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
GBP/USD
Bearish
USD/JPY
Bearish
Gold
Mixed
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
Bitcoin
Mixed
More View more
Real Time News
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.16% US 500: 0.13% France 40: -0.68% Germany 30: -0.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/P4a94sFsOS
  • LIVE IN 30 MIN: Analyst and Editor @MartinSEssex discusses the most important events and themes that have driven market sentiment and will drive it in the days ahead here - https://www.dailyfx.com/webinars/181540619?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IEA Director Birol says oil demand growth forecast may need to be lowered #OOTT
  • India and the US reached certain understanding in trade issues
  • EU 27 have adopted joint negotiating mandate for negotiations with Britain on new relationship after Brexit, according to a diplomatic source
  • Equity markets given back earlier gains. Transmission into FX remains relatively muted. $EURCHF breaking below 1.06
  • The inside bar pattern occurs regularly within the financial markets. Incorporating the inside bar strategy within a trading system can enhance a trader’s market analysis technique. Find out how you can use it from @WVenketas here: https://t.co/E3EWOYTYNw https://t.co/b2gAthSO3T
  • President Trump says they will be announcing a proposed tax cut for the middle class in the future
  • President Trump says if he loses the US election, there will be a stock market crash
  • Join @MartinSEssex 's #webinar at 6:30 AM ET/11:30 AM GMT to learn more about trading #sentiment Register here: https://t.co/XUUPRdY06p https://t.co/dKn6S9a0dQ
USD/CHF Classical 02.21

USD/CHF Classical 02.21

2011-02-21 06:59:00
Joel Kruger, Technical Strategist
Share:
USDCHF_Classicical_body_swiss1.png, USD/CHF Classical 02.21

USD/CHF: The market has been in the process of pulling back after stalling out ahead of key short-term resistance by 0.9785 in the previous week. Still we see any additional declines well propped above 0.9425 (minor 78.6% fib retrace) on a close basis and look for the formation of a fresh higher low ahead of the next major upside extension back through 0.9785 and towards more critical resistance by 1.0070 further up. Only a close below 0.9425 will 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 jskruger@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.