🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Swiss Franc Quietly Gaining Traction Against Its Peers

Published 11/13/2019, 12:20 AM
EUR/CHF
-
CHF/JPY
-
CAD/CHF
-
CHF/JPY Performance Chart

Before we see broad strength into or out of a particular currency, its not uncommon to see one or two related pairs take the lead before the others catch up. And that appears to be what is happening across CHF pairs.

  • CAD/CHF is on the cusp of confirming and head and shoulders top, after its momentum shift from multi-moth highs
  • EUR/CHF appears to be taking the lead with its break beneath key support, having completed a 3-wave correction before realigning itself with the dominant, bearish trend.
  • CHF/JPY is coiling up within a small triangle/pennant pattern, having broken out of a large bullish wedge to the upside.
  • So whilst this may have gone unnoticed, it appears that the Swiss franc is quietly gaining attention for the bull camp. Today’s video takes a closer look at these pairs and their key levels.

    Original Post

    Latest comments

    Loading next article…
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.