Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USD/CHF Slammed into 200 day Average

USD/CHF Slammed into 200 day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent notes warned that “1.0212/40 (78.6% retrace and Jan 2015 high) is the next area that could derail the rally…a double inside day indicates a tight short term consolidation that could lead to the next directional move.” The rally in USD/CHF derailed alright…and the exchange rate has been driven right into the 200 day average and price where the decline from the November high consists of 2 equal legs.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

DISCLOSURES