USD/CHF Price Analysis: US Dollar faces stiff resistance, retreats below 0.8000
USD/CHF trims some of its earlier gains on Tuesday as the market mood improved on a Reuters headline that a senior Iranian official said Tehran is reviewing positively Pakistan’s two-week ceasefire proposal, which pushed US equities higher. At the time of writing, the pair edges towards its opening price, up 0.08% at 0.7978.
USD/CHF Price Analysis: Technical Outlook
The USD/CHF technical picture appears constructive, but a failure to clear 0.8000 is exacerbating a pullback towards 0.7950. Price action suggests that the uptrend is intact, as the series of subsequent higher highs and higher lows remains intact, but a break below the 200-day Simple Moving Average (SMA) at 0.7941 could put the uptrend at risk. A breach of the latter will expose the 20-day SMA at 0.7918, followed by the April 1 low of 0.7904.
Conversely, if USD/CHF rises above 0.8000, this opens the door for further upside. The next area of interest will be the March 31 swing high at 0.8042, followed by the 0.8100 mark.
Momentum-wise, the Relative Strength Index (RSI) is bullish, suggesting buyers remain in charge.
USD/CHF Price Chart — Daily
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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VIPAI Asset Sell-Off and Selective Rotation in Crypto
1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.
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