The Swiss Franc Is Quietly Gaining Traction Against Its Peers

A few Swissy crosses have caught our attention as they could point towards the potential for broad, Swiss franc strength.

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, to 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.


Related Articles

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.