• 8 mins Is The Gold Miner Bull Run Coming To An End?
  • 22 hours Are More Stock Splits On The Horizon In The Tech Sector?
  • 1 day How COVID-19 Could Change Elections Forever
  • 2 days Mexico Kickstarts War On Junk Food
  • 2 days How America Could Go Green Right Now
  • 3 days Russian Prestige And American Politics: The COVID Vaccine Race
  • 3 days Is The Silver Rally Over Or Just Getting Started?
  • 4 days Alibaba-Backed Tesla Competitor Set To IPO In The U.S.
  • 4 days Emerging Economies Could Get Left Behind In Race For COVID Vaccine
  • 5 days Dead Malls Could Be Amazon’s Next Target
  • 5 days Unpacking Biden's Energy Plan
  • 5 days Russia Aims To Become World's Top Gold Producer
  • 6 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 6 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 7 days COVID Has Sparked A Surge In Cybercrime
  • 7 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 8 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 8 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 9 days Markets Up On Stimulus Hope
  • 9 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/CHF - Bullish Breakout

USD/CHF keeps on increasing slightly since September 15. Hourly resistance at 0.9885 (01/09/2015has been broken Key resistance lies at 0.9950 (27/07/2016 high). Support can be located at 0.9733 (05/10/2016 base) then 0.9632 (26/08/2016 base low). Expected to see continued increase.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment