Home Daily Analysis Charts / Trade Ideas Swiss Franc – It’s Time for Risk-On?

Swiss Franc – It’s Time for Risk-On?

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This week, Swiss Franc futures soared again boosted by the alarm caused by the US vs China trade war, but the next question is, is it time to welcome the risk back?

Our overview

The Swiss Franc 8-hour chart shows the possibility of a marginal upside to the area between 1.0323 and 1.0366. From this region, we expect the start of a new decline. The highest volume traded on August 07 makes us presume that the bullish momentum should end soon. The next path could be developed in a 3-3-5 sequence with a first potential profit target at 1.0133, and the second at 0.9973. The invalidation level is above 1.0400.




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