News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
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
More View more
Swiss Franc January High (USDCHF Low) in Jeopardy

Swiss Franc January High (USDCHF Low) in Jeopardy

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc January High (USDCHF Low) in Jeopardy

Prepared by Jamie Saettele, CMT

The USDCHF has continued to drop but I am abandoning the bearish bias for several reasons. Price remains above the early month low of 9304 (statistically significant), price channels in a corrective manner from the top (view on an intraday chart), and bears must still contend with the trendline that extends off of the 11/30 and January lows.

Bottom Line – flat

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

DISCLOSURES