Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/CHF Price Analysis: Struggles at the confluence of the 50 and the 100-DMA, bears eye the 200-DMA

  • The Swiss franc appreciates some 0.15% vs. the greenback, despite the risk-on mood in the markets.
  • Covid-19 positive news flowing through wires, maintain the Santa Rally alive, to the detriment of the safe-haven status of the greenback.
  • USD/CHF Price Forecast: Upward move stalled at the 50 and the 100-DMA intersection, bears eye the 200-DMA.

The USD/CHF fall continues for the second consecutive day, trading at 0.9177 during the New York session at the time of writing. The Santa Rally arrived, as shown by US equities gaining between 0.69% and 0.85%, as market mood improved. Since Wednesday, investors’ confidence rose when South Africa reported that people infected with the Omicron variant are 80% less likely to be hospitalized. Additionally, the US Food and Drug Administration (FDA) approved Covid-19 emergency treatments to Pfizer and Merck in the last two days, spurring another leg up in stocks.

Risk-sensitive currencies are the day’s gainers in the FX market, led by GBP, the AUD, and the NZD, while the laggards are the greenback and the JPY.

In the meantime, the US Dollar Index, which tracks the greenback’s performance against a basket of six rivals, falls 0.05%, down to 96.03.

USD/CHF Price Forecast: Technical outlook

The USD/CHF stills range-bound, even though it broke below the confluence of the 50 and the 100-day moving averages (DMAs) but so far has been unable to break below the 200-DMA at 0.9175.

On the downside, if the USD/CHF extends its declines, the first support would be the 200-DMA at 0.9176. the breach of the latter would expose the November 30 daily low at 0.9157, followed by a test of the 0.9100 figure.

To the upside, the USD/CHF first resistance would be 0.9200. A decisive break above that level could pave the way for further upside. The next resistance would be 0.9250, followed by the December 15 swing high at 0.9294 and the 0.9300 figure.

 

GBP/USD Price Analysis: Bulls throwing in the towel at weekly resistance

GBP/USD has rallied into a weekly order block from where some meanwhile consolidation would be expected to unfold in the coming sessions. The followin
Read more Previous

EUR/USD fends off test of 1.1300 level, back to eyeing weekly highs above 1.1340 on eve of Christmas Eve

It’s been a choppier session than some might have expected on the eve of Christmas eve. Having dipped to sub-1.1300 levels at one point earlier on dur
Read more Next