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
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
More View more
USD/CHF above .9290 Would Increase Confidence in Upside

USD/CHF above .9290 Would Increase Confidence in Upside

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

eliottWaves_usd-chf_body_usdchf.png, USD/CHF above .9290 Would Increase Confidence in Upside

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: The USDCHF traded just above Friday’s high before being jammed into the lows late in US trading. Still, the low on Thursday came at the trendline and just 8 pips below the 2013 open price. The response at the level (also the trendline that extends off of the October 2011 and 2012 lows) was powerful enough to trigger a key reversal last Thursday. Exceeding .9290 and consolidating above that level would increase confidence that a strong move higher is underway.

FOREXTrading Strategy: Long while above .9110. .9470 target.

LEVELS: .9073 .9130 .9200 .9290 .9333 .9389

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

DISCLOSURES