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CHF (Swiss Franc)

Predictions and analysis

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USDCHF Bearish scenario breakdown
USDCHF
, 240Short
USDCHF: USDCHF Bearish scenario breakdown

Since we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side. If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there. Again, wait for confirmation and trade...

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.
GBP/CHF 4H Chart: Bearish market
GBPCHF
, 240Short
GBPCHF: GBP/CHF 4H Chart: Bearish market

The British Pound has been depreciating in a channel down against the Swiss Franc after it touched the upper boundary of a dominant channel on January 22. Meanwhile, a breakout occurred through the lower boundary of a triangle pattern as can be observed on the chart. During the following trading sessions, the GBP/CHF pair is likely to continue its bearish path...

AUD/CHF 4H Chart: Meets Resistance
AUDCHF
, 240Long
AUDCHF: AUD/CHF 4H Chart: Meets Resistance

The Australian Dollar is trading against the Swiss Franc simultaneously in two ascending channel patterns. One of them is a dominant one, while the second one represents a rebound in the borders of the larger pattern. Recently the pair revealed junior pattern after a bounce off from the resistance near the 0.7720 mark. It has to be mentioned that the junior...

EUR/CHF Channel Down
EURCHF
, 240Short
EURCHF: EUR/CHF Channel Down
Updated 

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...