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
Bearish
GBP/USD
Bearish
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
Mixed
Oil - US Crude
Bearish
Bitcoin
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
More View more
Real Time News
  • Heads Up:🇯🇵 JPY Loans & Discounts Corp (YoY) (SEP) due at 23:50 GMT (15min), Actual: N/A Expected: N/A Previous: 2.44% https://www.dailyfx.com/economic-calendar#2019-11-12
  • 🇦🇺 AUD Westpac Consumer Confidence (NOV), Actual: 4.5% Expected: N/A Previous: -5.5% https://www.dailyfx.com/economic-calendar#2019-11-12
  • RT @politico: Congress has pegged Dec. 20 as the next deadline for government funding after the current stopgap expires next week https://…
  • @ZabelinDimitri Not to mention that negative RSI divergence and an Evening Star candlestick pattern on the 4-hour chart in #SP500 futures are looking very ominous https://t.co/cAL2Gz2stJ
  • (Asia Pacific AM Briefing) Yen May Rise, USD/JPY Reversal Ahead After Trump Trade Talk? $USDJPY #Yen #tradewars - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/12/Yen-May-Fall-USDJPY-Reversal-Ahead-After-Trump-Trade-Talk.html https://t.co/5nQ73RKQ6S
  • Heads Up:🇦🇺 AUD Westpac Consumer Confidence (NOV) due at 23:30 GMT (15min), Actual: N/A Expected: N/A Previous: -5.5% https://www.dailyfx.com/economic-calendar#2019-11-12
  • $USDJPY Daily Pivot Points: S3: 108.59 S2: 108.81 S1: 108.93 R1: 109.14 R2: 109.23 R3: 109.45 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Fed's Kashkari says there's a lot of consensus at the #Fed that monetary policy is modestly accomodative
  • RT @globaltimesnews: #Apple must remove such films and songs as soon as possible, unless it does not want to do business in #China anymore:…
  • The #gold price plunge is testing the first major hurdle and the immediate focus is on key support at 1451/61 with the short-bias vulnerable while above this threshold. Get your $gld technical analysis from @MBForex here: https://t.co/cBT4lG6pRq $XAUUSD https://t.co/e1gBJAvOp5
USD/CHF Classical 03.08

USD/CHF Classical 03.08

2011-03-08 07:16:00
Joel Kruger, Technical Strategist
Share:
USDCHF_Classical_body_swiss1.png, USD/CHF Classical 03.08

USD/CHF: The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favor of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a daily close back above 0.9330 would help to encourage bullish reversal prospects.

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.