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EUR/CHF may form a triple top

EUR/CHF may form a triple top

Information is not investment advice

For 3 weeks in a row, EUR/CHF tried to close above the resistance line connecting October and February highs and failed. If we study the price action at the daily chart, we’ll see a pattern that resembles a “triple top”. To sell the euro it’s necessary to have the confirmation in the form of the pair going below the 200-day MA at 1.1340. The next levels to watch on the downside will then be 1.1320 (50% Fibo retracement of the March-April advance) and 1.1280 (61.2% retracement). The pair needs to return above 1.14 for bulls to regain strength.

EURCHF d.png

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USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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