TriumphFX – Forex Analysis – CHF Pairs – January, February & March 2022


Previous analysis… https://analysis.tfxi.com/2021/10/13/triumphfx-forex-analysis-chf-pairs-october-november-december-2021/

AUDCHF – Daily Chart

AUDCHF Daily Chart

Price reversed around 0.6900, as suggested in our last chart analysis.

AUDCHF has been bearish and has formed a swing lower. Price continues to look indecisive though. The moving averages confirm this – they are tightening and are moving sideways.

Trading opportunities may exist around the moving averages and around any of the horizontal levels at 0.6390, 0.6400, 0.6520, 0.6675, 0.6800, 0.6900, 0.6980, 0.7030 and 0.7150.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

The Reserve Bank of Australia (RBA) continues to keep the official interest rate at the record low of 0.10%. The rate is could stay the same for the near future – possibly until 2024. The RBA are expecting an economic bounce back during 2022. Inflation pressures in Australia seem to be less than in other countries.

CADCHF – Daily Chart

CADCHF Daily Chart

Price has been moving sideways, as suggested in our last CHF chart analysis.

CADCHF is indecisive and is lacking trend momentum. The moving averages confirm the market indecision – they are tight and are moving sideways. Price is potential ranging between 0.7120 and 0.7510.

Trading opportunities may exist around the moving averages and around any of the identified horizontal levels at 0.6840, 0.6885, 0.7040, 0.7120, 0.7475, 0.7500 and 0.7510.

The Bank of Canada (BOC) continues to keep rates at the low of 0.25%. The BOC are expecting economic indicators to continue to improve. A rate increase is currently expected mid-2022. Inflation targets continue to be a priority and the BOC expect inflation to continue to be elevated during 2022.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

EURCHF – Daily Chart

EURCHF Daily Chart

The EURCHF has been bearish.

Price was indecisive but is currently forming a large bearish move lower, suggesting a downtrend. The moving averages confirm this – they are bearish and steady. The EURCHF is looking a little over-extended, signalling a potential retrace move before attempting to move lower.

Selling opportunities could exist around any of the key Fib levels, around the dynamic resistance of the moving averages, around the trend resistance area and around the previous horizontal support levels at 1.0670 and 1.0715. Price may continue to find support arond1.0375.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

The European Central Bank (ECB) continues to keep the official rate at the record low of 0.00%. They believe that the current spike in inflation is transitionary.

GBPCHF – Daily Chart

GBPCHF Daily Chart

As suggested in our last CHF analysis, the GBPCHF closed below the horizontal channel support area and has since been bearish.

Price is below the recent consolidation and has formed a short series of lower swing highs and lower swing lows, suggesting a downtrend. The moving averages are bearish and steady, signalling that the trend could continue.

Shorting opportunities may exist around the dynamic resistance of the moving averages, around the trend resistance area and around the identified horizontal levels at 1.2475, 1.2540, 1.2775 and 1.2820. A bearish move could be rejected or reverse around 1.2100 and 1.1750.

The Bank of England (BOE) have increased it’s official bank rate to 0.25%. Inflation is a concern. The UK Unemployment rate is expected to fall.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

USDCHF – Daily Chart

USDCHF Daily Chart

Price has been bullish and has formed a swing higher, as suggested in our previous chart analysis.

USDCHF is up-trending – price action has formed a series of higher swing highs and higher swing lows. Price is starting to look choppy and indecisive though, suggesting potential sideways price action. The moving averages confirm the potential indecision – they are moving sideways. USDCHF may start ranging between 0.9095 and 0.9355.

Buying opportunities could exist around the longer-term moving average, around the trend support area and around the horizontal support levels at 0.9095, 0.9040 and 0.8945. A bullish move may stall or reverse around the shorter-term moving average and around the horizontal resistance levels at 0.9355 and 0.9440.

The Federal Reserve have stated that they will do everything they can to support the US economy and to help a robust recovery. The current rate is set at 0.25% (record lows). The Fed will be cautious about raising rates, especially with the current Omnicron breakout.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

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