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EUR/CHF Bearish Momentum: 0.9% Down In The Last 5 Sessions

ViaNews Editorial Team

August 23, 2024

EUR/CHF Bearish Momentum: 0.9% Down In The Last 5 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.9% for the last 5 sessions. At 06:06 EST on Friday, 23 August, EUR/CHF (EURCHF) is $0.95.

EUR/CHF's yearly highs and lows, it's 4.928% up from its 52-week low and 4.582% 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 0.25%, a negative 0.10%, and a positive 0.31%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.25% (last week), 0.40% (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 Thursday, 22 August, "However, The USD/JPY pair gainedground as the JPY depreciated following the record trade deficit report released on Wednesday. ", "For support levels, the USD/JPY pair might navigate the region around the psychological level at 144.00 A break below this level could lead the pair to navigate the area around a seven-month low of 141.69, which was recorded on August 5. "
  • Usd/jpy price forecast: recovers 146.00 but remains bearish. According to FXStreet on Thursday, 22 August, "After printing a long-legged doji, the USD/JPY aims higher yet is shy of clearing Wednesday's high of 146.90, keeping the pair range bound. ", "For a bullish continuation, the USD/JPY needs to crack the Tenkan-Sen at 146.92. "
  • Usd/jpy: clashing uncertainties – rabobank. According to FXStreet on Wednesday, 21 August, "That said, on a 6-month view, we continue to expect USD/JPY c assuming another BoJ rate hike, potentially around the turn of the year.", "That has not been the case in USD/JPY this summer, Rabobank's Senior FX Strategist Jane Foley notes."
  • Usd/jpy price forecast: hovers around 145.20 post-fed minutes release. According to FXStreet on Wednesday, 21 August, "After falling to a seven-month low of 141.69, the USD/JPY recovered some ground and hit a two-week high of 149.39 before resuming its ongoing downtrend. ", "The USD/JPY trims some of its earlier gains after July's Federal Reserve's meeting minutes hinted the US central bank could ease policy as soon as September. "
  • According to FXStreet on Wednesday, 21 August, "However, it also seems that the Peso is still very much driven by USD/JPY trends. ", "Given we're bearish USD/JPY into September, this suggests more pain for the Peso."

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.