AUD/CAD, EUR/CAD, and GBP/CHF are on the arena.
Tag - chf - swiss franc
Find out the most important events in the market for the upcoming week!
The comment by the US President Donald Trump resulted in the sell-off of the risk-weighted currencies...
The UK PM Boris Johnson's recent announcements leave little space for Brexit's soft landing.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
CHF/JPY formed a “bullish engulfing” pattern on the W1.
GBP/CHF slipped below the 50-day MA this week. The line is currently acting as resistance at 1.1905. Earlier declines below it led to bigger moves down.
Technical analysis of USD/CHF
AUD/CHF met resistance in the 0.7200 area and then turned down.
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...
CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.
The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode.