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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
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
Wall Street
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
Gold
Bearish
GBP/USD
Bearish
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
  • #Yuan has been underperforming its #ASEAN peers (SGD, IDR, PHP, MYR) as US-China tensions have been resurfacing (over Hong Kong), as expected. Notice how #USD is flat as the #HangSeng fell. To learn more about CNY-ASEAN trends, check out my special here - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/04/17/Yuan-SGD-IDR-MYR-PHP-China-ASEAN-FX-Price-Trends-Since-2008.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Dr0BHzuHQQ
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.00% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.05% 🇳🇿NZD: -0.12% 🇨🇦CAD: -0.14% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HdkFaCg7sp
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.79% France 40: 0.78% FTSE 100: 0.72% Wall Street: 0.58% US 500: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tSax36Fh1j
  • So far this week, #CAD has been the best-performing #G10 FX versus #USD this week with +0.62% spot-returns while #JPY has been the worst with -1.12% [delayed] -BBG
  • A close below the low end of the aforementioned trading zone reflects a stronger bearish momentum and may send USD/CAD towards 1.3511. Get your $USDCAD technical analysis from @malkudsi here: https://t.co/NnyNajRjE9 https://t.co/f7fv8EX89F
  • My trading video for today: '$USDCNH Hits Series Record but Neither $AUDUSD nor S&P 500 Follow' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/28/USDCNH-Hits-Series-Record-but-Neither-AUDUSD-nor-SP-500-Follow.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so. Get your #silver market update from @DavidCottleFX here:https://t.co/00DiZn6XZS https://t.co/J9vu94TSZo
  • Bank of Korea🇰🇷 - Central bank to actively buy government bonds if needed - Considering various steps to stabilize bond markets (BBG) #coronavirus
  • Bank of Korea says US-China tension would be a downside risk to Korea - BBG Learn more about the impact of geopolitics on financial markets from @ZabelinDimitri - https://www.dailyfx.com/authors/Dimitri_Zabelin
  • Bank of Korea says they intend to use tools other than interest rates - BBG #USDKRW #coronavirus
Price & Time: Waiting On USD/CHF

Price & Time: Waiting On USD/CHF

2014-11-05 13:15:00
Kristian Kerr, Sr. Currency Strategist
Share:

Talking Points

  • USD/JPY closing in key extension level
  • Crude nears important Fibonacci convergence zone
  • Nagging divergence persists in USD/CHF

Get real time volume on your charts for free. Click HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Price & Time: Waiting On USD/CHF

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY traded at its highest levels since December of 2007 earlier today
  • Our near-term trend bias is higher in USD/JPY while above 113.15
  • The 200% extension of the October decline near 115.00 in the next important resistance zone
  • A minor turn window is seen early next week
  • A daily close under 113.15 would turn us negative on USD/JPY

USD/JPY Strategy: Like the long side while over 113.15.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

*113.15

113.75

114.45

114.45

*115.00

Price & Time Analysis: USOil

Price & Time: Waiting On USD/CHF

Charts Created using Marketscope – Prepared by Kristian Kerr

  • Crude cracked the 2012 low yesterday to trade at its lowest level in three years
  • Our near-term trend bias is lower in the commodity while below 82.80
  • A convergence of the 50% retracement of the 2008-2011 advance and the 200% extension of the 1H14 range around 75.50/74.80 is the next major downside attraction/pivot
  • An important turn window is eyed around the latter part of the month
  • A close over 82.80 is needed to undermine the immediate negative tone in Crude

Crude Strategy: Like the short side while under 82.80

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

Crude

*74.80

75.50

77.15

79.60

*82.80

Focus Chart of the Day: USD/CHF

Price & Time: Waiting On USD/CHF

The dollar is generally stronger this morning led once again by USD/JPY. There are signs that the latest push higher in the Greenback is becoming more broad based as Cable managed to eke out a new low for the year in early European trade. USD/CHF still remains a point of contention for us as we view the exchange rate in the same vein that Dow theorists view the Transports. USD/CHF printed a new high for the year this week, but only barely and failed to register a new closing high for 2014. We would like to see the exchange rate close over .9667 or break meaningfully above .9690 to negate this potential divergence with the euro and set the stage for a meaningful push higher in the USD into the end of the year. Cyclical analysis suggests that a failure to achieve a new high in USD/CHF over the next few sessions could delay meaningful gains in USD/Europe for several weeks.

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES

News & Analysis at your fingertips.