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
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
Mixed
USD/JPY
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
Gold
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 0.20% Silver: 0.05% Oil - US Crude: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mkH6RHyUWa
  • Fed's Dudley: I think the FOMC will introduce a standing repo facility $USD $DXY $TNX $XAU
  • Heads Up:🇺🇸 USD Pending Home Sales (YoY) (DEC) due at 15:00 GMT (15min), Actual: N/A Expected: N/A Previous: 5.6% https://www.dailyfx.com/economic-calendar#2020-01-29
  • With #Brexit just two days away $GBPUSD continues to fall back but remains above support from a trendline that previously provided resistance. Get your market update from @MartinSEssex here: https://t.co/Ob6V41D7Xr https://t.co/i80owQcrHJ
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.62% France 40: 0.60% US 500: 0.43% Germany 30: 0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/v1q53AT9Qq
  • RT @JNJNews: "As soon as we learned of the risk of coronavirus, we at #JNJ started the preparation to make a vaccine."—Paul Stoffels, Vice…
  • US Dollar Perched at Highs Ahead of FOMC: Will USD Reverse? https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/01/29/us-dollar-perched-at-highs-js-ahead-of-fomc-will-usd-reverse.html https://t.co/PAtegLSfZY
  • RT @PpollingNumbers: #NEW #Iowa @Civiqs/@IowaStateU Poll: Sanders 24% Warren 19% Buttigieg 17% Biden 15% Klobuchar 11% Yang 5% Steyer 4% Ga…
  • 🇺🇸 USD Advance Goods Trade Balance (DEC), Actual: -$68.3b Expected: -$65.5b Previous: -$63.2b https://www.dailyfx.com/economic-calendar#2020-01-29
  • 🇺🇸 USD Wholesale Inventories (MoM) (DEC P), Actual: -0.1% Expected: N/A Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-01-29
Swiss Franc Opportunity at 8650/75

Swiss Franc Opportunity at 8650/75

2011-05-06 21:52:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

60 Minute Bars

eliottWaves_usd-chf_2_body_usdchf.png, Swiss Franc Opportunity at 8650/75

Prepared by Jamie Saettele, CMT

Bigger picture, it appears that the decline from December 2010 is complete…at least temporarily. The near term trend is bullish as the advance from the low is a clean 5 wave affair. Look lower near term towards 8646/75 (61.8% and 50% retracements). A 2nd wave (or B wave) low should form in that zone.

Support/Resistance Index (M,W,D) – 0, (1), 2

Latest Video (market thoughts in lieu of video yesterday)

Monthly Forecast

Weekly Forecast

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market.  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.