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Switzerland

The Swiss franc *might* go lower, but only so farThe Swiss Franc has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt. In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second arrow points up from declining support and the I arrow points up from monthly support. Either way, the USDCHF will bounce up from one of these lines, though as a caveat, a break below and I'd be closing off all your CHF positions. RSI and CCI are overbought, a confirmation from the MACD would confirm buying opportunity. Selling CHF also pays overnight premium.
Long
by maccabean
CHFGBP bullish falling wedgeI have posted a bearish trade on this same pair from a descending triangle (see link), the profit target of which is outlined here as the lower green line. If this wedge breaks out at 7 then the other trade will be closed out and I will have to hope for a win on this trade to make up for that loss. If the market hits the support line before the profit is met then I will manually close the trade at a profit and wait for the falling wedge to break and enter this trade. This trade The profit target is set at lovely previous structure. Due to the large number of hit points and converging wedge edges a break out is imminent.
Long
by olly_price
2