FxWirePro -USDCHF daily outlook

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: EUR/NZD repeatedly capped by key resistance ,bears set to regain control

FxWirePro- Gold Daily Outlook

FxWirePro: GBP/AUD gains some upside momentum but still bearish

FxWirePro: EUR/AUD longs gain traction after RBA holds rates, good to buy on dips

FxWirePro:EUR/NZD struggle to extend its recovery,good to sell on rally

FxWirePro: GBP/AUD tight ranges prevail as market waits for fresh catalyst

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURJPY) for the day)

FxWirePro- Top altcoins for the day (Strength index) (FTTUSD)

FxWirePro- GBPJPY Daily Outlook

FxWirePro:EUR/AUD steadies around 1.6370 ahead of RBA policy meeting

FxWirePro- Gold Daily Outlook

FxWirePro-Major pair levels and bias summary

FxWirePro- Gold Daily Outlook

FxWirePro:EUR/NZD downside pressure builds, key support level in focus

FxWirePro: GBP/NZD under pressure after early buying dries up

FxWirePro- GBPJPY Daily Outlook

FxWirePro: GBP/AUD uptrend gains momentum after RBA holds rates

©Econometrics LLC . All Rights Reserved.

FxWirePro -USDCHF daily outlook

Thursday, August 11, 2022 10:19 AM UTC

The pair tumbled sharply after dismal US inflation data. US inflation slowed from 9.1% YOY to 8.5% YoY, below expectations of 8.7%. The demand for safe-haven assets like the Swiss franc increased due to geopolitical tension between China and Taiwan alos putting pressure on the pair at higher levels. USDCHF hits a low of 0.93933 and is currently trading around 0.94047.

According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep dropped to 42.5% from 68% a day ago.

Bullish scenario-

The primary level to Watch – is 0.9430. Any convincing surge above confirms intraday bullishness. A jump to 0.9480/0.95480/0.9600 is possible.

Bearish scenario-

Intraday support – 0.9380. Break below that level will take the pair to 0.9300/0.9260.

Indicators (1-Hour chart)

Directional movement index – Neutral

CCI (50) - Neutral

It is good to sell on rallies around 0.9438-40 with SL around 0.900 for a TP of 0.9400.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Coinbase Enables Money Transfers via Telegram, WhatsApp, TikTok Links

Nvidia Adapts to US Chip Export Limits, Delays China AI Chip Launch

IBM Unveils Hyper Protect OSO for Enhanced Digital Asset Cold Storage Security

Twitch to Exit South Korea in 2024 Amid High Costs and Video Quality Issues

Ukraine war: Russia's hard line at European security meeting ratchets up tensions another notch

ATP and Lacoste Renew Partnership, Uniting Tennis and Fashion for 2024-2026

WeMade to Set Up WEMIX Play Center in Dubai via Partnership with DIFC

Japan: Myths to Manga – Young V&A exhibition celebrates nature's influence on Japanese culture

Microsoft's ban on third-party controllers on the Xbox excludes some disabled gamers from using the device

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Editor's Picks

Welcome to EconoTimes