EUR/CHF Bearish Momentum: 0.84% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.84% for the last 5 sessions. At 16:07 EST on Thursday, 17 August, EUR/CHF (EURCHF) is $0.95.

EUR/CHF’s yearly highs and lows, it’s 1.262% up from its 52-week low and 5.437% 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 0.11%, a negative 0.04%, and a positive 0.20%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.13% (last week), 0.22% (last month), and 0.20% (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

  • Japan Q2 GDP improves to 1.5% qoq versus 0.8% expected and 0.7% prior, usd/jpy slides below 145.50. According to FXStreet on Tuesday, 15 August, "Following the data, USD/JPY refreshed intraday low to 145.37, around 145.45 by the press time, while extending the late Monday’s U-turn from the highest level since November 2022, as well as probing the five-day uptrend."
  • Usd/jpy consolidates near mid-145.00s, just below YTD peak set on Tuesday. According to FXStreet on Wednesday, 16 August, "The USD/JPY pair holds steady around mid-145.00s during the Asian session on Wednesday and remains well within the striking distance of its highest level since November 2022 touched the previous day.", "This might influence the USD price dynamics and provide some impetus to the USD/JPY pair. "
  • 145 to 146 is the area where usd/jpy is trading “naturally” – commerzbank. According to FXStreet on Wednesday, 16 August, "With USD/JPY levels in the mid-145s, nobody seems to be afraid of interventions, economists at Commerzbank report."
  • Usd/jpy price analysis: bulls could pause near ascending channel hurdle, around 146.00. According to FXStreet on Tuesday, 15 August, "The fundamental backdrop, however, suggests that the path of least resistance for the USD/JPY pair is to the upside.", "The subsequent fall could then drag the USD/JPY pair to the 144.00 mark and then to the 143.30 horizontal support."

More news about EUR/CHF (EURCHF).

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