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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Low
High
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
Low
High
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
USD/JPY
Mixed
Low
High
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
  • Tune in to @JMcQueenFX's #webinar at 1:45 AM ET/5:45 AM GMT for live coverage of the UK #GDP. Register here: https://t.co/bpZzPpx2yb https://t.co/buaGdvXIs7
  • 🇯🇵 Industrial Production YoY Final (MAY) Actual: -26.3% Expected: -25.9% Previous: -15% https://www.dailyfx.com/economic-calendar#2020-07-14
  • $USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/EoFBiVss6y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.69%, while traders in US 500 are at opposite extremes with 74.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KEifgdky1z
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.11% 🇦🇺AUD: -0.01% 🇬🇧GBP: -0.02% 🇨🇭CHF: -0.04% 🇳🇿NZD: -0.10% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tdHfhlRoON
  • Heads Up:🇯🇵 Industrial Production YoY Final (MAY) due at 04:30 GMT (15min) Expected: -25.9% Previous: -15% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.09% Wall Street: 0.08% FTSE 100: -1.47% France 40: -1.61% Germany 30: -1.83% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/8NLFFxuuXr
  • RBNZ Credit Conditions Survey - New Zealand banks report a decline in demand for credit during first half of 2020. - Banks indicate lending standards are likely to tighten.
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/0KdF1bvOXW
  • 🇨🇳 Balance of Trade (JUN) Actual: $46.42B Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
EUR/CHF Fibonacci Confluence

EUR/CHF Fibonacci Confluence

2011-03-01 17:02:00
James Stanley, Strategist
Share:

USD volatility has a lot of traders sitting on the Sidelines of the FX Market. I trade these situations a little differently; I look for cross-pairs that might have some tradable opportunities.

Currently – I’m on EUR/CHF waiting for my entry. I’ll account for the additional volatility in the environment by using entry orders, adjusting my money management, and I will try as hard as I can to be patient for my entry to open.

I had taken EUR/CHF down during most of the move that had taken place from early November through the end of December. Euro strength, combined with Swiss weakness on profit taking moved the pair up approximately 800 pips, and over the past two weeks its gotten back into that bearish swing.

From the attached chart, notice 2 fibs applied, one from the 2/14 high to the 2/24 low, the other from the 2/24 low to the high of today. After hitting the high for today – I may have gotten what I was looking for which was bearish price action indicating the upswing may be over. Rather than rush in at the market, I’m drawing my line in the sand at ~2820, with stop at slightly above 2900. Possible support at ~2770 will be handled by moving stop to breakeven and perhaps an additional lot. I’m looking to take this to new lows in the ~2400 neighborhood.

3-1-2011_body_Picture_1.png, EUR/CHF Fibonacci Confluence

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

DISCLOSURES

News & Analysis at your fingertips.