Swiss franc news

USDCHF Forecast The USDCHF still made insignificant movement yesterday, still trapped in range area of 1.0888 – 1.0640. We are still in bearish correction phase, but the main trend remains bullish. The triple top formation around 1.0888 area indicating potential bearish reversal scenario but only confirmed by a consistent movement below 1.0640 targeting 1.0507 even 1.0400 [...]

Swiss Franc is mildly lower after SNB left three-month Libor target unchanged at 0.25 and reiterated its stance to"prevent excessive appreciation of the Swiss franc against the euro," which would "result in an undesired tightening of monetary conditions."

Finally some important economic figures were released today after a calm week of no important economic figures. Today the SNB Swiss National Bank kept its key interest rate on hold at 0.25%, they mentioned that they still looking towards a weak Swiss Franc to help to stabilize the Swiss Economy and support the exports. This comment gave us a sign that the USDCHF is likely to rebound again to break…

Daily Video Technical Update: GBP/USD, USD/CHF, AUD/NZD Provided by FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

The Swiss franc appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the CHF 1.0690 level and was capped around the CHF 1.0725 level. As expected, Swiss National Bank kept its three-month Swiss franc Libor target rate unchanged at 0.2% today.

USD/CHF closed lower on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain neutral to bearish hinting that a long-term high might be in or is near. Closes below the reaction low crossing are needed to confirm that a long-term high has been posted.

The Swiss National Bank is meeting today for their interest rate meeting. Consensus is that they will leave rates unchanged at 0.25%. What Forex traders will be watching is any word about possible future intervention, as the Swiss Franc continues to strengthen against the Euro.

The parity EUR/CHF seems to take up its bearish trenda after a break between 1.4625 and 1.4650. 1.4625 is now acting as resistance. We maintain to trade only short positions as far as the price is below 1.4625.

Update on supports and resistances.

The pair remains vulnerable to the downside towards the 1.0647 level, its Mar 03'10 and the 1.0607 level, its Feb 09'10 low as it continues to retain its corrective to consolidation tone. With a medium term uptrend set off from the 0.9910 level in Nov'09 halting at 1.0896 on Feb 19'10 and subsequently collapsing to a low of 1.0647 on Mar 03'10, further downside weakness is likely to retarget that …

FXstreet.com (Barcelona) - The Swiss Franc has remained steady trading at session lows in a range... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Swiss National Bank has decided to keep the interest rate at0.25%... For more information, read our latest forex news.

Usd/chf - 1.0705 ... SNB kept interest rate unchanged at 0.25% as widely expected. SNB expected 2010 GDP growth at around 1.5% versus prev. forecast of 0.5-1.0% n forecasted 2010 inflation at 0.7% against prev. expectation of 0.5%.

FXstreet.com (Barcelona) - After falling around 40 pips during the European session from 1.0725 to... For more information, read our latest forex news.

The break out of 1.0740 gave us a new sell signal. We maintain to trade only short positions as far as the parity is moving into its bearish channel. The break out of 1.0650 will give a new sell signal.

EUR/USD Buy at 1.3621 SL 1.3589 TP 1.3698 USD/JPY Buy at 90.22 SL 89.90 TP 90.94 GBP/USD Buy at 1.4948 SL 1.4916 TP 1.5036 USD/CHF Sell at 1.0726 SL 1.0758 TP 1.0642

FXstreet.com (Barcelona) - Dollar decline from 1.0790/00 area found support at 1.0645 low on... For more information, read our latest forex news.

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Technical analysis for major currencies with major support and resistance levels and recommendations for 11-03-2010

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The Swiss Franc may see a pick-up in volatility against the Euro as the Swiss National Bank makes its monetary policy announcement, with traders keen to see if policymakers will further relax their posture on currency market intervention.

USDCHF Forecast Boring, boring, boring. The USDCHF made another insignificant movement yesterday. As you can see on my weekly chart below, we have 5 Dojis so far indicating more than a month of indecisive movement as price still trapped in range area of 1.0888 – 1.0640. Well, always a look at the bright side that this [...]

The Swiss National Bank is widely expected to hold the benchmark interest rate at 0.25% in March as the central bank aim to balance the risks for the economy, and comments following the rate decision is likely to spark increased volatility in the exchange rate as investors weigh the outlook for future policy.

The parity EUR/CHF is currently testing a break out of the suppor towards 1.4625 However, the price is finding support on its fomer bearish slant (purple line). As far as the price is below 1.4636 (last highest), we will advise to trade only short positions.

