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.



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
  • #Gold is consolidating slightly higher this week, around $1,850, after the precious metal's failed attempt at breaking above the $1,870 level last week. $XAU $GLD
  • US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. $GOVT $IEF $USD
  • Hey traders! Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • $EURGBP is currently trading around 0.8855, nearing the lows set around 0.8840 last week. A break below this level would mark the pair's lowest level since May. $EUR $GBP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.50%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: -0.17% Oil - US Crude: -0.27% View the performance of all markets via
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.49% 🇬🇧GBP: 0.40% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: 0.06% View the performance of all markets via
  • The DAX is breaking lower out of a short-term topping sequence, the pattern discussed on Thursday as having the potential to at least induce a pullback within the context of a larger uptrend. Get your #DAX market update from @PaulRobinsonFX here:
  • Yellen officially sworn in as Treasury Secretary by VP Harris. $USD
  • Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed $Gold
Forex Technical Outlook: USD/CHF Rallies to Fresh Monthly Highs

Forex Technical Outlook: USD/CHF Rallies to Fresh Monthly Highs

Michael Boutros, Strategist

The U.S. Dollar is back on offense with the greenback stronger against all its major counterparts this week. USD/CHF has broken through near-term resistance after reversing off support last week with our outlook weighted to the topside while above the weekly open.

USD/CHF Daily Price Chart

USD/CHF Price Chart - Daily Timeframe

Technical Outlook: The Swiss Franc has been under considerable pressure (USDCHF higher) since rebounding off the lower parallel of this slope formation extending off the December high (red). The advance has continued to trade within the confines of a well-defined ascending pitchfork formation extending off the yearly lows with the rally surpassing the median-line today in US trade.

The focus remains higher while above highlighted confluence slope support around ~9380 with initial topside objectives eyed at 9513, the 100% extension at 9544 and the 50% retracement at 9613.

New to Forex Trading? Get started with this Free Beginners Guide

USD/CHF 120min Price Chart

USD/CHF Price Chart - 120min Timeframe

Notes: A closer look at Swissy price action sees the pair breaking above near-term resistance today at 9459- the immediate advance remains viable while above this threshold with near-term bullish invalidation set to the weekly open at 9371.

Why does the average trader lose? Avoid these Mistakes in your trading

Bottom line: Price just broke though near-term uptrend resistance and keeps the focus higher while within this formation. We're likely to get some pullback here as momentum drifts into overbought territory but from a trading standpoint, I’ll favor fading weakness while above 9371 targeting the upper parallels. A break below this level would invalidate the long-bias with such a scenario risking a drop toward the lower parallel, currently just below 9300.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy.

USD/CHF IG Client Sentiment

USD/CHF IG Client Sentiment
  • A summary of IG Client Sentiment shows traders are net-long USDCHF- the ratio stands at +2.57 (72.0% of traders are long) – bearishreading
  • Traders have remained net-long since Nov 17th; price has moved 5.0% lower since then
  • Long positions are 8.7% lower than yesterday and 4.8% lower from last week
  • Short positions are11.0% higher than yesterday and 21.3% higher from last week
  • We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDCHF prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USDCHF price trend may soon reverse higher despite the fact traders remain net-long.

See how shifts in USD/CHF retail positioning are impacting trend- learn more about sentiment!


Relevant Data Releases

USD/CHF Economic Calendar

Other Setups in Play

- Written by Michael Boutros, Currency Strategist with DailyFX

To receive Michael’s analysis directly, please sign-upto his email distribution list

Follow Michael on Twitter @MBForex or contact him at

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