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
GBP/USD
Mixed
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
Gold
Bearish
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 03, 2020 when Germany 30 traded near 12,999.10. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/kuP6G13JFT
  • France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 03, 2019 when France 40 traded near 5,464.40. A contrarian view of crowd sentiment points to France 40 weakness. https://www.dailyfx.com/sentiment https://t.co/WGVZYX1IKX
  • Current US Treasury Yield Curve inversion https://t.co/UMfyVhuk4a
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 1.81% Silver: 1.23% Oil - US Crude: -3.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qhKj0AqwkV
  • RT @LiveSquawk: WHO’s Tedros: Increase In #Coronavirus Cases Outside China Is ‘Concerning’ - Virus Has Pandemic Potential, But Is Not A Pa…
  • White House preparing to request emergency spending package from congress to finance Coronavirus response, according to Washington Post
  • $GBPUSD is under modest pressure this morning and looks to make a test for the 1.2900 handle. Get your GBP/USD market update from @JMcQueenFX here: https://t.co/8Ryx7yVmbr https://t.co/TKlBFO3dHm
  • Gold Gap-and-Go Breakout: XAU Fresh Highs as Coronavirus Fear Spreads https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/02/24/Gold-Price-Gap-and-Go-Breakout-XAU-GLD-JS-Fresh-Highs-as-Coronavirus-Fear-Spreads.html $Gold https://t.co/rwoCoxquXk
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.76%, while traders in USD/CAD are at opposite extremes with 70.21%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/xfbR5Xuzhq
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 1.97% Silver: 1.31% Oil - US Crude: -4.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/iEJ8t7CHAM
US Dollar / Swiss Franc 07-02

US Dollar / Swiss Franc 07-02

2010-07-02 16:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

DT 10-07-02_usdchf

The USDCHF has reached the 61.8% retracement of the advance from 9916. It remains possible that the rally from 9916 is the first wave of a longer term bull (diagonal with an extended 5th wave). That would also explain the severity of the decline from 11735. Extended 5th waves are often fully retraced. The former 4th wave extreme at 10430 would be strong support (if reached). Daily RSI is at its lowest level since November 2007 (the USDCHF bottomed on November 23rd and was 800 pips higher a month later).

 

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical analysis of currency crosses on Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.