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
GBP/USD
Mixed
USD/JPY
Mixed
Gold
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
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
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.92%, while traders in France 40 are at opposite extremes with 80.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZWJNMPqjFm
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.28% 🇳🇿NZD: 0.17% 🇪🇺EUR: 0.07% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.07% 🇯🇵JPY: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IlSH3Lna8n
  • Heads Up:🇺🇸 USD Building Permits (MoM) (JAN) due at 13:30 GMT (15min), Actual: N/A Expected: 2.1% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • Heads Up:🇺🇸 USD Housing Starts (MoM) (JAN) due at 13:30 GMT (15min), Actual: N/A Expected: -12.0% Previous: 16.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • Heads Up:🇨🇦 CAD Consumer Price Index (YoY) (JAN) due at 13:30 GMT (15min), Actual: N/A Expected: 2.3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-02-19
  • Heads Up:🇨🇦 CAD Consumer Price Index n.s.a. (MoM) (JAN) due at 13:30 GMT (15min), Actual: N/A Expected: 0.2% Previous: 0.0% https://www.dailyfx.com/economic-calendar#2020-02-19
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/sY0X38Obfh
  • 🇺🇸 USD MBA Mortgage Applications (FEB 14), Actual: -6.4% Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in France 40 are at opposite extremes with 80.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8v6pfU4wc0
  • Heads Up:🇺🇸 USD MBA Mortgage Applications (FEB 14) due at 12:00 GMT (15min), Actual: N/A Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
Swiss Franc Working Towards Triangle Base at 7768

Swiss Franc Working Towards Triangle Base at 7768

2011-09-02 07:25:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

300 Minute Bars

eliottWaves_usd-chf_2_body_usdchf.png, Swiss Franc Working Towards Triangle Base at 7768

Prepared by Jamie Saettele, CMT

“Focus in recent days has been on the terminal thrust from the triangle, suggesting that a reversal is around the corner. Furthermore, the USDCHF had nearly reached the triangle breakout objective of 8243. This level is found by extending width of wave a of the triangle (7996-7769) from the breakout level (8016). Now that the USDCHF has indeed reversed, continue to look lower over the next few weeks towards the base of the triangle near 7770.” Near term resistance is 7925/60 and 7990.

Come See Me In Las Vegas!

Trend Strength (M,W,D) – (3), 0, 0

Latest Video

Monthly Forecast

Weekly Forecast

COT

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.