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
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
GBP/USD
Bearish
USD/JPY
Mixed
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.15% 🇨🇦CAD: -0.28% 🇯🇵JPY: -0.57% 🇦🇺AUD: -0.83% 🇳🇿NZD: -0.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aefGNZQYqS
  • Heads Up:🇺🇸 USD Continuing Claims (FEB 8) due at 13:30 GMT (15min), Actual: N/A Expected: 1717k Previous: 1698k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇺🇸 USD Initial Jobless Claims (FEB 15) due at 13:30 GMT (15min), Actual: N/A Expected: 210k Previous: 205k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇺🇸 USD Philadelphia Fed Business Outlook (FEB) due at 13:30 GMT (15min), Actual: N/A Expected: 11 Previous: 17 https://www.dailyfx.com/economic-calendar#2020-02-20
  • ECB Minutes - ECB needs to see more data to see if tentative signs of stabilisation provide firmer ground for optimism
  • What are the six different types of stocks every trader should know? Find out from @WVenketas here: https://t.co/yO3JalkqUU https://t.co/npl9Clt4HX
  • Heads Up:🇪🇺 EUR Publication of account of ECB's Monetary Policy Meeting (JAN) due at 12:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-02-20
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.22%, while traders in France 40 are at opposite extremes with 81.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1y2GkWMVR1
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/Qpujtb2z8I
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: 0.01% Silver: -0.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pwFdAnZnr8
USD/CHF Classical Technical Report 09.16

USD/CHF Classical Technical Report 09.16

2011-09-16 05:19:00
Joel Kruger, Technical Strategist
Share:
USDCHF_Classical_body_swiss1.png, USD/CHF Classical Technical Report 09.16

USD/CHF: A recent acceleration of gains beyond critical resistance and a previous lower top at 0.8550 confirms bullish bias and from here, we see room for fresh upside above 0.9000 and towards 0.9500 over the coming days. Look for any setbacks to be well supported above previous resistance now tuned support at 0.8550 on a daily close basis, while ultimately, only back under 0.8200 would delay. A break and close back above the 200-Day SMA for the first time in several months will provide more ammunition for our highly constructive outlook.

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.