USD/CHF was in a long-term downtrend until the pair found a floor at the end of 2023.
USD/CHF has risen over 8.0% since the start of 2024. It has broken above some very important levels. The question now is, has USD/CHF changed trend? Since then USD/CHF has made steady progress higher, gaining over 8.0% in the first three months of 2024. An interesting question now is whether from a technical point of view, the long-term trend has changed from bearish to bullish? This is important because, as the old adage goes “the trend is your friend until the bend at the end.
Because it has formed two, however, this cannot now be the case. Momentum has been reasonably solid during the move higher, though not quite as strong as the bearish momentum on the corresponding way down – this unfortunately is evidence the move may yet still be only a pullback within a broader downtrend. The difference in momentum is mild, however, reducing the risk that is the case.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CHF Price Analysis: Upswing stalls but found support nearby 0.9100The USD/CHF retreats from year-to-date (YTD) highs reached on Wednesday and drops below the 0.9100 figure as risk appetite improves.
Read more »
USD/CHF Price Analysis: Consolidates above 0.9100 near YTD highsThe US Dollar posts minimal gains versus the Swiss Franc in the mid-North American session and gains 0.12%, trading at 0.9127 at the time of writing.
Read more »
USD/CHF Price Analysis: Rising in a channelUSD/CHF is rallying in an ascending channel on the daily chart.
Read more »
Comparison: 2023 Hyundai Santa Fe vs 2023 Kia Sorento PHEVs | Car ReviewsHow to choose between the 2023 Hyundai Santa Fe PHEV vs 2023 Kia Sorento PHEV? Auto123 compares two attractive plug-in SUVs options.
Read more »
US Dollar Outlook & Sentiment Analysis: EUR/USD, GBP/USD, USD/CHFThis article offers a comprehensive review of retail sentiment on the U.S. dollar, focusing on three key popular pairs: EUR/USD, GBP/USD and USD/CHF. Additionally, we assess potential directional outcomes from the vantage point of contrarian signals.
Read more »
USD/CHF IG Client Sentiment: Our data shows traders are now at their least net-long USD/CHF since Sep 26 when USD/CHF traded near 0.92.Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/CHF price trend may soon reverse higher despite the fact traders remain net-long.
Read more »