FXEMPIRE
All

Swiss Franc is Showing, How it Suppose to be Done

Stocks are climbing up; Gold is undergoing a bearish correction so it looks that risk associated with the Middle East tension is gone. Maybe yes, but there still is one instrument from the safe heaven group, which is showing a great strength – Swiss Franc.
Tomasz Wiśniewski
Swiss Franc is showing, how it suppose to be done

We will start with a small update about the USDCHF, which we were talking about few days ago. Back then, we pointed at the flag pattern and the price bouncing from the crucial resistances. We were bearish. USDCHF did not disappoint us and easily broke the lower line of the flag aiming south. Yesterday’s breakout triggers us a legitimate sell signal.

Next one is the AUDCHF, which also was on our radar in one of our previous analysis. Here, there was no surprise as well. The price tested crucial resistances and after drawing a flag, went lower. The sentiment is negative and the AUDCHF is aiming the lows from the August 2019.

Last one is the EURCHF, where we have a similar setup, so a breakout of the lower line of the flag and a sharp drop. We are also mentioning this instrument to show You the power of the technical analysis. The price patterns in particular. The whole drop started with the head and shoulders pattern and the breakout of its neckline. Then, we had a rectangle and the breakout of its lower line. Then a flag mentioned above. Real beauty and I wish You to find more handsome setups like that in the future!

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US