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
Bullish
USD/JPY
Bearish
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
Bullish
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Contrary to standard belief, greed and profits are often inversely correlated in trading. Remaining disciplined is key to a successful trading strategy. Learn how to control greed when trading here: https://t.co/RvxpJotFf9 https://t.co/87FHc0QKOo
  • At the Eurogroup's meeting today, the coronavirus was mentioned as a temporary curb to growth
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.15% 🇨🇭CHF: 0.03% 🇦🇺AUD: 0.02% 🇳🇿NZD: -0.01% 🇯🇵JPY: -0.11% 🇬🇧GBP: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/P0mJKN0ehv
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.28% Wall Street: 0.24% US 500: 0.22% France 40: 0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sjYJLGdIbL
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.12% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EUu80ZRcXs
  • Under 'normal' analytical circumstances, it is suggested that a week local growth update would deflate a currency. Yet, the poor Japanese 4Q GDP update didn't send $USDJPY into its bullish break https://t.co/wtLvJjvl5a
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.48%, while traders in USD/CAD are at opposite extremes with 83.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/M2mRQ3aQtT
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.33% Oil - US Crude: -0.01% Gold: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gPYjSE9yTT
  • RT @johnauthers: Yikes. Exclude the big 5 (Microsoft, Apple, Alphabet, Amazon and Google) and U.S. earnings were down 7.5% in the 4th quart…
  • RT @economics: China is considering making some purchases of U.S. agricultural goods by early March as a way to show it’s still committed t…
USD/CHF Classical 07.22

USD/CHF Classical 07.22

2010-07-22 05:00:00
Joel Kruger, Technical Strategist
Share:

swiss1

USD/CHF: The market could be in the process of carving out a material base after closing back above the 10-Day SMA on Monday for the first time since early June when the price was above 1.1600. This should be encouraging for bulls, and we look for some more bullish confirmation on a break above next key resistance by 1.0680 over the coming sessions. Back below 1.0400 would negate outlook and give reason for concern.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 
If you wish to receive Joel's reports in a more timely fashion, e-mail 
instructor@dailyfx.com and you will be added to the "distribution" list.

 If you wish to discuss this topic or any other feel free to visit our 
Forum page

 

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

DISCLOSURES

News & Analysis at your fingertips.