(VIANEWS) - USD/CHF (USDCHF) has been up by 2.6% for the last 21 sessions. At 19:07 EST on Thursday, 29 February, USD/CHF (USDCHF) is $0.88.
USD/CHF's yearly highs and lows, it's 6.158% up from its 52-week low and 6.324% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CHF's Forex is considered to be overbought (>=80).
News about
- Eur/usd hits fresh weekly low around 1.0800 on broad-based USD strength. According to FXStreet on Wednesday, 28 February, "The said area should act as a key pivotal point, which if broken decisively could make the EUR/USD pair vulnerable to accelerate the fall back towards retesting sub-1.0700 levels, or a three-month low touched on February 14.", "On the flip side, the 1.0850 region seems to act as an immediate resistance, above which the EUR/USD pair could make a fresh attempt to conquer the 1.0900 round figure. "
- Eur/usd mixed on Wednesday but pointed downward. According to FXStreet on Wednesday, 28 February, "Daily candlesticks remain hamstrung on the 200-day Simple Moving Average (SMA) near 1.0830, and the EUR/USD continues to drift into median bids despite a bullish recovery from the last swing low into 1.0700. "
- Eur/usd analysis: beware of renewed selling - 28 February 2024. According to DailyForex on Wednesday, 28 February, "According to the performance on the daily chart attached, the price of the EUR/USD currency pair is in a neutral position, and the general upward trend will not be confirmed without moving towards the psychological resistance level of 1.1000 again. ", "On the other hand, over the same period of time, the EUR/USD pair will return to its broader downward path by moving towards the 1.0730 support level again. "
- Eur/usd depreciates on risk-off sentiment ahead of eurozone, US data, trades around 1.0840. According to FXStreet on Wednesday, 28 February, "On the other hand, Kit Juckes, Chief Global FX Strategist at Société Générale, highlights the significance of whether the Federal Reserve or the European Central Bank cuts rates first or most aggressively in determining the direction of the EUR/USD pair this year."
- Eur/usd signal: neutral outlook with a bullish bias - 28 February 2024. According to DailyForex on Wednesday, 28 February, "Looking ahead, the next key EUR/USD news to watch will be the upcoming US GDP numbers. ", "The EUR/USD pair has held steady this week even after the weak US consumer confidence report. "
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