Forex: USD/CHF Technical Analysis – Next Support at 0.9224

Ilya Spivak


To receive Ilya's analysis directly via email, please SIGN UP HERE


Talking Points


  • Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
  • A break of support at 0.9312 (23.6% Fib) now exposes 0.9224 (38.2% Fib)
  • Reversing back 0.9312 opens the door for a test of 0.9455, the September 6 swing high


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Next Support at 0.9224
dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Next Support at 0.9224

Daily Chart - Created Using FXCM Marketscope 2.0




--- Written by Ilya Spivak, Currency Strategist for DailyFX.com


Contact and follow Ilya on Twitter: @IlyaSpivak


New to FX? Watch this Video


For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.