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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

Bank of Japan keeps policy unchanged, upgrades FY22 and FY23 inflation outlook to 1.1%

USD/CHF Nearing Cliff Dive Territory

USD/CHF Nearing Cliff Dive Territory

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Nearing Cliff Dive Territory

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDCHF is no longer ‘bouncing along the top side of the line that extends off of the Jul and Sep highs.’ Price accelerated lower on Thursday and the lows seen in Oct are at risk.

-A push above .9110 is still needed to suggest that the trend is not down. .8922 is possible support before the Oct low of .8889. Weakness below there opens up .8530/75 (measured objectives and Oct 2011 low).

Trading Strategy: Flat

LEVELS: .8847 .8889 .8922 | .8989 .9030 .9076

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

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