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
Mixed
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
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
Bullish
More View more
Real Time News
  • #Crypto update: $BTC -3.4% $BCH -7.5% $LTC -8% $XRP -5.4% $ETH -4.5%
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.30% Oil - US Crude: 0.28% Silver: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/65Tl7Mp42T
  • $AUD: A better than expected jobs report led by an increase in part-time workers has boosted the Australian Dollar, up 0.3% against the greenback. Get your market update from @JMcQueenFX here: https://t.co/RODLl10uFv https://t.co/FMZihY7W4K
  • Fed to hold open meeting on Volcker rule on January 30 #Fed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.29%, while traders in US 500 are at opposite extremes with 75.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Mx7yTCCBLD
  • https://t.co/oBoJmViok5 $AUDJPY $NZDJPY $SGDJPY $HKDJPY $USDJPY $TNX $SPY $TLT
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.45% Germany 30: 0.36% US 500: -0.07% Wall Street: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QJdYrLYDvn
  • RT @W7VOA: @StateDept "It is a bit too early to consider that this is a public health emergency of international concern," according to @WH…
  • The Withdrawal Agreement has received Royal Assent and is now law according to UK PM Boris Johnson #Brexit $GBP
  • RT @BorisJohnson: The Withdrawal Agreement has received Royal Assent and is now law. We will leave the EU on January 31st 🇬🇧
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.