USD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the very end of February the Dollar/Franc has been following two upward-sloping trend-lines, even though for several times they were violated for short time periods. Still, a distinct bullish trend is clearly visible. Moreover, these are  some signals that the Greenback will continue gaining ground against the Swiss Franc. At first, one-hour technical indicators are pointing to the north, supporting an advance in the near term. In addition to that, 55% of SWFX market participants are holding long positions on the Buck. All in all, this pair has been also gradually appreciating in long-term perspective, namely since a drop of January 15, when the Franc abandoned its peg to the Euro.

© Dukascopy Bank SA
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