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.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
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
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
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in US 500 are at opposite extremes with 72.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JGa74oRdsK
  • The price of #gold continues to pull back from the yearly high ($1765) following the failed attempt to test the 2012 high ($1796). Get your $XAUUSD market update from @DavidJSong here: https://t.co/JnUaOdlhKp https://t.co/l4mbrzY0wl
  • Fed's Bullard says we have a better probability for a quick recovery compared to previous recessions $DXY $SPX
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: -0.23% Oil - US Crude: -2.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/enkKZQzC4J
  • #Gold Price Technical Outlook: $XAUUSD Correction Approaching Support - https://t.co/XCkrdESFN4 https://t.co/wlvI0myFZm
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.01% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.18% 🇳🇿NZD: -0.43% 🇬🇧GBP: -0.77% 🇦🇺AUD: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rAo0MfnXVB
  • Heads Up:🇺🇸 Fed Bullard Speech due at 16:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-27
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.91% US 500: 0.14% FTSE 100: 0.12% France 40: 0.06% Germany 30: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hZuIomNwSE
  • The United States will not certify the autonomy of Hong Kong, putting its trade status in danger - BBG
  • RT @Lagarde: I am heartened to see this common European answer to the economic difficulties resulting from the coronavirus pandemic. #Stron…
USD/CHF Holding on to Long Term Trendline

USD/CHF Holding on to Long Term Trendline

2013-08-19 22:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Holding on to Long Term Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: “Price has held the trendline that extends off of the October 2011, February 2013, and June 2013 lows. An intraday plot of the turn higher reveals an impulsive advance. Combined with the trendline response and push through last week’s high, there is a good start to something bigger on the upside. Also, 60 minute RSI is at its highest in at least a year. Usually, very strong momentum readings (especially short term) indicate the beginning of a larger move in that direction. Some sideways trade is in order first of course.” Rather than sideways, the USDCHF got slammed lower before finding support slightly below the 61.8% retracement of the advance from last week’s low. If price can find a low near here, then an inverse head and shoulders pattern (since 7/31) could form.

FOREXTrading Strategy: Correction lower could be complete but not enough evidence to make a trade just yet.

LEVELS: .9174 .9200 .9216 .9287 .9310 .9396

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

DISCLOSURES

News & Analysis at your fingertips.