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 Has Retraced Half of Advance from May Low

USD/CHF Has Retraced Half of Advance from May Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Has Retraced Half of Advance from May Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Failure to hold .8907 opened up .8860, which is the close of the week that ended 5/9 (week of the low) and roughly the 50% retracement of the advance from the May low (50% is at .8869). If a major low is in place in the rate then a low probably forms between .8800 and now. Above .8937 is needed in order to break the near term downtrend.

LEVELS: .8800.8830 .8863 | .8900 .8937 .8956

--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