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
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
More View more
Dollar Franc Outside Day May Signal Reversal

Dollar Franc Outside Day May Signal Reversal

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, Dollar Franc Outside Day May Signal Reversal

Prepared by Jamie Saettele, CMT

The USDCHF is the exact opposite of the EURUSD. The outside day warns of a reversal (bullish) and potentially completed 3 wave decline from the January high. 9090-9110 is resistance in the event of additional strength (20 day average and former lows). Support is 9010 and 8980.

Bottom Line – sideways / higher?

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

DISCLOSURES