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
Dollar Takes out February High against Franc

Dollar Takes out February High against Franc

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_usd-chf_body_usdchf.png, Dollar Takes out February High against Franc

Prepared by Jamie Saettele, CMT

The USDCHF has taken out 9263, which shifts focus to the 50% and 61.8% retracements of the decline from the January high. Those levels are 9342 and 9401. The former is reinforced by the 50 day average and the latter the 1/13 low. Structurally, the rally is probably a B wave within an A-B-C decline from the January high. Support is 9200/30.

Bottom Line – flat

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

DISCLOSURES