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
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
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Q0oqIthe4P
  • Wall Street Futures Update: Dow Jones (-0.11%) S&P 500 (-0.35%) Nasdaq 100 (-0.46%) [delayed] -BBG
  • 🇸🇬 Unemployment Rate Prel (Q4) Actual: 3.2% Previous: 3.6% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/JfZU1Hlxn5
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q4) due at 02:30 GMT (15min) Previous: 3.6% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇵🇭 Full Year GDP Growth (2020) Actual: -9.5% Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇵🇭 GDP Growth Rate QoQ (Q4) Actual: 5.6% Previous: 8% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇵🇭 GDP Growth Rate YoY (Q4) Actual: -8.3% Expected: -8.5% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇵🇭 Full Year GDP Growth (2020) due at 02:00 GMT (15min) Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇵🇭 GDP Growth Rate YoY (Q4) due at 02:00 GMT (15min) Expected: -8.5% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-01-28
USD/CHF Holding on to Long Term Trendline

USD/CHF Holding on to Long Term Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

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