EUR/CHF Bearish Momentum: 0.91% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.91% for the last 5 sessions. At 03:06 EST on Wednesday, 8 March, EUR/CHF (EURCHF) is $0.99.

EUR/CHF’s yearly highs and lows, it’s 5.335% up from its 52-week low and 5.535% down from its 52-week high.

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: recovery needs validation from 136.50 hurdle. According to FXStreet on Tuesday, 7 March, "Apart from the trend line breakout, the bullish MACD signals also keep the USD/JPY buyers hopeful as they approach the 100-Hour Moving Average (HMA) hurdle of 136.20.", "Meanwhile, pullback moves remain elusive unless the USD/JPY pair remains beyond the previous resistance line from last Thursday, close to 135.90."
  • Usd/jpy fluctuates at around 135.90s ahead of powell’s speech. According to FXStreet on Monday, 6 March, "The USD/JPY registers minuscule gains as the Asian Pacific session opens after Monday’s session, printed a doji. ", "At the time of writing, the USD/JPY is exchanging hands at 135.91 after hitting on Monday a weekly low of 135.36."
  • Usd/jpy struggles for firm direction, stuck in a range around 136.00 ahead of fed's powell. According to FXStreet on Tuesday, 7 March, "Investors will look for fresh clues about the Fed’s future rate-hike path, which will influence the USD price dynamics and determine the next leg of a directional move for the USD/JPY pair.", "The prospects for further policy tightening by the Fed continue to act as a tailwind for the US Dollar (USD) and lend support to the USD/JPY pair. "
  • Usd/jpy trades with modest losses amid softer usd, downside seems limited. According to FXStreet on Monday, 6 March, "The downside for the USD/JPY pair, meanwhile, seems cushioned amid the divergent Bank of Japan-Federal Reserve monetary policy outlook. ", "The US Dollar kicks off the new week on a subdued note amid a modest downtick in the US Treasury bond yields and turns out to be a key factor weighing on the USD/JPY pair lower. "

More news about EUR/CHF (EURCHF).

Leave a Reply

Your email address will not be published. Required fields are marked *