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
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
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
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
Bitcoin
Mixed
More View more
Real Time News
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/qCXeDcd82Z
  • monthly $SPX chart downright disgusting, little over one day left for candle completion. This is an area to be careful with LT techs. So much fundamental fuel behind this + a March FOMC rate decision. Some type of emergency move (or warning of such) looking more and more likely https://t.co/OPEAj7Zyp6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in USD/CAD are at opposite extremes with 70.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ODVocTrdav
  • weekly $USD chart not very encouraging for dollar bulls. Not yet complete evening star + resistance from prior support trendline. no bueno https://t.co/EdVeJhD2As
  • this article is from Tuesday. Both the long and short $USD options have played through with $USDCAD and $EURUSD breakouts. Meanwhile, $USD down the drain, still in bull flag, for now https://t.co/nvk4X6LH79 https://t.co/EN0K4HRyQB
  • $USDCAD breaks out, fresh four-month-highs. Currently caught at the October swing high. https://t.co/GOa280Q75D
  • $EURUSD next resistance out. 1.1000 are looms large. Big support last year, hasn't yet seen much of a resistance test https://t.co/lE3eEjJ6dy
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/heURFpRLcY
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Gold: 0.36% Oil - US Crude: -1.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XM6m0QSNUs
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.58% 🇪🇺EUR: 0.54% 🇳🇿NZD: 0.45% 🇯🇵JPY: 0.31% 🇨🇦CAD: -0.02% 🇬🇧GBP: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gV6RKUgVti
USD/CHF Classical 02.03

USD/CHF Classical 02.03

2011-02-03 07:00:00
Joel Kruger, Technical Strategist
Share:
USDCHF_CLASSICAL_02.03_body_swiss1.png, USD/CHF Classical 02.03

USD/CHF: Although the market remains under some intense pressure with the latest declines stalling just shy of the late 2010 record lows at 0.9300, inability to establish fresh record lows on Wednesday followed by a break back above 0.9400 leaves us somewhat constructive with our outlook from here. Look for a break and close back above 0.9445 on Thursday to confirm bullish bias and accelerate gains. Back below 0.9300 will of course negate outlook and give reason for pause.

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.