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.

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
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
Oil - US Crude
Bullish
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/DjGHfhIojI
  • Heads Up:🇺🇸 Initial Jobless Claims (26/SEP) due at 12:30 GMT (15min) Expected: 850K Previous: 870K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Continuing Jobless Claims (19/SEP) due at 12:30 GMT (15min) Expected: 12225K Previous: 12580K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (26/SEP) due at 12:30 GMT (15min) Previous: 878.25K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.54% 🇳🇿NZD: 0.51% 🇨🇭CHF: 0.33% 🇬🇧GBP: 0.23% 🇨🇦CAD: 0.21% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QT2HB7F0mC
  • Heads Up:🇺🇸 Personal Income MoM (AUG) due at 12:30 GMT (15min) Expected: -2.4% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Personal Spending MoM (AUG) due at 12:30 GMT (15min) Expected: 0.8% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 PCE Price Index MoM (AUG) due at 12:30 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Core PCE Price Index MoM (AUG) due at 12:30 GMT (15min) Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 PCE Price Index YoY (AUG) due at 12:30 GMT (15min) Previous: 1% https://www.dailyfx.com/economic-calendar#2020-10-01
FOREX Technical Analysis: USD/CHF Tests Friday’s Low as Support

FOREX Technical Analysis: USD/CHF Tests Friday’s Low as Support

2012-11-15 01:30:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

FOREX_Technical_Analysis_USDCHF_Tests_Fridays_Low_as_Support__body_usdchf.png, FOREX Technical Analysis: USD/CHF Tests Friday’s Low as Support

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Monthly opening range implications are bullish USD/CHF with the low occurring on day 1 of the month. Today’s decline reversed after testing Friday’s low (9428). The structure of the decline from 9512 isn’t particularly clean from a structural standpoint.

FOREXTrading Strategy: The larger trend is up against 9294 but reward/risk isn’t favorable at this point. A drop into 9385 would warrant action on the long side. 9473 is potential resistance before the high. Strength above 9512 would open up the 50% retracement at 9593.

LEVELS: 9386 9404 9428 9473 9512 9593

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

DISCLOSURES