EUR/CHF Bearish Momentum With A 1% Slide In The Last 21 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.57% for the last 21 sessions. At 22:06 EST on Thursday, 2 November, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 2.113% up from its 52-week low and 4.764% 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 positive 0.40%, a negative 0.05%, and a positive 0.25%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.40% (last week), 0.31% (last month), and 0.25% (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 oversold (<=20).

News about

  • Usd/jpy price analysis: remains above 151.00 post retreating from a yearly high. According to FXStreet on Wednesday, 1 November, "A decisive break below the latter could open the door for USD/JPY bears to target the 23.6% Fibonacci retracement around 148.28.", "Furthermore, the 14-day Relative Strength Index (RSI) above the 50 level indicates a favorable market sentiment, supporting the notion of bullish momentum for the USD/JPY pair."
  • Usd/jpy should continue to trend higher in the coming weeks – commerzbank. According to FXStreet on Tuesday, 31 October, "In the absence of any signs of intervention from the Japanese Ministry of Finance, USD/JPY should continue to trend higher in the coming weeks."
  • According to DailyForex on Wednesday, 1 November, "The USD/JPY currency pair rose strongly yesterday to trade well above the big round number at ¥151 not far from the 30-year high price made last year, but then fell back after Japan’s currency diplomat Kanda said he would not rule out any steps to respond to disorderly FX moves and that he remains on standby for intervention "if needed". "
  • Usd/jpy technical analysis: testing the highest level in a year – 01 November 2023. According to DailyForex on Wednesday, 1 November, "Recently, USD/JPY is subject to strong and sharp selling, in which the trend may change to strongly bearish in a very short time. "
  • Usd/jpy to push ahead to 152 and prompt aggressive FX intervention – ING. According to FXStreet on Tuesday, 31 October, "Today’s BoJ meeting has not triggered the reset on how we view the Yen and the risk is now that USD/JPY pushes ahead to 152 and prompts the central bank into aggressive FX intervention."

More news about EUR/CHF (EURCHF).

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