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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
USD/CHF Non-Confirmation with Euro on the Push Higher

USD/CHF Non-Confirmation with Euro on the Push Higher

2017-03-07 18:29:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USD/CHF Non-Confirmation with Euro on the Push Higher

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote previously that “if USD/CHF is going to stretch into 1.0200 before putting in a top (2 equal legs up at 1.0221), then I’d expect a turn higher now.” Swissie has turned up so focus is on the mentioned zone. Remember, USD/CHF topped on 3/11 and 3/10 the last 2 years. Might USD/CHF be set up to fail around the same date this year? .9964 is the short term pivot. EUR/USD has failed to confirm the move higher in USD/CHF today which does warrant near term caution (non-confirmation warns of a turn).

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

DISCLOSURES

News & Analysis at your fingertips.