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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • RT @KyleR_IG: Restrictions to be eased in Victoria as the state records three new COVID-19 cases
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.88% Silver: -0.04% Gold: -0.20% View the performance of all markets via
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.06% 🇨🇦CAD: 0.04% 🇬🇧GBP: -0.04% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.07% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.86%, while traders in France 40 are at opposite extremes with 82.70%. See the summary chart below and full details and charts on DailyFX:
  • Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower
  • 🇦🇺 Westpac Leading Index MoM (MAY) Actual: -0.06% Previous: 0.19%
  • MSCI #EmergingMarkets Index (EEM), which is heavily weighed in Chinese stocks, has been struggling to breach the 54.97 - 55.34 inflection zone A hawkish #Fed (especially amid ebbing #PBOC liquidity measures), could risk weighing the index Breach under 20-day SMA exposes MAR low
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:
USD/CHF Technical Analysis: Bullish but Beware the Wedge

USD/CHF Technical Analysis: Bullish but Beware the Wedge

James Stanley, Senior Strategist

To receive James Stanley’s Analysis directly via email, please sign up here.

Talking Points:

In our last article, we looked at the bullish price action structure that’s continued to build in USD/CHF. And given the fact that the Swiss National Bank had already shown some sensitivity to a strong Franc, denoted by the intervention that they’d admitted to in the post-Brexit price action environment, this could make USD/CHF an attractive candidate for voicing long-USD themes.

Coupling with that idea is price action structure in USD/CHF since the Brexit referendum. After a strong top-side pop, USD/CHF has continued to build a bullish price action structure with higher-highs and higher-lows. We took a long position in Swissy two weeks ago and have had one profit target hit; and another top-side entry may not be too far around-the-corner.

But longer-term there is a valid reason for moderating that stance from becoming too bullish. Over the past six years Swissy has seen compressing price action building into a symmetrical wedge formation. And while this may eventually break, especially if we see a significant change in Central Bank policy or stance from either representative economy, traders would likely want to factor this formation-in with near-term price action. On the chart below, we look at that wedge, and notice that the top-side of that wedge currently projects to approximately ~1.0130.

USD/CHF Technical Analysis: Bullish but Beware the Wedge

Created with Marketscope/Trading Station II; prepared by James Stanley

This level of 1.0130 is interesting from a few different vantage points, as this is also the 23.6% Fibonacci retracement of the major move in the pair, taking the May 2015 low up to the November high. And just a couple pips below, we have the 38.2% Fibonacci retracement of the prior major move. So this can become a usable level in top-side approaches, as traders can incorporate this as a final profit target on the long stance.

On the hourly chart below, we investigate the near-term structure in USD/CHF with a channel applied to the post-Brexit price action seen in the pair. We’ve just moved off of the support-side of the channel, and the prior swing low in the vicinity of the .9750 major psychological level can be used as a basis for stop placement.

USD/CHF Technical Analysis: Bullish but Beware the Wedge

Created with Marketscope/Trading Station II; prepared by James Stanley

--- Written by James Stanley, Analyst for

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

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