USD/CHF Technical Analysis: US Dollar capped by the parity level

Flavio Tosti Independent Analyst

USD/CHF 4-hour chart

USD/CHF broke below the 200-period simple moving average.
USD/CHF is set to lose momentum as a failure to break above the parity level would open the doors to 0.9940 and 0.9880 support.
A break above 1.0000 might invalidate the bearish bias.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.998
    Today Daily change: 42 pips
    Today Daily change %: 0.423%
    Today Daily Open: 0.9938
Trends:
    Previous Daily SMA20: 0.9954
    Previous Daily SMA50: 0.9976
    Previous Daily SMA100: 0.989
    Previous Daily SMA200: 0.9851
Levels:
    Previous Daily High: 0.9955
    Previous Daily Low: 0.9912
    Previous Weekly High: 1.0009
    Previous Weekly Low: 0.9889
    Previous Monthly High: 1.0129
    Previous Monthly Low: 0.9908
    Previous Daily Fibonacci 38.2%: 0.9939
    Previous Daily Fibonacci 61.8%: 0.9928
    Previous Daily Pivot Point S1: 0.9915
    Previous Daily Pivot Point S2: 0.9892
    Previous Daily Pivot Point S3: 0.9872
    Previous Daily Pivot Point R1: 0.9958
    Previous Daily Pivot Point R2: 0.9978
    Previous Daily Pivot Point R3: 1.0001

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to two-week highs beyond 1.1900

EUR/USD is keeping its foot on the gas at the start of the week, reclaiming the 1.1900 barrier and above on Monday. The US Dollar remains on the back foot, with traders reluctant to step in ahead of Wednesday’s key January jobs report, allowing the pair to extend its upward grind for now.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold treads water around $5,000

Gold is trading in an inconclusive fashion around the key $5,000 mark on Monday week. Support is coming from fresh signs of further buying from the PBoC, while expectations that the Fed could turn more dovish, alongside concerns over its independence, keep the demand for the precious metal running.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest. XRP seeks support above $1.40 after facing rejection at $1.54 during the previous week's sharp rebound.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.