News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.
  • Nasdaq 100 may hit new high soon.
  • HSTECH index has likely formed an "Inverse Head & Shoulders" pattern.
  • The HSI has likely formed a “Double Bottom” chart pattern, which is usually viewed as bullish-biased.
  • When markets are falling, how can you short sell? Learn more here:
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!
  • Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer. Get your weekly Euro forecast from @MartinSEssex here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Gold prices moved higher last week, but an upbeat US retail sales report underpinned Treasury yields on Friday, which weighed on bullion. Chinese Q3 GDP is in focus for XAU traders. Get your weekly gold forecast from @FxWestwater here:
  • Equity traders often focus their approach on specific sectors, designed to fit with their approach and style. What sector are you going to target? Read more to find out!
Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

Swiss Franc Technical Forecast: USD/CHF, GBP/CHF Chart Levels to Watch

Thomas Westwater, Analyst

Swiss Franc Technical Forecast – Talking Points

  • USD/CHF may continue 2020 downtrend on triangle break
  • GBP/CHF rebounds above key moving average within channel

USD/CHF Technical Forecast

Since January, the Swiss Franc surrendered ground versus the US Dollar, with USD/CHF up nearly 3.5% on a year-to-date basis. However, a Symmetrical Triangle pattern has taken shape through this year. That may result in the currency pair breaking lower and continuing the preceding downtrend. The Franc gained nearly 10% versus the Greenback in 2020.

Currently, prices are perched above the 100-day Simple Moving Average, which has been providing support since early August after prices bounced higher from triangle support. While symmetrical triangles typically lead to a continuation of the prior trend, a breakout higher is not off the cards. Prices may continue to consolidate within the pattern, but a slightly bearish bias is present while in the triangle.

USD/CHF Daily Chart

usdchf, westwater, triangle

Chart created with TradingView

GBP/CHF Technical Forecast

The Swiss Franc’s technical posture against the British Pound has improved in recent months after weakening sharply in the first quarter of this year. GBP/CHF is now trading within a descending channel. The currency pair rebounded from support last week after falling quickly from the upper bound of the channel in early August.

The rising 200-day Simple Moving Average (SMA) appeared to provide a level of support after CHF bulls failed to maintain downward momentum below the key level. MACD and RSI are turning higher currently, with the MACD line eyeing a cross above its signal line, a bullish sign. That said, prices may rise to test the channel’s resistance level again. That puts the short-term outlook in a bullish position, although beyond that, a move lower looks more likely.

GBP/CHF Daily Chart

gbpchf, westwater, channel

Chart created with TradingView

Written by Thomas Westwater, Analyst for

To contact Thomas, use the comments section below or @FxWestwater on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.