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
More View more
Real Time News
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • This week has started with the recovery rally in risk assets stalled and the Dollar looking down multiple barrels of fundamental threat in monetary policy and debt politics. $EURUSD is well positioned as indicator 1.1650-1.1750
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • AUD/NZD, Could This be the Turnaround? - #AUDNZD chart on @TradingView
  • Another pleasure being on @ausbiztv with host @AusAndrewG talking about US indices, rising bond yields and $USDJPY Check out the full interview here! -
  • 🇦🇺 Retail Sales MoM Prel (AUG) Actual: -1.7% Previous: -2.7%
  • 🇨🇳 Industrial Profits (YTD) YoY (AUG) Actual: 49.5% Previous: 57.3%
  • (APAC Stocks Briefing) Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus #DowJones #CrudeOil #NASDAQ #ASX200
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3%
USD/CHF Runs into Fibonacci Resistance After Test of Two-Year Support

USD/CHF Runs into Fibonacci Resistance After Test of Two-Year Support

James Stanley, Senior Strategist

Talking Points:

- USD/CHF sank down to test the two-year low in the pair after last Thursday’s USD sell-off.

- Prices have rallied up to a key Fibonacci level and are currently displaying lower-high resistance.

- Are you looking to improve your trading approach? Check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

USD/CHF Tests Two-Year Low

The pain trade in the U.S. Dollar has continued through the first month of the New Year, and that weakness has been very visible against the Swiss Franc. While the trend in EUR/USD faces a bit of congestion around the 1.2500 psychological level, the move in USD/CHF has been a bit more clean as prices posed a one-sided drop from .9850 just a few weeks ago to support around .9250 last Thursday. This price around .9250 is a big deal, as this is the two-year low in USD/CHF.

USD/CHF (Daily Chart) Falls to Find Support at Two-Year Low

USD/CHF Daily Chart

Chart prepared by James Stanley

Since the Dollar began to trend-higher on the back of last Friday’s NFP report, a bit of strength has started to show in USD/CHF. Prices have rallied up to the 76.4% Fibonacci retracement of the May, 2015 to January, 2016 major move. Notably, support had developed at each of the retracement levels above the 76.4, with support swings seen at the 38.2, 50 and 61.8% retracements. Price action now appears to be finding some element of short-term resistance at this level.

USD/CHF Four-Hour Chart: Walking Down Fibonacci Retracements

USD/CHF Four-Hour Chart

Chart prepared by James Stanley

On the hourly chart below, we can get a bit of additional context; with the 76.4% Fibonacci retracement helping to set a bit of short-term resistance after the bump-higher in early US trade. Given prior price action structure, this can keep the door open for short-side continuation strategies. A zone of prior swing-highs that runs from .9386-.9409 can be looked at as short-term resistance above our Fib level, and above that we have a prior swing at .9450 that can be usable for stop placement on short-side continuation sets. Given the reaction at the two-year low of .9257, traders would likely want to plot for initial profit targets well-inside of this level, such as .9290 for an initial scale and break-even stop move.

USD/CHF Hourly Chart

USD/CHF Hourly

Chart prepared by James Stanley

To read more:

Are you looking for longer-term analysis on FX pairs? Our DailyFX Forecasts for Q1 have a section for the more popular major currencies. We also offer a plethora of resources on our USD/CHF page, and traders can stay up with near-term positioning via our IG Client Sentiment Indicator.

Chart prepared by James Stanley

--- Written by James Stanley, Strategist 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.