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EUR/CHF Bearish Momentum: 0.87% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.87% for the last 5 sessions. At 10:07 EST on Thursday, 4 May, EUR/CHF (EURCHF) is $0.98.

EUR/CHF’s yearly highs and lows, it’s 3.648% up from its 52-week low and 7.048% 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 0.29%, a negative 0.12%, and a positive 0.29%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.37% (last week), 0.23% (last month), and 0.29% (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 price analysis: set for further downside past 136.00 as fed decision looms. According to FXStreet on Wednesday, 3 May, "Adding strength to the downside bias is the descending RSI (14) line that currently seesaws near the 50.0 level, which in turn suggests the continuation of the latest weakness in the USD/JPY price.", "Even so, a one-month-old ascending support line near 133.80 can act as the last defense of the USD/JPY buyers."
  • Usd/jpy traces yields’ retreat to ease from two-month high towards 137.00 amid US debt ceiling woes. According to FXStreet on Tuesday, 2 May, "Previously, hawkish Fed bets and the BoJ’s defense of the ultra-easy monetary policy, backed by the upbeat US inflation clues via the Core PCE Price Index propel the USD/JPY prices to renew a multi-day high. ", "However, the recent fears about the US debt ceiling expiration seem to prod the quote even if the Bank of Japan (BoJ) doves contrasts with the hawkish Federal Reserve (Fed) bets to defend the USD/JPY bulls."
  • Usd/jpy drops sharply from seven-week highs toward 136.00 as wall street tumbles. According to FXStreet on Tuesday, 2 May, "The Japanese Yen gained momentum during the American session amid risk aversion, causing the USD/JPY to drop from the highest level in seven weeks near 137.75 to 136.36, hitting a fresh daily low."
  • According to DailyForex on Wednesday, 3 May, "The New Zealand Dollar and the Japanese Yen are showing the greatest short-term strength while the US Dollar is clearly the weakest currency, withthe USD/JPY currency pairfalling strongly after making a long-term high closing price two days ago. "
  • Usd/jpy consolidates its recent gains to nearly two-month high, trades below mid-137.00s. According to FXStreet on Tuesday, 2 May, "This marks a big divergence in comparison to the Bank of Japan’s (BoJ) dovish stance, which supports prospects for the emergence of some dip-buying around the USD/JPY pair and should help limit the downside.", "A softer risk tone drives some haven flows towards the Japanese Yen (JPY) and is seen as a key factor exerting some downward pressure on the USD/JPY pair amid subdued US Dollar (USD) price action. "

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