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
Mixed
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
Oil - US Crude
Mixed
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
Wall Street
Mixed
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.72% Gold: -0.11% Silver: -0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NypvhI3fFm
  • Trump announces a White House news conference at 5:30 PM EST $SPX
  • House Speaker pelosi: - Senator McConnell's aid plan will not receive unanimous consent in the House - BBG
  • As US recession odds fade, traders have pushed back the timing of the next Fed rate cut to July 2020. Get your market update from @CVecchioFX here: https://t.co/HGvKoMb6dw https://t.co/B1poxAaViv
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.74%, while traders in US 500 are at opposite extremes with 71.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/u1YLFPayf2
  • ECB President Lagarde: - Monetary and fiscal policy must be in alignment - BBG
  • ECB President Lagarde: - A member of the EU can't avoid the economic fallout of another member that is suffering $EURUSD
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.73% France 40: 0.18% US 500: -0.04% Wall Street: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/AJnCXRD7on
  • Commodities Update: NYM WTI Crude 25.98 (+9.99%), ICE Brent Crude 33.67 (+5.62%), NYM NYH Gasoline 70.25 (+8.38%). [delayed]
  • Earnings season occurs a few weeks after the final month of a financial quarter and provides unique opportunities for equity traders. What are some key points you should keep in mind as a trader? Find out from @PeterHanksFX here: https://t.co/JDEOEDPOq6 https://t.co/utN1PfT8cM
USD/CHF Former Resistance is in the .9950s

USD/CHF Former Resistance is in the .9950s

2017-01-17 20:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USD/CHF Former Resistance is in the .9950s

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“The continued failures above 1.0300 don’t exactly inspire confidence in the upside. Weakness below 1.0030 is needed in order to suggest a broader reversal.” I still don’t have confidence in any direction for USD/CHF and haven’t for years. Levels to pay attention to are former resistance at .9960 and the long term trendline near .9700. Weakness below .9700 would suggest that USD/CHF is headed below .9440 (2016 low).

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

DISCLOSURES

News & Analysis at your fingertips.