USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Tag - chf - swiss franc
GBP/CHF found resistance in the 1.3100 area (resistance line connecting July and November highs).
EUR/CHF formed an ‘Inside bar’ candlestick pattern followed by a ‘Fakey’.
On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.
On Friday, safe-haven currencies, including the Swiss franc and the Japanese yen were set for decent profits versus the evergreen buck because traders cut their trading positions in risky assets following a volatile week and soaring worries about…
On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.
NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top.
On the daily chart of USD/CHF, the transformation of the "Shark" pattern into the 5-0 one continues.
On Thursday, the Swiss National bank kept its interest rate unchanged at -0.75%. But does it really mean anything for the strong franc?
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0.
Let’s have a look at the economic calendar.