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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:https://t.co/lFpzIFNmzW https://t.co/2rHKbiByuR
  • Update on #Cryptocurrencies #BITCOIN -0.24% #BITCOINCASH -0.90% #ETHEREUM -0.40% #RIPPLE -0.07% #LITECOIN +0.51%
  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$7.133B https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Retail Sales MoM Final (JAN) Actual: 0.5% Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • The path for the Japanese Yen seems to favor the downside looking at a majors-based index. USD/JPY may rise within its Ascending Channel, but there is some scope for a healthy correction. Get your market update from @ddubrovskyFX here:https://t.co/7XFJiCYYEM https://t.co/sSMeHIti1B
  • Heads Up:🇦🇺 Balance of Trade (JAN) due at 00:30 GMT (15min) Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • Heads Up:🇦🇺 Retail Sales MoM Final (JAN) due at 00:30 GMT (15min) Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD, $AUDNZD at Key Levels as Trade Data Looms Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/04/Australian-Dollar-Outlook-AUDUSD-AUDNZD-at-Key-Levels-as-Trade-Data-Looms.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/…
  • 🇯🇵 Foreign Bond Investment (27/FEB) Actual: ¥-1719B Previous: ¥-1888.7B https://www.dailyfx.com/economic-calendar#2021-03-03
USD/CHF Technical Analysis 03.08.2013

USD/CHF Technical Analysis 03.08.2013

Ilya Spivak, Head Strategist, APAC

USD/CHF Technical Analysis- Prices put in a bearish Dark Cloud Cover candlestick below the 0.95 figure, hinting a move lower is ahead. Initial support is at 0.9378, the 23.6% Fibonacci retracement, a barrier reinforced by a rising trend line set from the February 1 low. A break below that targets the 38.2% level at 0.9310. Near-term resistance is at 0.9488, the March 7 high.

Forex_USDCHF_Technical_Analysis_03.08.2013_body_Picture_5.png, USD/CHF Technical Analysis 03.08.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. 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.

DISCLOSURES