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.

Free Trading Guides
EUR/USD
Bullish
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
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • Senator Schumer and Cotton urge for tighter controls on exports due to China - RTRS
  • RT @SecretaryRoss: The Temporary General License extension will allow carriers to continue to service customers in some of the most remote…
  • House Leader Pelosi says talks on USMCA to continue this week $DXY $SPX
  • Sterling Technical Analysis: GBP/USD, GBP/JPY Face Key Resistance https://www.dailyfx.com/forex/fundamental/article/drivers_of_price_action/2019/11/18/sterling-technical-analysis-gbp-usd-gbp-jpy-face-key-resistance-js55.html https://t.co/n6iS6p23Wl
  • According to overnight swaps the chance for a rate cut at next month's FOMC meeting increased to 8.6% after news of a meeting between Trump and Powell crossed the wires this morning. $DXY $TNX https://t.co/7zXVDLeVKM
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.22% Germany 30: 0.16% Wall Street: 0.13% US 500: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iCFcLtexL8
  • $AUDUSD dipped by about 0.25% following the latest US-China trade war news but the Aussie so far seems to be finding support around the 0.6800 handle. Get your market update from @RichDvorakFX here: https://t.co/fTUPDbt7Lz https://t.co/pLq0627odh
  • Update on #Cryptocurrencies #BITCOIN -3.75% #BITCOINCASH -6.18% #ETHEREUM -1.47% #RIPPLE -4.04% #LITECOIN -4.74%
  • RT @zerohedge: The market has now fully priced in a global economic recovery https://t.co/ZBDcLMa5At
  • Commodities Update: NYM WTI Crude 56.72 (-1.72%) ICE Brent Crude 62.16 (-1.80%) NYM NYH Gasoline 160.91 (-1.58%) [delayed]
USD/CHF Touches 200 DMA for First Time Since September

USD/CHF Touches 200 DMA for First Time Since September

2014-05-29 20:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USD/CHF Touches 200 DMA for First Time Since September

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.

-The near term path is higher above .8896 but USDCHF faces a load of levels up to .9020 (200 DMA is now, and the February 2013 low is at .9021). Below .8896 would likely give way to .8860.

LEVELS: .8870 .8915 .8959 | .8990 .9021 .9063

--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

News & Analysis at your fingertips.