Swiss Franc Index Analysis and a New Upward Move Expected

Strength is expected for the Swiss Franc against most currencies soon

 

The Swiss Franc Index has reached strong daily demand zones.

The index has also reached overlapping demand zones on the 4-hour timeframe.

There are also indications of accumulation on lower timeframes.

Furthermore, the index has begun to break the downtrend shown on the chart.

A strong bullish candlestick is present, as illustrated.

 

Movement and Expected Targets


If the current candlestick on the 4-hour timeframe closes bullish, 

as shown, and closes near the high (the peak of the candlestick),

then the current upward movement is expected to continue 

towards the targets identified on the chart.

These targets are located at the 2.6100 and 2.6200 levels, respectively.

If this upward movement continues, it will indicate strength

 for the Swiss Franc against most currencies.