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EUR/CHF Bearish Momentum With A 1% Drop In The Last 10 Sessions

ViaNews Editorial Team

September 1, 2024

EUR/CHF Bearish Momentum With A 1% Drop In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 1.86% for the last 10 sessions. At 15:06 EST on Sunday, 1 September, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 3.909% up from its 52-week low and 5.509% 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 0.19%, a negative 0.09%, and a positive 0.31%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.32% (last week), 0.39% (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 Friday, 30 August, "Regarding resistance, the USD/JPY pair may test the immediate barrier at the nine-day Exponential Moving Average (EMA) around 145.15. ", "The increase in Tokyo inflation strengthens the Bank of Japan's (BoJ) hawkish monetary policy stance, supporting the JPY and putting downward pressure on the USD/JPY pair."
  • Usd/jpy: enough momentum to break above 145.70– UOB group. According to FXStreet on Friday, 30 August, "There is scope for the USD/JPY pair to advance, but it does not seem to have enough momentum to break the strong resistance at 145.70.", "(This story was corrected on August 30 at12:15GMT to say, in the title and in the first paragraph, that the analysts don't think the USD/JPY pair has enough momentum to break above 145.70.)"
  • Usd/jpy price forecast:  soars past 146.00 boosted by US yields. According to FXStreet on Friday, 30 August, "Short-term buyers are in charge, but they must push the USD/JPY spot price above the Senkou Span A at 146.93 and clear the Kijun-Sen at 148.46 before they can clear the latest cycle high at 149.39, the August 15 daily high.", "The USD/JPY rallied past the 146.00 figure for the first time of the week, as US Treasury bond yields rose sharply following the release of the Fed's favorite inflation report. "

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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