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. See our updated Privacy Policy here.

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
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.07% 🇯🇵JPY: 0.06% 🇪🇺EUR: 0.01% 🇦🇺AUD: -0.03% 🇨🇦CAD: -0.21% 🇬🇧GBP: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NxoYoBMniB
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.66% US 500: 0.51% France 40: -0.00% Germany 30: -0.04% FTSE 100: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7XH7hMzmOn
  • Fed's Williams: -Now is not the time to normalize policy -Watching inflation outlook very closely -Rapid reopening causing bottlenecks, wage increases -Rate liftoff will be guided by progress on goals -Economy remains far from maximum employment $USD $SPX
  • Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jun 15, 2021 12:00 GMT when Oil - US Crude traded near 7,250.20. A contrarian view of crowd sentiment points to Oil - US Crude weakness. https://www.dailyfx.com/sentiment https://t.co/mzZUUDjqh7
  • USD/CAD rates may have experienced a failed bullish breakout, having returned back into the descending channel dating back to November 2020. Get your market update from @CVecchioFX here:https://t.co/7RbRmi0YQE https://t.co/by9PHuwXUB
  • The Nasdaq 100 and S&P 500 has hit fresh record highs to start the day, but momentum is lacking. DailyFX Chief Strategist @JohnKicklighter speaks to the markets and the Fed Stress Test results. https://t.co/kFKlacgRkF
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.10% 🇳🇿NZD: 0.05% 🇪🇺EUR: -0.03% 🇨🇭CHF: -0.08% 🇨🇦CAD: -0.17% 🇬🇧GBP: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VPsYjn0wBo
  • The rally in the price of oil seems to be sputtering as the Relative Strength Index (RSI) falls back from overbought territory. Get your market update from @DavidJSong here:https://t.co/Jsj6i3olFX https://t.co/TxElAkFbrb
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.33% Wall Street: 0.83% Germany 30: 0.68% US 500: 0.67% FTSE 100: 0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KCyB86yVTj
  • Heads Up:🇺🇸 Fed Williams Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-24
USD/CHF Technical Analysis: Franc Sinks to 14-Month Low

USD/CHF Technical Analysis: Franc Sinks to 14-Month Low

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • USD/CHF Technical Strategy: Long at 0.9068
  • Support:0.9427, 0.9299, 0.9207
  • Resistance: 0.9506, 0.9569, 0.9633

The US Dollar resumed its ascent against the Swiss Franc, with prices soaring to the highest level in 14 months. Near-term resistance is at 0.9506, the 38.2%Fibonacci expansion, with a break above that on a daily closing level exposing the 50% level at 0.9569. Alternatively, a reversal back below the 23.6% Fib at 0.9427 clears the way for a test of the September 16 low at 0.9299.

We entered long USDCHF at 0.9068 and have since taken profit on half of our exposure. The rest remains open to capture any further upside momentum with a stop-loss at 0.9114, our initial objective.

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

USD/CHF Technical Analysis: Franc Sinks to 14-Month Low

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