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
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
USD/CHF Breaks Through Near Term Corrective Channel

USD/CHF Breaks Through Near Term Corrective Channel

Jamie Saettele, CMT, Sr. Technical Strategist

4Hour

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Breaks Through Near Term Corrective Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-USDCHF has exceeded the upward sloping corrective channel.

-Exceeding .9396 would break the series of lower highs.

-Weakness would probably prove corrective. Estimated support is .9335-.9288.

Trading Strategy: Need to see if market takes out .9396 or pulls back into support before commitments are made.

LEVELS: .9245 .9288 .9320/35 | .9396 .9477 .9519

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

DISCLOSURES