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
USD/CHF Fibonacci Level of Interest at .9367

USD/CHF Fibonacci Level of Interest at .9367

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Fibonacci Level of Interest at .9367

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The USDCHF traded below the 7/11 low on Tuesday. This is interesting because the EURUSD has yet to trade above its 7/11 high (1.3205). That could change of course but as long as the EURUSD is below 1.3205, a divergence that has marked many turns in recent months is in place. Specific to USDCHF, watch for support from .9260 to .9280 (61.8% retracement is at .9367).

FOREXTrading Strategy: We are in the right area to look for a low but the closest tradeable low isn’t until .9129.

LEVELS: .9217 .9291 .9367 .9451 .9498 .9533

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

DISCLOSURES