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GBP/CHF is Now in a New Downtrend after being Rejected By Trendline

  • Written by Joaquin Monfort

The GBP/CHF was trading around 1.3025 late Tuesday after falling almost a percentage point thus far in the week, although signals coming from the charts suggest more losses may be just around the corner for the exchange rate.

Read more: GBP/CHF is Now in a New Downtrend after being Rejected By Trendline

Pound-Franc Exchange Rate Forecast: March Highs in Cross-Hairs

  • Written by Joaquin Monfort

CHF

The technical picture for GBP/CHF is more bullish following last week’s surge which almost surpassed the key 1.3423 March highs, and broke above the 200-week moving average (MA) which was capping gains at 1.3274 and was seen as a major obstacle to an upside extension.

Read more: Pound-Franc Exchange Rate Forecast: March Highs in Cross-Hairs

Pound / Swiss Franc Uptrend Stalls at Trendline

  • Written by Joaquin Monfort

Franc exchange rate

The Pound-to-Franc exchange rate is trading at 1.3182 at the time of writing, and our technical studies suggest the pairs rapid 2019 ascent will struggle to extend in the short-term.

Read more: Pound / Swiss Franc Uptrend Stalls at Trendline