The best and the worst currency pairs: January 27-31
The week was tough for risky assets due to the outbreak of coronavirus. Let’s see which currency pairs showed the best and the worst performance.
Tag - chf - swiss franc
USD/CHF and EUR/CHF dropped: what do the banks say?
On Wednesday, January 15, USD/CHF fell to the minimal level since September 2018. The pair declined after the United States put Switzerland on the watch list as a currency manipulator.
The undone victory for the GBP
Boris Johnson's strict Brexit agenda is putting the GBP under pressure, causing it lose the December 12-13 gains.
The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
MARKET UPDATES
The Australian dollar weakened because of the bigger-than-expected unemployment rate…
Market updates on October 9
We have a lot of USD movers today with the speech by the Fed Chair and the release of the FOMC meeting minutes
Cautious moods entering the market
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/CHF: don’t trust the euro
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
CAD/CHF: long-term trade
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here.
CHF/JPY may decline
On the daily chart, the pair has been rising.