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
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.37% Gold: -0.66% Silver: -1.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/V8pEFOOvIE
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.04% 🇪🇺EUR: -0.05% 🇳🇿NZD: -0.06% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.17% 🇬🇧GBP: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/KALLAob78W
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/S9CEcBm5Qe https://t.co/PczDJYzd8I
  • Heads Up:💶 ECB President Lagarde Speech due at 07:20 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-30
  • #Nasdaq100 Reacts to Key Resistance as Market Awaits Fiscal Stimulus $NQ $NDQ https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/09/30/Nasdaq-100-Reacts-to-Key-Resistance-as-Market-Awaits-Fiscal-Stimulus.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/4cKKQ069Wh
  • 🇨🇭 KOF Leading Indicators (SEP) Actual: 113.8 Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.51% US 500: -0.57% Germany 30: -0.63% Wall Street: -0.64% France 40: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/naM5tGUnsq
  • 🇫🇷 Inflation Rate YoY Prel (SEP) Actual: 0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇭 KOF Leading Indicators (SEP) due at 07:00 GMT (15min) Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • IG Client Sentiment indicates that gold traders are heavily leaning towards the long side, with 80% of positions net long, while 20% net short. Retail traders added short (+12%) exposure while trimming long (-3%) positions from a day ago. https://www.dailyfx.com/forex/market_alert/2020/09/30/Gold-Silver-Price-Analysis-Weighed-by-Stronger-US-Dollar-Post-Debate.html https://t.co/QenBWVHLzF
USD/CHF Technical Analysis: Key Support Above 0.95 Mark

USD/CHF Technical Analysis: Key Support Above 0.95 Mark

2014-10-09 23:45:00
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:0.9516, 0.9432, 0.9353
  • Resistance: 0.9566, 0.9627, 0.9725

The US Dollar declined against the Swiss Franc as expected after putting in a bearish Dark Cloud Cover candlestick pattern. A daily close below the October 2 low at 0.9516 exposes the 38.2% Fibonacci retracement at 0.9432. Alternatively, a reversal above the 14.6% Fib expansion at 0.9566 clears the way for a test of 23.6% threshold at 0.9627.

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: Key Support Above 0.95 Mark

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