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
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
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • 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:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
USD/CHF, EUR/CHF Price: May Correct Higher as Support Holds

USD/CHF, EUR/CHF Price: May Correct Higher as Support Holds

Mahmoud Alkudsi, Analyst

Euro and US Dollar Outlook

Did you check our latest forecasts on USD and EUR and Gold? Find out more for free from our Q3 forecasts for commodities and main currencies

USD/CHF, EUR/CHF – Sellers in Charge

Last week EUR/CHF continued it downside move testing its lowest levels in 26 months at 1.0835. On Friday the pair closed in the red for the third week in a row losing 0.4% of its value.

Similarly, USD/CHF tested its lowest levels in 11 months at 0.9659 however, before the end of the week US Dollar reversed its direction against Swiss Franc, then closed the weekly candlestick in the green with nearly 0.6% profit.

Alongside this, the Relative Strength Index (RSI) climbed above the oversold territory on EURCHF however, remained flat around 34, reflecting the seller’s domination. On the other hand, the oscillator failed to cross above 50 on USDCHF highlighting the buyer’s lack of momentum to start uptrend move.

Just getting started? See our Beginners’ Guide for FX traders

USD/CHF Daily Price Chart (JAN 1, 2017 – AUG 21, 2019) Zoomed Out

USDCHF price daily chart 21-08-19 Zoomed out

USD/CHF Daily Price Chart (May 14 – AUG 21, 2019) Zoomed IN

USDCHF price daily chart 21-08-19 Zoomed in

Looking at daily chart, we notice on Thursday USD/CHF closed successfully above 0.9758 after failing previously in five attempts.

Currently, the pair is moving in a higher trading zone 0.9758 – 0.9860 looking for a test of the high-end contingent on clearing the daily resistance levels underlined on the chart (zoomed in).

A close above the high end could send USDCHF towards 0.9930 however, the weekly resistance levels underlined on the chart should be considered. See the chart to know more about the higher trading zone with the weekly resistance levels buyers would encounter in a further bullish move.

In turn, a close below the low end of the zone could press USDCHF towards 0.9639. Nonetheless, the weekly support levels and area marked on the chart would be worth monitoring.

Having trouble with your trading strategy? Here’s the #1 Mistake That Traders Make

EUR/CHF Daily Price Chart (SEP 10, 2017 – AUG 21, 2019) Zoomed Out

EURCHF price daily chart 21-08-19 Zoomed out

EUR/CHF Daily Price Chart (MAY 1 – AUG 21, 2019) Zoomed IN

EURCHF price daily chart 21-08-19 Zoomed in

Looking at the daily chart, we notice since August 7 EUR/CHF has been pointing to the downside, eyeing a test of the low end of current trading zone 1.0810 – 1.0960.

Thus, a close below the low end of the zone could send the price towards 1.0623. Although, the weekly support levels underlined on the chart (Zoomed in) need to be followed closely.

On the flip-side, any failure to close below the low end of the zone could push EURCHF towards the high end. The daily resistance level at 1.0923 should be considered. Further close above the high end may see the price trading even higher towards 1.1001. Nonetheless, the resistance levels underscored on the chart need to be kept in focus.

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi

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