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.

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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇷🇺 Unemployment Rate (MAY) due at 16:00 GMT (15min) Expected: 5.2% Previous: 5.2% https://www.dailyfx.com/economic-calendar#2021-06-21
  • ECB's Lagarde says the ECB still has room to cut rates if needed $EUR
  • ECB's Lagarde says the ECN still has room to cut rates if needed $EUR
  • Rand resumes week in the green. USD/ZAR testing long-term resistance. Get your market update from @WVenketas here:https://t.co/oyHol85sPF https://t.co/ZoTc4bWd4c
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Mar 26, 2021 when AUD/JPY traded near 83.81. A contrarian view of crowd sentiment points to AUD/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/FxH5sekPJl
  • Technically-speaking $GBPUSD's rebound today looks less like a hold to bullish trend convention and more likely a breather in a larger bearish shift. Still, market conditions are still not particularly favorable for trends https://t.co/Zh9XPIcWcs
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.82% 🇳🇿NZD: 0.81% 🇦🇺AUD: 0.74% 🇨🇭CHF: 0.52% 🇪🇺EUR: 0.44% 🇯🇵JPY: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tNVuht89y8
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.52% US 500: 1.15% Germany 30: 1.05% FTSE 100: 0.73% France 40: 0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MTUvyFX2Dm
  • Fed's Kaplan - This level of liquidity being injected encourages people to go out on the risk curve - Not worried this is going to create undue financial instability - But worried about the amount of risk taking
  • Happy Monday Traders! The volatility for the Dollar and major US indices continues this week with a correction in prevailing trends. DailyFX Chief Strategist @JohnKickligher gives you the run down. https://t.co/rxQ1GFgVE6
FX Reversals: USDCHF Intraday Trading Values

FX Reversals: USDCHF Intraday Trading Values

Walker England, Forex Trading Instructor

Talking Points

  • USDCHF is Current Range Bound
  • Range Resistance Sits at .9196
  • Market Breakout Signaled Below .9176

USDCHF 30min Chart

FX Reversals: USDCHF Intraday Trading Values

(Created using FXCM’s Marketscope 2.0 charts)

The USDCHF has failed to break lower, after early trading has moved the pair off of resistance and towards key values of support. At present, price can be considered range bound as it travels between the R3 and S3 camarilla pivot. Range resistance is currently found at the R3 pivot at .9196. While support is found at the S3 pivot at .9182. The distance between these two points has created the 14 pip rage, which has so far defined USDCHF trading. Range reversal traders will look for these values to hold providing future trading opportunities in the absences of a breakout.

Day traders should always be aware of the possibility of a market breakout. Price moving through either support or resistance would signal an end to ranging markets. A move below the S4 camarilla pivot would indicate the market is attempting to break to a lower low, under the S4 pivot at .9176. Conversely a break above R4 resistance at .9202 would signal new upward momentum on the creation of a new high. In either breakout scenario, traders may select to end any range based positions, while looking to take orders with the markets influenced direction.

FX Reversals: USDCHF Intraday Trading Values

Are you unfamiliar with camarilla pivots and trading intraday market reversals? Feel free to catch up, on the latest information using the article series linked below!

Add Pivots in 3 Easy Steps

FX Reversals with CCI and Cam Pivots

Trading Intraday Market Reversals

Forex Breakouts and Pivots

Then, to practice setting up orders using Camarilla Pivots, register for a FREE Forex demo with FXCM. This way you can develop your scalping techniques while tracking the market in real time.

Click HERE to Register Now

---Written by Walker England, Trading Instructor

To contact Walker, email instructor@dailyfx.com. Follow me on Twitter @WEnglandFX.

To be added to Walker’s e-mail distribution list, CLICK HERE and enter in your email information.

Previous Market Setups:

FX Reversals: EURCAD Moves to Range Support

FX Reversals: GBPUSD Tests Resistance on News

FX Reversals: NZDUSD Moves to Resistance

FX Reversals: GBPUSD Reversal Range Update

FX Reversals: AUDNZD Range Update

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

DISCLOSURES