News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Forex Analysis: USD/CHF Classic Technical Report 12.24.2012

Forex Analysis: USD/CHF Classic Technical Report 12.24.2012

Ilya Spivak, Head Strategist, APAC

Prices moved higher as expected after putting in a bullish Piercing Line candlestick pattern, taking out initial resistance the 23.6% Fibonacci retracement (0.9157). Buyers now target the 38.2% level at 0.9200. The 0.9157 level has been recast as near-term support, with a reversal back below that aiming for the December 19 swing low at 0.9087.

Forex_Analysis_USDCHF_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: USD/CHF Classic Technical Report 12.24.2012

4hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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