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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Nasdaq 100 Retreats on Inflation Concerns, Nikkei 225 and ASX 200 Open Higher https://www.dailyfx.com/forex/market_alert/2021/05/18/Nasdaq-100-Retreats-on-Inflation-Concerns-Nikkei-225-and-ASX-200-Open-Higher.html https://t.co/o8Orqv1V7L
  • (Commodities Briefing) Gold Price Outlook: Will XAU/USD Overturn the Medium-Term Downtrend? #Gold #XAUUSD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/18/Gold-Price-Outlook-Will--XAUUSD-Overturn-the-Medium-Term-Downtrend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ZR0vXNhBIB
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.42% 🇦🇺AUD: 0.37% 🇬🇧GBP: 0.28% 🇨🇭CHF: 0.14% 🇪🇺EUR: 0.13% 🇯🇵JPY: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YWzI8DJhdJ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.91%, while traders in Germany 30 are at opposite extremes with 77.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kRxLmNvUAS
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/KMmPnHt3Ce
  • RBA Minutes: Rate rise conditions unlikely met until 2024 at earliest, changing 3-year yield target from 0.1% not warranted. Will continue bond buys if assists progress towards goals -BBG $AUDUSD #RBA
  • RT @BrendanFaganFx: Japanese Yen Analysis: USD/JPY Points Higher as GDP Data Misses Expectations $USDJPY Link: https://www.dailyfx.com/forex/market_alert/2021/05/18/Japanese-Yen-Analysis-USDJPY-Points-Higher-as-GDP-Data-Misses-Expectations.html
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-18
  • Japan's Economic Minister Yasutoshi says Q1 GDP drop due largely to dip in consumption - BBG
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/hJeqJek0Ai
USD/CHF .8915/20 Remains a Reaction Area

USD/CHF .8915/20 Remains a Reaction Area

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF .8915/20 Remains a Reaction Area

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Since failing at the line that extends off of the July 2013 and January 2014 highs, USDCHF has dropped sharply, traded sideways, and dropped sharply again. Barring a move above .8861, the risk is for a drop into lines that extend off of recent lows. The lines cross .8600 and .8630 or so this week (depending on which lows are used). The October 2011 low is at .8567 and the 50% retracement of the advance from .7066 is at .8519.” Don’t forget about the levels mentioned but the implication from the divergence with EURUSD (see EURUSD section) is that an important low is in place.

-.8915/20 is a reaction level and could inspire a pullback into .8800.

LEVELS: .8754 .8803 .8862 | .8915 .8952 .9000

--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