Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Long Swissy at Market

Long Swissy at Market

James Stanley, Contributor

This setup is primarily designed to try to take advantage of a really weak U.S. Dollar. The U.S. Dollar gapped-lower to start the week after French elections, and has continued to find support around the 98.70 level on DXY, which is a 5 ½ month low. And this is for the currency of one of the lone Central Banks looking at hiking rates.

USD/CHF is currently finding support around the .9900-handle, and a bit lower we have a couple of additional swings that can assist with setting risk levels on the pair. Stops will be set to .9788 to get risk levels below the March swing low while taking on approximately 120 pips of risk.

At parity (1.0000), stops will be adjusted to break-even, and the first exit will be at 1.0040; followed by scaled-targets at 1.0095, 1.0155.

Chart prepared by James Stanley

--- Written by James Stanley, Strategist for

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.