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
EUR/USD
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
Oil - US Crude
Bullish
Wall Street
Bullish
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
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 Initial Jobless Claims (26/SEP) due at 12:30 GMT (15min) Expected: 850K Previous: 870K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Continuing Jobless Claims (19/SEP) due at 12:30 GMT (15min) Expected: 12225K Previous: 12580K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (26/SEP) due at 12:30 GMT (15min) Previous: 878.25K https://www.dailyfx.com/economic-calendar#2020-10-01
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.54% 🇳🇿NZD: 0.51% 🇨🇭CHF: 0.33% 🇬🇧GBP: 0.23% 🇨🇦CAD: 0.21% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QT2HB7F0mC
  • Heads Up:🇺🇸 Personal Income MoM (AUG) due at 12:30 GMT (15min) Expected: -2.4% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Personal Spending MoM (AUG) due at 12:30 GMT (15min) Expected: 0.8% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 PCE Price Index MoM (AUG) due at 12:30 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Core PCE Price Index MoM (AUG) due at 12:30 GMT (15min) Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 PCE Price Index YoY (AUG) due at 12:30 GMT (15min) Previous: 1% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Core PCE Price Index YoY (AUG) due at 12:30 GMT (15min) Expected: 1.4% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-10-01
USD/CHF Technical Analysis – Attempting to Expose 0.90

USD/CHF Technical Analysis – Attempting to Expose 0.90

2014-05-26 23:58:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support: 0.8896 (76.4% Fib exp.), 0.8859 (61.8% Fib exp.)
  • Resistance: 0.8952-56 (Apr 4 high, 100% Fib exp.), 0.9016 (123.6% Fib exp.)

The US Dollar rose against the Swiss Franc as expected after prices produced a bullish Piercing Line candlestick pattern. The pair is testing resistance in the 0.8952-56 area, marked by the 100% Fibonacci expansion and the April 4 high. A break upward on a daily closing basis exposes the 123.6% level at 0.9016. Near-term support is at 0.8896, the 76.4% Fib, with a turn below that targeting the 61.8% expansion at 0.8859.

Entering long at current levels seems premature from a tactical and a risk/respective perspective absent confirmation on a break above the April top. We will continue to stand aside for now.

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

USD/CHF Technical Analysis – Attempting to Expose 0.90

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