The Franc is the legal tender and currency of Switzerland and Liechtenstein. Banknotes are issued by the Swiss National Bank and coins are issued by the federal mint, Swissmint. Banks and financial institution use CHF as the ISO code for the currency while “ Fr.” is primarily used by businesses and advertisers. Listed as one of the richest countries in the world, Switzerland maintains some the highest GDP-per-capita statistics in the world.
Hello everyone, this is not a trade at the moment as the price seems bullish. 0.786 and 0.886 could be an interesting area to sell this pair upon confirmation that in fact this pattern is in play.
Your opinion is always welcomed
Major resistance – 1.02048 (Nov 30th high)
Major support – 1.0000 (100% projection of 1.0248 and 1.00672 from 1.01817)
The greenback has renewed buying interest after declining till taking support near 1.0020. USD/CHF jumped till 1.01780. The pair is currently trading around 1.01625.
Trend continuation is ...
CADCHF has retraced to a 50% retracement line that has held for almost two years, so there's a good probability that this line will once again provide resistance. If the 50% line fails, next potential short entry for me (on a daily time frame) would be at the red 61.8% retracement line.
The not-very-clear pink ...