• 2 days Microsoft Beats Estimates as Earnings Season Heats Up
  • 3 days NFT Craze Could Get Bigger with Youtube
  • 3 days Crypto Pain Continues as Bitcoin Hits 6-Month Low
  • 7 days Earnings Season Might Bring Relief to Battered Tech Sector
  • 9 days Banking Stocks Could Be Set For Another Bumper Year
  • 10 days Crypto Mining Migration Continues As Bans Line Up
  • 11 days The Meme Stock Craze Could Lose Out to Crypto
  • 14 days Banking Sector Booming As Stock Market Lags
  • 15 days Has Bitcoin Stopped Bleeding? Some Analysts Seem To Think So
  • 15 days Amazon ‘Competitor’ Charged With Crypto Fraud Scheme
  • 16 days As Competition Heats Up, Cable TV Mega-Merger Revived
  • 17 days China’s Road To Tech Independence
  • 22 days 3 Major Bearish Catalysts For The U.S. Economy In 2022
  • 24 days VR Industry Boomed During Holiday Season
  • 24 days 3 Global eCommerce Brands Have Overtaken Amazon
  • 25 days Another Banner Year for Billionaires
  • 30 days Top 3 Predictions For Bitcoin In The New Year
  • 31 days China Moves To Tighten Rules For Companies Looking To List Abroad
  • 32 days Fake Reviews Go All The Way To The Top
  • 38 days Airlines Want The Government To Ditch Emergency Testing For Covid-19
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 - Time To Reload Bearish Positions

USD/CHF's momentum is definitely bearish. Key resistance is given at a distance at 1.0344 (15/12/2016 high). Closer resistance is given at 0.9935 (03/02/2016 high). The road is clearly wide-open for further decline.

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