwhile, remains supportive of elevated US Treasury bond yields, which assists the US Dollar (USD) to stall a two-day-old corrective slide from the YTD peak and lends some support to the USD/JPY pair. ", "Heading into the key data risk, speculations that Japanese authorities will intervene in the foreign exchange market to support the domestic currency might continue to act as a headwind for the USD/JPY pair. "
  • Usd/jpy to surge above 150 on stronger-than-expected NFP – MUFG. According to FXStreet on Friday, 6 October, "It seems therefore more likely that we will see USD/JPY grind higher and retest that level just above the 150 mark that prompted a sharp reversal. "
  • Usd/jpy scales to three-day high after robust US NFP report amid Japanese intervention threats. According to FXStreet on Friday, 6 October, "The USD/JPY increased towards a high of 149.53 before reversing its course and stabilizing at around 149.20. ", "Although there was no official statement regarding last Tuesday's 200 plus pip fall of the USD/JPY from around 150.00, the exchange rate remains well-suited below the latter. "

More news about EUR/CHF (EURCHF).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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