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
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.09% Gold: -0.49% Silver: -0.77% View the performance of all markets via
  • US Senator Mitt Romney: I am very optimistic about the bipartisan infrastructure plan $USD $DXY
  • USD/CAD hits its highest level in a month, briefly trading above 1.22 prior to Wednesday's FOMC meeting $USDCAD
  • WTI crude oil has room to rally further. Around the 77 mark lies substantial long-term resistance. Get your #crudeoil market update from @PaulRobinsonFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.59%, while traders in France 40 are at opposite extremes with 80.14%. See the summary chart below and full details and charts on DailyFX:
  • Markets are trading like the Fed is tomorrow and Ronaldo is on the TV scoring goals. How many people are going to watch the US close vs France-Germany?
  • webinar starting right now pre-FOMC price action setups around the $USD. Topics - 1. usd setups ahead of the fed 2. expectations on taper and what's in store for tomorrow 3. gold and oil, commodities the focal point
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.09% France 40: 0.07% Germany 30: 0.01% US 500: -0.18% Wall Street: -0.25% View the performance of all markets via
  • CBOE to extend global trading hours for VIX and SPX options to nearly 24 hours beginning Nov. 21, 2021 #VIX $SPX
  • $USDCAD now at r2 next spot on my chart 2250 covering in webinar in 30 mins
USDCHF Price Well Placed to Bounce From Channel Support

USDCHF Price Well Placed to Bounce From Channel Support

Martin Essex, MSTA, Analyst

USDCHF price analysis:

  • The USDCHF price is close to channel support and the 1.00 parity level; a bounce now seems possible.
  • Meanwhile, retail traders are overwhelmingly short the pair and a contrarian view of crowd sentiment also suggests the outlook is bullish.

USDCHF chart positive

USDCHF is close to the lower bound of a rising channel that has been in place for the past two months and could well bounce from there. Moreover, at 1.0019 at the time of writing, it is not far from the 1.00 parity level, which is also likely to be difficult to break through.

If these supports hold, the likely targets are the February 15 high at 1.0090 and then the February 13/14 highs just under 1.01. However, to the downside, a break of trendline support could lead to a slide back to the February 10 low at 0.9985.

USDCHF Price Chart, Hourly Timeframe (December 17, 2018 – February 19, 2019)

Latest USDCHF price chart.

Chart by IG (You can click on it for a larger image)

Meanwhile, traders are exceptionally short the pair – expecting it to fall. Retail trader data show that just 21.6% of traders are net-long, with the ratio of traders short to long at a remarkable 3.64 to 1. In fact, traders have remained net-short since January 17, when USDCHF traded near 0.9811; the price has moved 2.4% higher since then. The number of traders net-long is 4.9% higher than yesterday and 0.8% lower than last week, while the number of traders net-short is 20.9% higher than yesterday and 122.3% higher than last week.

At DailyFX, we typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDCHF prices may rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDCHF-bullish contrarian trading bias.

Resources to help you trade the forex markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at or on Twitter @MartinSEssex

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