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
Subscribe
Please try again
EUR/USD
Bullish
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
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • #Copper extending gains to highest since 2014 in London -BBG
  • Hang Seng Index (HSI) has likely broken a key resistance level of 26,840, propelled by financial stocks: - HSBC (+5.28%) - Standard Chartered (+3.59%) - Ping An Insurance (+2.45%) https://t.co/XBv5In1NJ5
  • Japanese PM Suga says Japan doing everything it can to protect jobs - BBG
  • The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears..Get your $USDCHF market update from @FxWestwater here:https://t.co/yqJbbhAWiu https://t.co/wMZn4SDCp8
  • Precious Metals Technical Analysis: #Gold and #Silver Rebound at Hand? - https://www.dailyfx.com/forex/technical/home/analysis/xau-usd/2020/11/25/Precious-Metals-Technical-Analysis-Gold-and-Silver-Rebound-at-Hand--.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GLD $SLVR https://t.co/wHwsO23TLu
  • Currency traders may eye US PCE inflation data today for clues about continuous rising price levels and how it may impact the Fed’s monetary decisions. Find out more on the DailyFX economic calendar. https://www.dailyfx.com/economic-calendar#today https://t.co/jlmSkHmhE0
  • Japanese PM Suga: - Employment impact from virus being watched closely - Will take continuous action on labor market if needed $USDJPY
  • The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week. Get your market update from @ddubrovskyFX here:https://t.co/urDN2b5Nwd https://t.co/BZg9Si833v
  • I am generally of the mind that the markets have run far beyond fundamentals and value, which doesn't mean it has to stop imminently. Another leg higher could come on behalf of a US stimulus boost which can supplement th... https://t.co/xu2uA2ylXU https://t.co/Ng8hdHjVJk
  • Japan's Nikkei 225 Index nearly 2% higher as Wednesday's trading session opens https://t.co/uoS9pGIvGa
USD/CHF Gets Tricky Intraday; Still Bullish but on Dips

USD/CHF Gets Tricky Intraday; Still Bullish but on Dips

2013-05-21 22:57:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Gets Tricky Intraday; Still Bullish but on Dips

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: An inverse head and shoulders pattern that began exactly 8 months ago (9/14/12) was confirmed last week in the USDCHF. The target from the pattern is 1.0111. In the ‘year of the breakout’, ignore such patterns at your own risk. The top side of the pattern’s neckline served as support last Thursday and price has tested corrective channel resistance on 3 days since last Wednesday. A break above the channel would indicate that the rally is accelerating from that point to much higher levels…and eliminate a corrective interpretation of the advance from .9021. The blue channel is a microcosm of the black channel. Any setbacks are viewed as opportunities to buy against .9520. If price fails to hold .9647, then look for a low near .9577.

FOREXTrading Strategy: Bullish above .9520 with 1.0100 target.

LEVELS: .9520 .9577 .9642 .9722 .9760 .9898

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

DISCLOSURES