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
Bullish
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • The New Zealand Dollar is not a major I've been talking about frequently of late, but it is carving out one of the most impressively consistent trends among the standard FX crew. Impressive $NZDUSD weekly technicals and COT net spec positioning: https://t.co/PzxFCCiMm2
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.39% 🇨🇭CHF: 0.31% 🇬🇧GBP: 0.20% 🇦🇺AUD: 0.07% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MTHtFXyiUS
  • A weekly chart of crude oil looks favorable for bulls, but this four-week charge has some serious fundamental headwinds in the headlines. Reports that even OPEC is concerned about the commodity's outlook https://t.co/w7mioBXi8o
  • 🇳🇿 Balance of Trade (OCT) Actual: N$-1M Previous: N$-1017M https://www.dailyfx.com/economic-calendar#2020-11-25
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.27% Oil - US Crude: 0.17% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qGMTFE8HeL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.67%, while traders in EUR/USD are at opposite extremes with 74.23%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BOpeubJFYh
  • Heads Up:🇳🇿 Balance of Trade (OCT) due at 21:45 GMT (15min) Previous: N$-1017M https://www.dailyfx.com/economic-calendar#2020-11-25
  • USD/CAD is trading into the key support at the objective yearly open – looking for a reaction down here. Get your $USDCAD technical analysis from @MBForex here: https://t.co/3fFRjsjLYM https://t.co/EllLEN3yG2
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.04% France 40: 0.03% US 500: -0.03% Wall Street: -0.04% Germany 30: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/B3IpY9dzzL
  • German Chancellor Angela Merkel announces lockdown measures to be extended until 20 December $EUR $EURUSD $DAX
USD/CHF 10/3 Low Providing Resistance on Bounce

USD/CHF 10/3 Low Providing Resistance on Bounce

2013-10-28 20:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

eliottWaves_usd-chf_body_usdchf.png, USD/CHF 10/3 Low Providing Resistance on Bounce

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-After trading into late August lows, the USDCHF reversed sharply and made an outside week 2 weeks ago. Last week’s decline triggered follow through and is bearish.

-Price has dipped below the 2012 low. There is an uncovered close from November 2011 at .8847.

-Former lows at .8965 and .9000 are now resistance.

Trading Strategy: Flat

LEVELS: .8799 .8847 .8910 | .8965 .9004 .9044

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

DISCLOSURES