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 Download
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
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
Bearish
More View more
Real Time News
  • RT @Scutty: [RTRS] - DOW INDUSTRIALS FALL 1,190.95 POINTS; BIGGEST ONE-DAY POINT DROP IN HISTORY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in USD/CAD are at opposite extremes with 69.45%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3PsrWmF8lA
  • $AUDUSD trades to a fresh yearly low (0.6542) amid the rapid rise in the number of COVID-19 cases, and the exchange rate may continue to exhibit a bearish behavior. Get your AUD/USD market update from @DavidJSong here: https://t.co/XtsGTkXhYs https://t.co/j4hqput9E0
  • Event risks for tomorrow includes $EUR German Unemployment Change, $EUR German CPI (YoY) (FEB P), $CAD Gross Domestic Product (YoY) (DEC), USD Advance Goods Trade Balance (JAN), and USD PCE Core (YoY) (JAN) https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/FZ5drmWDeb
  • Reminds of this scene in Austin Powers https://t.co/tiDJVLM99F
  • Well, that was a terrible session for equity bulls. It is not good to be fully committed to a market view especially when traditional value methods call such stark attention to circumstances. As the saying goes "strong convictions, weekly held"
  • Ouch https://t.co/Ci8Txfpf98
  • US Equity Close: $DJI -1,196 (-4.44%) $SPX -138.5 (-4.44%) $NDX -414.3 (-4.61%) $RUT -56.5 (-3.64%) $VIX +10.1 (+36.47%)
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: US 500: 0.07% Wall Street: -0.03% Germany 30: -2.00% France 40: -2.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/OoZaNhSRFB
  • Fed's Evans says it is too early to respond with monetary policy to the coronavirus impact, but what about responding to the financial market's response to the coronavirus?
USD/CHF Classical Technical Report 10.11

USD/CHF Classical Technical Report 10.11

2011-10-11 07:46:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_USDCHF_body_swiss1.png, USD/CHF Classical Technical Report 10.11

USD/CHF: Although daily studies are showing overbought and warn of the potential for a short-term corrective pullback, the recent daily close back above the 200-Day SMA is significant and now opens the door for the next upside extension towards 0.9500 further up. Medium-term and longer-term studies still show plenty of room for upside ahead, while the short-term outlook also remains constructive above 0.8645. Ultimately, only back under 0.8645 delays short-term outlook and would open the door for a more sizeable corrective decline. Still, even at that point, buying into dips would be the preferred strategy.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.