USD/CHF closed higher on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bearish hinting that a long-term high might be in or is near.

Update on supports and resistances.

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Checking the daily chart, we can see how the trend is bearish and, little by little, it gets closer to 1.46. It's a market that requires much patience to trade, as it's very easy to get in at the middle of the range. From the one hour chart, we see how the 200 days MA is the ceiling of the market in March. The annual low is the potential bullish rebound area.

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FXstreet.com (Barcelona) - The US dollar has fallen to a hit a daily low versus the Swiss franc at... For more information, read our latest forex news.

The earthquake in Chile may cost the global insurance industry as much as $7bn (£4.7bn), Swiss Re estimates.

The Euro weakened versus the Dollar after lower than expected CPI data in Switzerland contributed to the assessments that the next rate hike in Europe will be at 2011 and not sooner.

FXstreet.com (Barcelona) - The Euro continues trading lower against the Swiss Franc, and rejection... For more information, read our latest forex news.

EUR/USD Sell at 1.3605 SL 1.3637 TP 1.3528 USD/JPY Sell at 90.15 91 90.47 TP 89.43 GBP/USD Sell at 1.4981 SL 1.5013 TP 1.4893 USD/CHF Buy at 1.0747 SL 1.0715 TP 1.0831

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Technical analysis for major currencies with major support and resistance levels and recommendations for 10-03-2010

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USDCHF Forecast The USDCHF made another indecisive movement yesterday, still trapped in range area of 1.0888 – 1.0640 as you can see on my h4 chart below. Boring, but we have to patiently waiting. The best strategy remains to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 – 1.0900 area [...]

1.0740 is back as support but 1.08 seems to act as resistance. Besides, the parity is still moving into its bearish channel and as far as it is the case, we maintain to trade short positions. A new break out of 1.0740 will give a new sell signal.

The pair is rebounding 115 pips since yesterday's session, trading now at 1.0776 francs per dollar. The price rebounded on the 1.0767 technical level and is focusing on 1.0794. The bands of Bollinger show a volatility of only 80 pips in the hour, while the 14 days RSI is on neutral ground, as well as the MACD.

Price action on USD/CHF, a daily chart of which is shown, has consolidated in a tight, slightly bearish consolidation right underneath a key long-term downtrend resistance line extending from the 2008/09/10 high hit in November 2008. Since recently hitting this trendline in mid-February, price has bumped up against it several more times without breaking the dynamic resistance imposed by the line.

Update on supports and resistances.

USD/CHF closed lower due to long covering on Monday. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish hinting that a short-term high might be in or is near.

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Switzerland CPI for the month of February at 0.1% which is lower than the expected 0.2% and higher than the previous -0.1%, while on the year it fell to 0.9% from 1.0% which was also what the markets presumed.

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FXstreet.com (Barcelona) - The dollar has extended its rally versus the Swiss franc past the 1.0740... For more information, read our latest forex news.

EUR/USD Sell at 1.3633 SL 1.3665 TP 1.3556 USD/JPY Sell at 90.09 91 90.41 TP 89.37 GBP/USD Sell at 1.5026 SL 1.5058 TP 1.4938 USD/CHF Buy at 1.0728 SL 1.0696 TP 1.0812

FXstreet.com (Barcelona) - Swiss inflation is under control, according to the consumer price index... For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

Technical analysis for major currencies with major support and resistance levels and recommendations for 09-03-2010

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USDCHF Forecast The USDCHF was indecisive yesterday, leave us in range area of 1.0888 – 1.0640 area. We have no significant technical movement so far and price still consolidating but still in the context of bullish major scenario. I think the best strategy remains to short around 1.0888 or long around 1.0640 with tight stop loss. [...]

The parity EUR/CHF don't seems to take care anymore of its slant which acted as resistance during the last bearish movement. Currently, the price don't suceed to break the support at 1.4625. A rebound on 1.4650 is still possible. We stay neutral as far as the price is between 1.4625 and 1.4650. We ...

The break out of 1.0740 gave us a new sell signal. The parity is currently making a pullback on this level which should act as resistance. We maintain to trade only short positions as far as the parity is moving into its bearish channel. The objective is now at 1.0650.

Update on supports and resistances.

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Swiss annual Retail Sales (Real) came in at 4.4%, in line with the revised reading from 4.7% and higher than the forecasted 2.3%.