Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here.
Tag - chf - swiss franc
In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area.
There's a 'V-Bottom' pattern, which pushed the price higher. The next bullish target is the previously tested resistance...
We should watch the nearest support at 1.0094 as a potential target. If a pullback from this level happens next...
What are the key levels for the British pound against US dollar and Swiss franc?
On W1, EUR/CHF formed a bearish candlestick with a long upper shadow.
Trade ideas on April 23
The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
CHF/JPY has been consolidating within a pennant formation since February.
It's likely that the market is going to test the nearest support at 1.0000 - 0.9989 and the Moving Averages soon...
The main intraday target is the nearest resistance at 1.0009 - 1.0025. If a pullback from this area happens little later on...