what is chf?

Exchange Rates 09.09.2022 analysis

NZD/CHF has been decreasing since last year. It lost as much as 6,000 pips and has broken through the June low as of today. This scenario points at a potential correction in the pair.

Exchange Rates 09.09.2022 analysis

So, starting from the current prices, traders should place buy limit orders, with an increment of 500 pips. Take profit on a breakdown, either at 1 pip above the first order or after a 1,000 pip movement.

This strategy is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For this reason, we recommend using swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements.

Good luck and have a nice day! Don't forget to control the risks!

Relevance up to 11:00 2022-09-10 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but

Intraday Market Analysis – CHF Bounces Back

Intraday Market Analysis – CHF Bounces Back

Jing Ren Jing Ren 12.04.2022 07:57
USDCHF hits resistance The Swiss franc rallies across the board as traders dump risk assets for safe haven ones amid uncertainty. The latest rebound came to a halt at 0.9370 from the late March sell-off. The RSI’s double top in the overbought zone prompted intraday buyers to take profit, weakening the upward momentum. A bullish close would lift offers to the recent peak at 0.9460, where strong selling pressure could be expected. A breakout may extend the rally to 0.9600. Otherwise, 0.9240 is the closest support to test the bulls’ resolve. EURGBP attempts rebound The sterling softened after Britain’s GDP fell short of expectations in February. The euro found support in the demand zone between 0.8300 and 0.8310, an important level from the daily chart. The ensuing break above 0.8360 flushed out some selling interests and could pave the way for a sustained bounce. 0.8400 is the next hurdle and its breach may propel the single currency to the previous high (0.8510). An overbought RSI may cause a temporary pullback and the bulls may see it as an opportunity to join in. US 30 struggles for support The Dow Jones 30 turns south as US Treasury yields continue to climb. The index briefly found support over the 30-day moving average (34200). A bullish RSI divergence indicates a deceleration in the current sell-off. Nonetheless, the bulls’ struggle to push past 35000 suggests that short-term sentiment remains cautious. On the downside, a fall below 34200 could trigger a broader liquidation, causing an extended consolidation in the days to come. 33500 at the origin of the previous breakout would be the next support.
Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

US Dollar Is Likely To Experience Volatility In The Coming Weeks (EUR/USD), UK Retail Data Exceeds Market Expectations (EUR/GBP), SNB Turns Hawkish Causing the CHF To Rally (EUR/CHF) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 20.05.2022 15:22
Summary: Euro showing upside potential. UK economic data exceeds market expectations. SNB turns hawkish, which acts in favour of the CHF. Investors turning to JPY in times of market uncertainty. Read next: (EUR/USD, EUR/GBP) Market Participants Betting On A More Hawkish ECB, A Dovish BoJ Weighs On The Safe-Haven Currency (USD/JPY) - Good Morning Forex!  The US Dollar is likely to experience volatility during the next trading week. Market sentiment for this major currency pair is reflecting a bullish market sentiment. The next trading week is full of economic data releases which are likely to impact the US Dollar, on Thursday the Fed’s preferred inflation reading PCE will give the market an indication of the growing pressures in the U.S. The Euro is also showing upside potential as investors expect the European Central Bank (ECB) will tighten their monetary policy during the summer. EUR/USD Price Chart UK retail data exceeds market expectations. Market sentiment for this currency pair is showing mixed signals. The GBP saw a positive market turn around on Friday after a positive market turnaround. UK sales volume data raised by 1.4% in April following a fall of 1.2% during March. The data release exceeded the market expectation of -0.2%. The data shows that UK households are showing resilience in the current economic environment. EUR/GBP Price Chart CHF rallies on Friday Market sentiment is showing bearish signals for this currency pair. On Thursday the Swiss Franc began to rally after the president of the Swiss National Bank (SNB) announced that they are ready to act on the rising inflation which is currently at 2.5%. EUR/CHF Price Chart GBP/JPY currency pair Market sentiment is showing bearish signals for this currency pair. This currency pair is sensitive to risk appetite, as investors begin to turn away from risky investments, the JPY tends to strengthen due to its safe-haven asset. GBP/JPY Price Chart Read next:Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com

currency calculator