USDCHF is a dollar proxy, signaling continued gold supportHere is my short-term view: tinyurl.com
A continued weakened USDCHF will support gold prices.
Franc
EURCHF Ready to Bounce Towards Top of 3yr Channel?EURCHF has been drifting towards the lower end of a 3yr channel since the beginning of the year. Although it hasn't touched the 1.200 level the SNB has vowed to defend, it's gotten close enough in recent weeks to attract bargain hunters buying in anticipation of SNB intervention. I'm long at 1.208 and like the risk reward here as the weekly RSI, Stochastics and MACD all tilt higher now appearing to have put in a bottom a month or so back. Keep a close eye on the EURUSD for signs of an interim tradable bottom which should signal the Euro strengthening possibly versus the Swiss franc as well. Visit goo.gl for today's technical analysis on $NG_F, $ZC_F, $USDJPY, $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $USDX, $EURUSD, $EURCHF, $CT_F
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