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Friday, 5 July 2019

Swiss Franc (CHF) bullish in a coming week? Trend and Momentum on 5-Jul-2019

As a result that Switzerland and EU failed to agree on their future relationship, the investors of each economy are not able to trade stocks listed on each other's stock exchange since last Monday. While the impact for the long term is still not clear, some says there is no immediate impact on Swiss side and EU maybe more badly affected. Another source says high frequency traders will be the most affected badly.

>> [SWI] Has the EU scored an own goal with Swiss stock exchange freeze?
>> [Bloomberg] Swiss Stocks Trade Smoothly on Day One Without EU Recognition

In the meantime, some trend and momentum of CHF indicates that CHF could surge in a coming week. Picked up some better fitted ones, here is the trend and momentum of CHFJPY and USDCHF respectively.

[CHFJPY]


[USDCHF]

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