Live - Updated 56 minutes ago.After closing the previous trading day at 0.9162, Dollar-Swiss is up to 0.9171, which makes for a move of 0.1%/8 pips today.
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Dollar-Swiss's lower Bollinger Band® is at 0.9119, indicating that the market is oversold and fertile for new buyers.
With market volatility ebbing, the current technical outlook indicates Dollar-Swiss will remain range-bound for the immediate future.
While Dollar-Swiss is up today, these currencies are lagging behind: EUR/JPY is down to 141.18, losing 49 pips, after closing at 141.68 in the preceding trading session. GBP/JPY closed at 160.12 (down 0.35%). USD/JPY is down 31 pips from the beginning of the session and now trades around 130.47.
Dollar-Swiss struggles to make headway in listless market; currently at 0.9171 .
As the trading week gets on its way, USD/CHF is up to 0.9171, after closing yesterday at zero. Overall, a 0% move or 9,170 pips this week. (Start trading Dollar-Swiss at FXTM today).
