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
Bearish
Gold
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
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇬🇧 Gfk Consumer Confidence (OCT) due at 23:01 GMT (15min) Expected: -28 Previous: -25 https://www.dailyfx.com/economic-calendar#2020-10-22
  • US September Existing Homes Sales registered its highest reading since 2006. https://t.co/WWELhj7lx9
  • The US Dollar is losing ground against ASEAN FX, with USD/SGD and USD/IDR possibly readying to extend declines. Will USD/PHP and USD/MYR follow? Find out from @ddubrovskyFX here:https://t.co/JfyrtZsWri https://t.co/jqOsvprmV9
  • 🇦🇺 Markit Services PMI Flash (OCT) Actual: 53.8 Previous: 50.8 https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇦🇺 Markit Manufacturing PMI Flash (OCT) Actual: 54.2 Previous: 55.4 https://www.dailyfx.com/economic-calendar#2020-10-22
  • Poll: Do you think this last Presidential debate before the US election will trigger significant volatility in risk trends in tomorrow's NY trading session?
  • Hard for the markets to take him at his word. If this proves not true, could open a further rift between Trump and the GOP so close to the election. And again, I think the Dollar (vs the Dow) has more potential if stimulus gets across the finish line https://t.co/AJRKQekbLV
  • White House Chief of Staff Meadows says Trump has leverage to get Republican support of stimulus - BBG
  • $NZDUSD | New Zealand Dollar sheds about 15-pips in immediate response to worse-than-expected inflation data during illiquid trade https://t.co/S0DGMIoNTP
  • 🇳🇿 Inflation Rate QoQ (Q3) Actual: 0.7% Expected: 0.9% Previous: -0.5% https://www.dailyfx.com/economic-calendar#2020-10-22
USD/CHF Technical Analysis: Topping Cues Emerge Again

USD/CHF Technical Analysis: Topping Cues Emerge Again

2014-09-19 00:18:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • USD/CHF Technical Strategy: Long at 0.9068
  • Support:0.9299, 0.9207, 0.9117
  • Resistance: 0.9401, 0.9463, 0.9564

The US Dollar may be setting up for a pullback against the Swiss Franc after rallying as expected as prices complete a bearish Dark Cloud Cover candle pattern. Negative RSI divergence bolsters the case for a downside scenario. A daily close below the September 16 low at 0.9299 exposes the October 2013 top at 0.9207. Alternatively, a turn above the 14.6% Fibonacci expansion at 0.9401 opens the door for a test of the23.6% level at 0.9463.

We bought USDCHF at 0.9068 and have since taken profit on half of our exposure. The remainder of the trade is open to capture any further upside momentum. The stop-loss is now at 0.9114, our initial objective.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CHF Technical Analysis: Topping Cues Emerge Again

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