ICFX

CHF at breakdown point

Short
Swiss frank Index shows weakness. Bears managed to maintain the battle positions and close on frontline aka trendline. Further bearish advance is likely. Price is likely to push to 200 day sma.

What does the breakdown mean?

USDCHF AND DOLLAR INDEX - UP
EURCHF - UP
EURUSD - DOWN
CHFJPY - DOWN

Top Absolute Correlation 1 Day

1 USDCHF - EURUSD -98.1%
2 USDCHF - USDX 97.5%
3 USDCHF - USDPLN 95.4%
4 USDCHF - XAGUSD -92.7%
5 USDCHF - USDSEK 92.6%
6 USDCHF - USDCZK 92.2%
7 USDCHF - USDSGD 91.7%
8 USDCHF - XAGAUD -91.6%
9 USDCHF - XAGEUR -91.3%
10 USDCHF - EURSGD -91.3%


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