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
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
GBP/USD
Bearish
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
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
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
More View more
Real Time News
  • (Asia Pacific AM Briefing) GBP/USD Price Aims for October High as NZD/USD Rate Soars $GBPUSD $NZDUSD #Brexit #RBNZ - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/12/GBPUSD-Price-Aims-for-October-High-as-NZDUSD-Rate-Soars.html?CHID=9&QPID=917702 https://t.co/vXSDQ6WgBW
  • Australian NAB Business Confidence (OCT) Actual: 2 Est: N/A Previous: 0 #AUD
  • $AUDUSD shares a statistically significant positive correlation with $NZDUSD and could see its price fluctuate in the event of a surprise from the RBNZ. Get your market update from @PeterHanksFX here: https://t.co/ipgT4vRgnP https://t.co/SflIKyrxZW
  • Heads up: Australian NAB Business Confidence (OCT) is due at 0:30 GMT (15 min) Est: N/A Previous: 0 #AUD
  • Join @IlyaSpivak 's #webinar at 8:00 PM ET/1:00 AM GMT to prepare for the week ahead in trading the $AUDUSD Register here: https://t.co/sZNWPVRHA0 https://t.co/zmgYkwMfzm
  • Over the past 30 days, #IDR has been the best performing Asian Currency vs. USD with +0.02% interest-returns while #JPY has been the worst with -0.00%
  • Lookout below?! #bubbles #Sweden https://t.co/Rj4OxfyU72
  • Makes sense in context: the average DTI in Sweden is over 330% and housing prices have risen over 170% since 2002. (Values explained) Below -1.5: Depressed Between -1.5 and -0.5: Undervalued Between -0.5 and 0.5: Fair-Valued Between 0.5 and 1.5: Overvalued Above 1.5: Bubble Risk https://t.co/JhF8eQkDpf
  • #LITECOIN Daily Pivot Points: S3: 53.8 S2: 57.26 S1: 59.23 R1: 62.69 R2: 64.18 R3: 67.64 https://www.dailyfx.com/pivot-points?ref=SubNav?CHID=QPID=917720
  • The $USD enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves. Get your market update from @IlyaSpivak here:https://t.co/VqM4kinKYJ https://t.co/Rlc2O97NcV
USD/CHF Technical Analysis – Franc Aims to Extend Gains

USD/CHF Technical Analysis – Franc Aims to Extend Gains

2014-05-06 23:07:00
Ilya Spivak, Sr. Currency Strategist
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support: 0.8723 (50% Fib exp.), 0.8669 (61.8% Fib exp.)
  • Resistance: 0.8777 (38.2% Fib exp.), 0.8808 (Triangle top)

The US Dollar fell expected as expected against the Swiss Franc after prices a bearish Evening Star candlestick pattern. Prices have now completed a bearish Triangle formation, arguing for continued losses. Initial support is at 0.8723, the 50% Fibonacci expansion, with a break below that exposing the 61.8% level at 0.8669. Alternatively, a reversal back above the 38.2% Fib at 0.8777 on a daily closing basis aims for the Triangle top at 0.8808.

Entering short at current levels looks unattractive from a risk/reward perspective with prices in close proximity to relevant support. On the other hand, the absence of a defined upward reversal signal argues against taking up the long side. We will remain flat for the time being.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

USD/CHF Technical Analysis – Franc Aims to Extend Gains

Daily Chart - Created Using FXCM Marketscope 2.0

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

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

DISCLOSURES

News & Analysis at your fingertips.