FxWirePro -USDCHF daily outlook

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

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

FxWirePro : EUR/NZD sinks to two-month low with plenty more downside potential

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

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

FxWirePro- EURUSD Daily Outlook

FxWirePro:EUR/AUD drifts lower , could be on verge of a bigger drop

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

FxWirePro- Gold Daily Outlook

FxWirePro : EUR/NZD downtrend extends ,eyes 23.6% fib support

FxWirePro- Gold Daily Outlook

FxWirepro- GBPJPY Daily Outlook

FxWirePro :EUR/NZD heads deeper into bear territory, bears plotting path toward 1.7600

FxWirePro-Major pair levels and bias summary

FxWirepro- GBPJPY Daily Outlook

FxWirePro: GBP/AUD drops below 1.9000 level, heads deeper into bear territory

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro -USDCHF daily outlook

Wednesday, August 10, 2022 7:57 AM UTC

The pair trades lower for the third consecutive day and lost more than 150 pips on board-based US dollar selling. Markets eye US CPI data for further direction. The demand for safe-haven assets like the Swiss franc increased due to geopolitical tension between China and Taiwan. USDCHF hits a low of 0.95094 at the time of writing and is currently trading around 0.95135.

According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 68.50% from 41% a week ago.

Bullish scenario-

The primary level to Watch – is 0.9550. Any convincing surge above confirms intraday bullishness. A jump to 0.9600/0.9650/0.9720/0.9760 is possible.

Bearish scenario-

Intraday support – 0.9470. Break below that level will take the pair to 0.9400/0.9360.

Indicators (1-Hour chart)

Directional movement index – Neutral

CCI (50) - Neutral

It is good to sell on rallies around 0.95480-55 with SL around 0.9600 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

AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024

Can Biden bounce back as the US presidential race turns nastier?

New Balance to Phase Out Use of Kangaroo Skins in Shoes

Honda Announces Release of Honda Prologue, its First Electric SUV in North America

Mister Donut to Launch Instant Ramen in Japan, Celebrating 30 Years of Dim Sum

Intel Ramps Up 'Landmark' Production Using EUV Lithography Machines in Ireland

Blockchain Unicorn Fireblocks Acquires Australian Tokenization Startup BlockFold

US Government Shutdown Raises Concerns Over Crypto Legislation, Economic Data

FxWirePro : EUR/NZD downtrend extends ,eyes 23.6% fib support

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.

Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02

Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon

Tel. +82.2.6332.2245

Editor's Picks

Welcome to EconoTimes