USD/CHF

Forex Trading - The USD/CHF Pair Re-enters Channel (CLICK FOR CHART)

Alex Chernomordin — Sun, 24 Aug 2008 22:19:44 -0400

The USD/CHF pair moved back into our old channel after a brief stint below on some relative USD weakness last week. In addition the pair ran into an old resistance level at 1.1030 area, detailed in the chart below. The significance of this level is obvious with the USD/CHF trading lower each time it has hit that level and the large time frame used to devise the 38.2% retracement also speaks to its importance (November 2005 highs and the March 2008 lows.) Stay tuned for further developments on this analysis as the pair might retest its recent highs with a slew of US Economic and Housing data due out this week. CLICK THE ATTACHED CHART FOR THE WEEKLY VIEW AND THE FULL RETRACEMENT ANALYSIS.

Forex Trading - USD/CHF Still Holding the Channel and Retracement!!! (CLICK FOR CHART)

Alex Chernomordin — Wed, 20 Aug 2008 21:51:55 -0400

Reviewing our old USD/CHF channel, we note again how well it's held for over a month, with recent upside and downside movements reacting strongly to the channel (view the highlighted areas below.) In addition to our channel, we've incorporated retracement levels using the highs from 11/16/05 and the lows from 3/16/08. Zooming in on the 38.2% retracement on the hourly, we notice that the key 1.1030 area which tops our channel. The pair seems to be consolidating its recent gains right below and a real break of the channel or this key resistance area could create a new dynamic for the pair ahead of any significant geopolitical or economic events.

Forex Trading - USD/CHF Still Holding the Channel North (CLICK FOR CHART)

Alex Chernomordin — Thu, 14 Aug 2008 03:38:51 -0400

Revisiting the USD/CHF channel we began examining last month, we notice that the channel has held relatively well for over a month and is now approaching a significant resistance barrier. The 1.0971 resistance level noted below was last seen in Jan/Feb of 2008 when the Swissy broke through against the USD leading to the July lows that began our channel. It will be interesting to see the pair's reaction as it attempt to break that barrier and possibly move higher. Will it straddle this level for a few months as it did earlier this year? Will it move higher after some consolidation here? We will be tracking this pair closely in the coming months, with possible geopolitical events greatly affecting the pair ahead of the US Presidential elections in November.

Forex Trading - USD/CHF Analysis on the Daily

Alex Chernomordin — Thu, 07 Aug 2008 04:26:08 -0400

Reverting back to the US Dollar Swissy channel we have been reviewing on the 4-hour chart the last few weeks, we notice more significant levels approaching as we take a step back and look at the pair on the daily chart. The daily resistance we have noted on the chart below is a significant level for a number of reasons, most notably because it is directly below the 200 day moving average. In addition, we broke this level to the downside toward parity in the beginning of 2008 and retraced and tested it again to the upside in May, where it held as resistance. A break through this level and the 200 day moving average could bring the USD/CHF back to levels not seen since last year. (CLICK TITLE TO VIEW CHART)

Forex Trading - USD/CHF Analysis

Alex Chernomordin — Wed, 06 Aug 2008 05:40:46 -0400

Revisiting the US Dollar Swissy chart, we notice the USD probed our daily resistance and then fell off, trading below our channel. After a relatively uneventful Fed meeting and the USD losing a little momentum after yesterday's move, significantly higher levels in this pair today would be surprising. However, with some more chatter in regards to Iran's written reply, without the contents of the response made public yet, more event risk exists on the geopolitical front. The 50 day moving average looks like it could provide some support to the downside on the pair.

Forex Trading - USD/CHF Holding the Channel North

Alex Chernomordin — Tue, 05 Aug 2008 04:51:36 -0400

In the USD/CHF channel we have been examining since the lows made just above parity in July, we notice the channel has held all the major moves to the upside as the USD has strengthened with oil prices falling and a relative lull in negative geopolitical developments. The Fibonacci retracement detailed below utilizing the June highs and July lows shows how the pair has retraced back to the highs and is looking to test daily resistance (105.48). We will keep our ear to the pavement, watching out for news that can affect the pair.

Forex Trading - USD/CHF Back in the Channel

Alex Chernomordin — Wed, 23 Jul 2008 06:28:11 -0400

After some US Dollar weakness the last few trading sessions, the USD/CHF pair has re-entered the upward channel it began off the lows on 7/15 just above parity. As the pair trades toward resistance, the markets could be looking for some US Dollar stability and fewer negative geopolitical headlines to get some steam behind the pair.

Forex Trading - USD/CHF Geopolitical Circumstances in Play

Alex Chernomordin — Mon, 21 Jul 2008 05:17:07 -0400

With the US Dollar fighting back against the Swiss Franc in the upward channel displayed below, one notices the 50 day moving average crossing the 200 day moving average almost 3 days after the move to upside began. As a safety play in times of political turmoil the Swiss Franc seemed to be losing its bid as reports of peripheral US involvement in negotiations with Iran began to hit the wire. The pair is trading in the aforementioned channel toward daily resistance at 1.0262.

Forex Trading: USD/CHF rather range bound as it lags USD/JPY...

Michael FX — Mon, 02 Jun 2008 04:02:50 -0400

USD/CHF rather range bound as it lags USD/JPY. We are getting a little bounce from the support shown and techs at this point favour perhaps the top of the range.

Forex Trading: USD/CHF paid through trendline resistance but looking a little weak in the teens...

Michael FX — Wed, 28 May 2008 04:59:38 -0400

USD/CHF paid through trendline resistance but looking a little weak in the teens.