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
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
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • Precious Metals Update: #Gold 1471.74 (+0.23%), #Aluminum 1755.00 (+0.80%), and #Copper 5849.00 (+0.64%) [delayed]
  • Event risks for the remainder of the week includes ECB's Financial Stability Review, $CAD Consumer Confidence, #USD FOMC Meeting Minutes, $JPY CPI reading, and ECB President Lagarde will speak in Frankfurt Check out our economic calendar to stay current on the latest releases https://t.co/8Jl5Va6CiQ
  • 🇺🇸 USD Net Long-term TIC Flows (SEP), Actual: $49.5b Expected: N/A Previous: -$41.2b https://www.dailyfx.com/economic-calendar#2019-11-18
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: France 40: 0.19% Germany 30: 0.09% Wall Street: -0.01% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Gz8GGSIMZU
  • #Bitcoin’s price outlook has weakened further after the coin broke beneath its 50-day moving average. Get your $btc market update from @PeterHanksFX here: https://t.co/MkXqsmNVEj https://t.co/3jo7t27leS
  • RT @FactSet: 113 $SPX companies have cited the term "tariff" during earnings calls for Q3, which is 13% below the number for Q2 (130) over…
  • House Leader Hoyer says House will vote Tuesday on Stopgap funding bill
  • Heads Up:🇺🇸 USD Net Long-term TIC Flows (SEP) due at 21:00 GMT (15min), Actual: N/A Expected: N/A Previous: -$41.1b https://www.dailyfx.com/economic-calendar#2019-11-18
  • Senate Leader Mcconnell says Trump ready to sign stopgap spending to December 20th -BBG
  • FX Spot Update: $EUR 1.1076 $JPY 108.6410 $GBP 1.2960 $CHF 0.9884 $CAD 1.3209
Swiss Franc Short Term Triangle a Possibility

Swiss Franc Short Term Triangle a Possibility

2011-03-22 14:41:00
Jsaettele,
Share:

60 Minutes Bars

eliottWaves_usd-chf_2_body_usdchf.png, Swiss Franc Short Term Triangle a Possibility

Prepared by Jamie Saettele

The USDCHF has held above last Thursday’s panic low for 2 days now. I am not advocating a long but I wouldn’t be short here either. Like the USDJPY, such panic moves often mark important lows. A triangle measurement reveals an objective at 8800 (161.8% extension). This latest upward drift may compose a small triangle. The implications are for a thrust to a new low before a more substantial recovery.

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

DISCLOSURES

News & Analysis at your fingertips.