Swiss Franc Technical Outlook

  • GBP/CHF faces large confluent assessments at 200-week Easy Shifting Common and trendline resistance
  • AUD/CHF rides bullish momentum after clearing main shifting common on trendline help
  • EUR/CHF aiming to breakout from an Ascending Triangle sample after 100-day SMA breach

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GBP/CHF Technical Outlook

The Swiss Franc has been on the mercy of British Pound would possibly for the reason that begin of the yr and now faces a serious check as GBP/CHF meets its downward trending 200-week Simple Moving Average. Together with the long-term shifting common, a descending trendline from the Could 2016 swing excessive sits straight overhead and will present some confluent resistance.

These obstacles doubtless function probably the most substantial factors of resistance for Sterling bulls to beat earlier than setting sights on larger floor versus the Franc. An upside break might give solution to additional features, bringing the successive decrease highs set all through the previous few years into view. Alternatively, a breakdown right here might sap bullish power and ship the pair again to 1.2200 – a degree of resistance seen within the post-pandemic 2020 buying and selling vary.

GBP/CHF Weekly Chart


Chart created with TradingView

AUD/CHF Technical Outlook

When stacked in opposition to the Australian Dollar, the Franc hasn’t seen kinder therapy. In actual fact, the Aussie-Greenback has been on an absolute tear in opposition to CHF, with AUD/CHF breaking above its 200-week SMA simply final week with relative ease. Up to now the cross has proven no indicators of slowing down, however given the rate in its transfer larger, a short-term pullback can be unsurprising.

An unusually steep trendline from the post-pandemic March low gives a degree for bulls to regroup earlier than pushing larger. The just lately defeated 200-week SMA can also give an affordable level for costs to consolidate on a down transfer. Costs might lengthen larger, nevertheless, with the MACD oscillator persevering with to drive larger and the Relative Strength Index showing to be shifting additional to the upside regardless of being in overbought territory.

AUD/CHF Weekly Chart


Chart created with TradingView

EUR/CHF Technical Outlook

In step with the theme versus the British Pound and Australian Greenback, the Franc’s technical posture versus the Euro seems set for losses. EUR/CHF is at the moment testing an Ascending Triangle’s horizontal resistance after breaking above the 100-week SMA. Whereas usually a continuation sample, a break above resistance might reverse the sample’s previous downtrend and provides solution to recent multi-month highs.

Momentum seems primed to hold costs larger, with the MACD line crossing above its sign line. The Relative Power Index can be bullishly positioned to the upside with open air above earlier than hitting its overbought zone. If resistance holds, nevertheless, a return to the triangle’s ascending trendline could also be on the playing cards.

EUR/CHF Weekly Chart

EUR/CHF Price Chart

Chart created with TradingView


— Written by Thomas Westwater, Analyst for

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