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
More View more
Real Time News
  • Tesla opened lower as afterhours trade yesterday suggested we would, but after the gap down, we've had a strong rally this morning. I wonder if the Robinhood-type crowd trades before/after hours or if that is the traditional segment https://t.co/tFVllKbBKb
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.40% Oil - US Crude: -1.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ek6GdiGhQ3
  • The Turkish Central Bank cut its weekly repo rate to 16%, marking a 200bps cut vs expectations for a 50-100bps reduction. Get your market update from @JMcQueenFX here: https://t.co/Gz3yZYqZdn https://t.co/C1PgJsCoGp
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 🇺🇸 Existing Home Sales MoM (SEP) Actual: 7% Previous: -2% https://www.dailyfx.com/economic-calendar#2021-10-21
  • 💶 Consumer Confidence Flash (OCT) Actual: -4.8 Expected: -5 Previous: -4 https://www.dailyfx.com/economic-calendar#2021-10-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.33%, while traders in AUD/JPY are at opposite extremes with 78.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SxDGVT2X2m
  • The Yen pullback has begun $EURJPY was the pair I was focusing on for this and it's off > 100 pips from yday's high $GBPJPY back to trendline support, $AUDJPY back to the 85 handle for a support test https://t.co/nqZi0Q7tRw https://t.co/DP8BXe9lb2
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.02% Silver: -0.62% Oil - US Crude: -0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/313pMTMEnE
USD/CHF Internal Trendline Providing Clues

USD/CHF Internal Trendline Providing Clues

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Internal Trendline Providing Clues

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: “The USDCHF has been a nightmare so far in 2013. After rallying sharply for most of January, price plunged last week and actually ended the month lower. Price has entered a critical zone defined by the February, April and May 2012 lows.” Price has penetrated and closed above the internal trendline that extends off of the July and November highs. This line was resistance on January 4th.

FOREXTrading Strategy: It’s tough to trust the USDCHF right now…flat.

LEVELS: 9021 9115 9150 9221 9274 9388

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

DISCLOSURES