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
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
Gold
Bearish
Oil - US Crude
Mixed
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
  • #Crypto update: $BTC -3.48% $BCH -1.53% $XRP -2.70% $LTC -2.21% $ETH -1.94%
  • Hmmmm... I thought the Administration could only defer it once. They will need to make this decision very soon as deadline is Thursday, and this would be an enormous escalation in the trade war https://t.co/IUbJzYjLIH
  • President Trump is expected to delay auto tariff decision for 6 more months according to Politico $DAX $SPX
  • President Trump is expected to delay auto tariff decision for 6 more months according to Politico $DAX $SPY
  • The IG Client Sentiment Report details changes in trader positioning and provides insight on a market's bullish or bearish bias Full Report: https://www.dailyfx.com/sentiment-report https://t.co/SeyIxrpJ5m
  • Retail CFD traders have ramped up the contrarian position behind gold. Long exposure is the highest in a long time and net longs the highest before markets broke higher in June https://t.co/Ramizg18ur
  • Sterling was little changed on the release and remains above 1.2800 against the US dollar for now. Where is $GBPUSD heading? Get your market update from @nickcawley1 here: https://t.co/wyExtLyBcu https://t.co/HfjJns4UbN
  • The @DailyFX Economic Calendar is jam-packed for the rest of the week with high-impact event risk and data releases on deck Full Calendar: https://www.dailyfx.com/economic-calendar https://t.co/8SjcIYb5Z0
  • US Stock Market Close: $SPX -0.20% $DJI +0.05% $NDX -0.22% $RUT -0.26% $VIX +5.55%
  • #Euro Price Forecast: Will #EURNOK Break 7-Year Uptrend? https://www.dailyfx.com/forex/technical/article/special_report/2019/11/08/Euro-Price-Forecast-Will-EURNOK-Break-7-Year-Uptrend.html
USD/CHF Classical Technical Report 05.18

USD/CHF Classical Technical Report 05.18

2011-05-18 05:51:00
Joel Krguer,
Share:
USDCHF_Classical_body_swiss1.png, USD/CHF Classical Technical Report 05.18

USD/CHF: Starting to show signs of basing off of the recently established record lows by 0.8550, with the market putting in a solid bullish close for two consecutive weeks and breaking back above the previous weekly high. Next key resistance comes in by 0.9000 and a break above will further confirm recovery structure and open the door for a move back towards a medium-term lower top at 0.9340. Look for any intraday setbacks to be well supported above 0.8700 on a daily close basis. Ultimately, only a daily close back below 0.8700 delays and gives 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.