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
More View more
USD/CHF Resistance Prevails; Market Tests Friday Close

USD/CHF Resistance Prevails; Market Tests Friday Close

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Resistance Prevails; Market Tests Friday Close

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Monday’s inside day raises the possibility that Friday was exhaustive and Tuesday’s follow through increases the likelihood that a low is in place.

-The USDCHF rally failed near trendline resistance and shy of the January low (former support) at .8902. NFP exhaustion low anyone?

LEVELS: .8700 .8777 .8793 | .8838 .8872 .8902

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES