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
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
More View more
Real Time News
  • Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 03, 2019 when Wall Street traded near 26,200.30. A contrarian view of crowd sentiment points to Wall Street weakness. https://www.dailyfx.com/sentiment https://t.co/XRLFJCPPtr
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.97% 🇪🇺EUR: 0.13% 🇨🇭CHF: 0.06% 🇦🇺AUD: -0.20% 🇬🇧GBP: -0.27% 🇨🇦CAD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EI1p6OLSRi
  • For the $SPX, this week's opening gap is the worst seen since August 1981 https://t.co/fVM4fHIGcB
  • As far as I can tell, this is the sharpest gap lower to start a week for the benchmark Dow since August 1998 https://t.co/YwPwGbGrL3
  • One of the more desired conditions that traders can look for are short-term reversals in price. Candlesticks themselves can help us see some of these potential reversals, with the Pin Bar. Find out how you can incorporate Pin Bars into your strategy here: https://t.co/0RFcb0Rpja https://t.co/vj3XW5aKEv
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: -0.08% Germany 30: -0.10% US 500: -3.03% Wall Street: -3.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ggfLLMiWGJ
  • US Six-Month Bills Draw 1.440% Primary Dealers Accepted: 48.5% Indirect Bidders Accepted: 45.9% Direct Bidders Accepted: 5.6% B/C Ratio: 3.02
  • US Three-Month Bills Draw 1.505% Primary Dealers Accepted: 47.2% Indirect Bidders Accepted: 48.1% Direct Bidders Accepted: 4.7% B/C Ratio: 2.88
  • Even the buildings in Texas are TOUGH #leaningtowerofdallas https://t.co/a2Cd0g4kSa
  • The $DXY Dollar's coast higher to start this week was flushed by the biggest drop on the hourly time frame since that liquidity hole back on Christmas Day (Dec 25) https://t.co/71ogFcdNTl
USD/CHF Classical Technical Report 10.28

USD/CHF Classical Technical Report 10.28

2011-10-28 07:51:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_USDCHF_body_swiss1.png, USD/CHF Classical Technical Report 10.28

USD/CHF: The market has been in the process of a major correction since peaking out at 0.9315 on October 6. However, the overall outlook remains constructive, with the pair looking like it is in the process of carving a major base ahead of some major upside over the coming weeks and months. Look for the current round of setbacks to be well supported in the 0.8500 area from where a fresh medium-term higher low is sought out ahead of a bullish resumption back towards and eventually through 0.9315. Ultimately, only a weekly close below 0.8500 would concern.

--- 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.