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
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
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.14% Wall Street: 0.11% Germany 30: -0.01% France 40: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/atmX6G9yW2
  • Heads Up:🇪🇺 EUR ECB President Lagarde Speaks in Frankfurt due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F), Actual: 1,0% Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • The $JPY has posted some rare gains against the US Dollar on its daily chart, but important channel support still holds on an intraday basis. Keep a close eye on it now. Get your market update from @DavidCottleFX here:https://t.co/ReMGzu6OjP https://t.co/FkSEGuro3T
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 1% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • European Opening Calls From IG: #FTSE 7259 +0.28% #DAX 13166 +0.22% #CAC 5892 +0.18% #MIB 23339 +0.26% #IBEX 9236 +0.23% #STOXX 3688 +0.21%
  • USD/MXN Technical Analysis: Peso Breaks Down as USMCA Lingers - https://www.dailyfx.com/forex/technical/article/special_report/2019/11/22/USDMXN-Technical-Analysis-Peso-Breaks-Down-as-USMCA-Lingers.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USDMXN #USMCA https://t.co/ZHZWXOGHuW
FOREX Technical Analysis: USDCHF Rally Inching Towards Big 9500 Level

FOREX Technical Analysis: USDCHF Rally Inching Towards Big 9500 Level

2012-11-13 02:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

FOREX_Technical_Analysis_USDCHF_Rally_Inching_Towards_Big_9500_Level_body_usdchf.png, FOREX Technical Analysis: USDCHF Rally Inching Towards Big 9500 Level

Chart Prepared by Jamie Saettele, CMT

FOREXObservations: Opening range implications are bullish USDCHF with the low occurring on day 1 of the month. The advance is stalling ahead of former support/Fibonacci resistance just above 9500. Today’s inside day presents an opportunity to play the next move. A downside break initially exposes 9428 and an upside break 9538 (8/23 low).

FOREXTrading Strategy Implications: I had been looking for a more pronounced dip and a test of 9428 or even former resistance at 9386. This may still happen but one should respect the upside if Friday’s high fails to hold. Trade above 9498 would warrant longs towards 9538 and 9593 (50% retracement) with a stop below the Monday low. Trade below Monday’s low would suggest that the drop into 9428 and perhaps 9386 is underway. In summary, I’m using Friday’s high and Monday’s low as triggers for the next move.

LEVELS: 9342 9386 9428 9503 9538 9593

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

DISCLOSURES

News & Analysis at your fingertips.