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USD/CHF Price Analysis: Bulls take a breather, still above 21-HMA ahead of SNB

USD/CHF is consolidating its four-day winning streak to two-month highs of 0.9245 amid the ongoing US dollar’s upbeat momentum, as the focus now shifts towards the Swiss National Bank’s (SNB) quarterly monetary policy assessment, due later on Thursday at 0730 GMT.

The SNB is expected to leave the benchmark sight deposit rate unchanged at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%. The central bank is likely to reiterate that it will remain active in the fx markets, despite the recent weakness in the Swiss franc.

Short-term technical outlook
As observed on the hourly chart, the spot edges north, having managed to hold above the critical 21-daily Simple Moving Average (DMA), currently at 0.9228.

The price has formed a Doji candlestick, at the time of writing, suggesting that the buyers are turning cautious ahead of the SNB rate decision.

However, the path of least resistance remains to the upside, with the hourly Relative Strength Index (RSI) inching higher above the midline at 58.80. Also, backing the bullish case, the price trades above all major HMAs.

The major could test the July 24 high of 0.9260 should the bulls regain control. The next barrier is seen at 0.9300.

Alternatively, the 21-HMA support could limit the downside, below which the bears could challenge the intraday lows of 0.9215.

Further south, the upward-sloping 50-HMA at 0.9206 could be put to test should the selling pressure intensify.

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USD/CHF Price Analysis: Bulls take a breather, still above 21-HMA ahead of SNB

USD/CHF is consolidating its four-day winning streak to two-month highs of 0.9245 amid the ongoing US dollar’s upbeat momentum, as the focus now shifts towards the Swiss National Bank’s (SNB) quarterly monetary policy assessment, due later on Thursday at 0730 GMT.

The SNB is expected to leave the benchmark sight deposit rate unchanged at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%. The central bank is likely to reiterate that it will remain active in the fx markets, despite the recent weakness in the Swiss franc.

Short-term technical outlook
As observed on the hourly chart, the spot edges north, having managed to hold above the critical 21-daily Simple Moving Average (DMA), currently at 0.9228.

The price has formed a Doji candlestick, at the time of writing, suggesting that the buyers are turning cautious ahead of the SNB rate decision.

However, the path of least resistance remains to the upside, with the hourly Relative Strength Index (RSI) inching higher above the midline at 58.80. Also, backing the bullish case, the price trades above all major HMAs.

The major could test the July 24 high of 0.9260 should the bulls regain control. The next barrier is seen at 0.9300.

Alternatively, the 21-HMA support could limit the downside, below which the bears could challenge the intraday lows of 0.9215.

Further south, the upward-sloping 50-HMA at 0.9206 could be put to test should the selling pressure intensify.

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美元/瑞郎价格分析:多头喘口气,在瑞士央行之前仍高于 21-HMA

美元兑瑞郎正在巩固其连续四天的涨势至两个月高点 0.9245,因为美元持续走强,现在焦点转向瑞士央行 (SNB) ) 季度货币政策评估,将于周四晚些时候 0730 GMT 公布。

瑞士央行预计将维持基准即期存款利率在-0.75%不变,同时维持3个月Libor目标区间稳定在-1.25%至-0.25%之间。尽管瑞士法郎近期疲软,但中央银行可能会重申其将继续活跃于外汇市场。

短期技术展望
从小时图上观察到,现货价格向北移动,成功守在关键的 21 日简单移动平均线 (DMA) 上方,目前位于 0.9228。

在撰写本文时,价格已形成十字星烛台,表明买家在瑞士央行利率决定之前变得谨慎。

然而,阻力最小的路径仍然向上,每小时相对强弱指数 (RSI) 小幅上涨至中线上方 58.80。此外,支持看涨的情况,价格交易高于所有主要 HMA。

如果多头重新获得控制权,则主要可能测试 7 月 24 日高点 0.9260。下一个阻力位在 0.9300。

另外,21-HMA 支撑可能会限制下行空间,空头可能会挑战盘中低点 0.9215。

再往南,如果卖压加剧,可能会测试向上倾斜的 50-HMA 0.9206。

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美元/瑞郎价格分析:多头喘口气,在瑞士央行之前仍高于 21-HMA

美元兑瑞郎正在巩固其连续四天的涨势至两个月高点 0.9245,因为美元持续走强,现在焦点转向瑞士央行 (SNB) ) 季度货币政策评估,将于周四晚些时候 0730 GMT 公布。

瑞士央行预计将维持基准即期存款利率在-0.75%不变,同时维持3个月Libor目标区间稳定在-1.25%至-0.25%之间。尽管瑞士法郎近期疲软,但中央银行可能会重申其将继续活跃于外汇市场。

短期技术展望
从小时图上观察到,现货价格向北移动,成功守在关键的 21 日简单移动平均线 (DMA) 上方,目前位于 0.9228。

在撰写本文时,价格已形成十字星烛台,表明买家在瑞士央行利率决定之前变得谨慎。

然而,阻力最小的路径仍然向上,每小时相对强弱指数 (RSI) 小幅上涨至中线上方 58.80。此外,支持看涨的情况,价格交易高于所有主要 HMA。

如果多头重新获得控制权,则主要可能测试 7 月 24 日高点 0.9260。下一个阻力位在 0.9300。

另外,21-HMA 支撑可能会限制下行空间,空头可能会挑战盘中低点 0.9215。

再往南,如果卖压加剧,可能会测试向上倾斜的 50-HMA 0.9206。

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