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
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.02% 🇨🇦CAD: -0.01% 🇦🇺AUD: -0.07% 🇳🇿NZD: -0.12% View the performance of all markets via
  • British Pound Technical Analysis: GBP/USD, GBP/AUD, GBP/CAD, GBP/NZD #GBP #Sterling $GBPUSD $GBPAUD $GBPCAD $GBPNZD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.45%, while traders in Wall Street are at opposite extremes with 79.42%. See the summary chart below and full details and charts on DailyFX:
  • 🇨🇳 Industrial Profits (YTD) YoY (JUN) Actual: 66.9% Previous: 83.4%
  • 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:
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (JUN) due at 01:30 GMT (15min) Previous: 83.4%
  • Nasdaq 100 at Record High as Tesla Earnings Beat, Will Hang Seng Rebound?
  • Please join @FxWestwater at 22:00 EST/2:00 GMT for a webinar on preparing to trade commodities markets in the week ahead. Register here:
  • The Nasdaq 100 index climbed 0.09% to a record high, lifted by large-cap stocks such as Tesla (+2.21%), Alphabet (+1.33%) and Amazon (+1.18%).
  • 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:
US Dollar vs Safe Heavens: USD/CHF, USD/JPY Price – Levels to Know

US Dollar vs Safe Heavens: USD/CHF, USD/JPY Price – Levels to Know

Mahmoud Alkudsi, Analyst

USD/JPY and USD/CHF 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, USD/JPY – Price Action

On Wednesday, USD/CHF rallied towards 0.9984 – its highest level in three months. The price found resistance at the exact same level in the following day then declined below 0.9900 handle. Similarly, USD/JPY this week printed its highest level in seven weeks at 108.48, then slipped back below 108.00 handle.

The Relative Strength Index (RSI) rose to 64 on both pairs then declined to 58, indicating to a slowing bullish momentum.

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

USD/CHF Daily Price Chart (SEP 20, 2017 – SEP 20, 2019) Zoomed Out

USDCHF price daily chart 20-09-19 Zoomed out

USD/CHF Daily Price Chart (JUNE 15 – SEP 20, 2019) Zoomed IN

USDCHF price daily chart 20-09-19 Zoomed in

Looking at daily chart, we notice yesterday USD/CHF declined to a lower trading zone 0.9860 – 0.9930. Today, the pair rebounded from the high end of the zone then traded lower eyeing a test of the low end.

Thus, a close below the low end could send USDCHF towards 0.9758. Further close below this level could see the price trading even lower towards 0.9639. Although, the weekly support area and levels marked on the chart (zoomed in) should be watched closely.

On the other hand, any failure in closing below the low end of the zone could reverse the pair’s direction towards the high end. Further close above the high end could push USDCHF towards the vicinity of 1.008-15 contingent on clearing weekly resistance level underlined on the chart.

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

USD/JPY Daily Price Chart (NOV 10, 2017 – SEP 20, 2019) Zoomed Out

USDJPY price daily chart 20-09-19 Zoomed out

USD/JPY Daily Price Chart (JUN 5 – SEP 20, 2019) Zoomed IN

USDJPY price daily chart 20-09-19 Zoomed in

Looking at the daily chart, we notice on Sep 10 USD/JPY moved to a higher trading zone 107.30 – 108.61. The price broke above the downtrend line originated from the April 24 high at 112.40 then yesterday found support at this line.

Thus, USDJPY may be on its way for a test of the high end of the zone. A close above the high end could push the pair towards the vicinity of 109.75-84. That said, the weekly resistance levels underscored on the chart (zoomed in) would be worth monitoring.

In turn, any close below the low end of the zone could press USDJPY towards 105.50. Nonetheless, the weekly support levels underlined on the chart should 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.