USD/CHF Price Analysis: Surges above 0.9000 as bulls eyeing 50-day EMA

USD/CHF pair surges past the 0.9000 figure, aiming for a 50-day EMA test at 0.9025 after printing a bullish hammer on the daily chart, turning bias to neutral upwards.
USD/CHF rally could challenge the 100-day EMA at 0.9137 if the 50-day EMA is breached, setting sights on the April 3 daily high of 0.9196.
Despite a neutral 3-day RoC, RSI indicates a bullish turn, suggesting USD/CHF bulls are gathering momentum.

Christian Borjon Valencia FXStreet

USD/CHF climbs above the 0.9000 figure, eyeing a 50-day Exponential Moving Average (EMA) test at 0.9025 after printing a bullish hammer in the daily chart. The USD/CHF is trading at 0.9015, after hitting a daily low of 0.8975, trades above its opening price by 0.42%.

USD/CHF Price Analysis: Technical outlook

The USD/CHF pair is neutral to downward biased unless it claims the 50-day EMA at 0.9025, which would turn the bias to neutral upwards. It should be said the USD/CHF printed a new daily high, above the May 2 high of 0.8995, opening the door for further upside. If USD/CHF cracks the 50-day EMA, the pair will test last week's high of 0.9063 before rallying toward the 0.9100 mark. That would further cement a bullish bias, with the USD/CHF about to challenge the 100-day EMA at 0.9137, on its way to the April 3 daily high of 0.9196.

Notably, the Relative Strength Index (RSI) indicator turned bullish and just bounced off the 50-midline, a sign of USD/CHF bulls gathering momentum; while the 3-day Rate of Change (RoC) remains neutrally biased.

Therefore, the USD/CHF trend would likely continue upward. On the downside, the USD/CHF's first support would be the 0.9000 figure, which, once cleared, the pair would dip to the 20-day EMA At 0.8968.

USD/CHF Price Action – Daily chart

USD/CHF

Overview
Today last price	0.9019
Today Daily Change	0.0040
Today Daily Change %	0.45
Today daily open	0.8979

Trends
Daily SMA20	0.8938
Daily SMA50	0.9032
Daily SMA100	0.9148
Daily SMA200	0.94

Levels
Previous Daily High	0.8997
Previous Daily Low	0.8941
Previous Weekly High	0.9063
Previous Weekly Low	0.892
Previous Monthly High	0.9198
Previous Monthly Low	0.8852
Daily Fibonacci 38.2%	0.8963
Daily Fibonacci 61.8%	0.8976
Daily Pivot Point S1	0.8947
Daily Pivot Point S2	0.8916
Daily Pivot Point S3	0.8891
Daily Pivot Point R1	0.9004
Daily Pivot Point R2	0.9029
Daily Pivot Point R3	0.906

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.