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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/u2fqSBnh3t
  • AUD/USD continues to trade within the opening range for January as the US Dollar Index (DXY)remains within the confines of a broader bearish formation. Get your $AUDUSD market update from @DavidJSong here:https://t.co/hMmfTmquC9 https://t.co/MS1Ffmil6a
  • Sen. Lindsey Graham says new stimulus package will not include $15 minimum wage - BBG $USD $DXY
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.34% Germany 30: 0.33% France 40: 0.30% US 500: -0.02% Wall Street: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/h4uGAOtioZ
  • Heads Up:🇧🇷 Interest Rate Decision due at 21:00 GMT (15min) Expected: 2% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Cable has enjoyed a prolonged period of gains against the US dollar during the last quarter of 2020 and the early days of 2021 thus far. Get your $GBPUSD market update from @RichardSnowFX here:https://t.co/i9ryfQYPCY https://t.co/aihtigIzh0
  • Biden team fears virus surge imperils pledge to curb pandemic -BBG $USD $DXY $SPX $ES_F $SPY #Stocks
  • #Bitcoin continues its recent slump, now down almost 2.5% today $BTC $USD https://t.co/3hq9QJDzEo
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, AUD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/01/20/US-Dollar-Price-Action-Setups-USD-DXY-USDollar-EUR-USD-EURUSD-AUD-USD-AUDUSD-USD-CAD-USDCAD.html $USD $EURUSD $USDCAD $AUDUSD https://t.co/5oWRlUTZJl
  • Dollar Index remains above 90 as US equities put in a strong session $USD $DXY https://t.co/nKrGpulwmN
Forex: USD/CHF Technical Analysis – Candles Hint at Bounce

Forex: USD/CHF Technical Analysis – Candles Hint at Bounce

Ilya Spivak, Head Strategist, APAC

USD/CHF Technical Analysis – Prices put in a bullish Piercing Line candlestick pattern above support at a rising trend line set from February 2012, hinting a move higher is ahead. Positive RSI divergence bolsters the case for an upside scenario. Near-term resistance is at 0.9290, the 23.6% Fibonacci retracement, with a break above that targeting the 38.2% level at 0.9378. Trend line support is now at 0.9160.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Candles Hint at Bounce

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