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CHF (Swiss Franc)

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CHF (Swiss Franc)

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.
Dukascopy Dukascopy PRO EURCHF, 240, Short
EURCHF: EUR/CHF Channel Down
24 1 1
EURCHF, 240 Short
EUR/CHF Channel Down

Due to the high trading volume on the Swiss Foreign Exchange Marketplace, it was decided upon doing a short review of the technical situation on the EUR/CHF currency pair. It can be observed that the pair is dominantly trading in two ascending channel patterns. The pair encountered the combined resistance of the channels at the start of August. As a result of ...

Dukascopy Dukascopy PRO USDCHF, 240, Short
USDCHF: USD/CHF 4H Chart: Channel Up
33 0 2
USDCHF, 240 Short
USD/CHF 4H Chart: Channel Up

Recently the US Dollar encountered a support combination of two notable levels of significance against the Swiss Franc. The support consists of the 2016 low level and the lower trend line of the dominant channel down pattern. As a result of the rebound a medium term ascending channel has formed itself. However, its lower trend line has not been fully confirmed. ...

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