USD/CHF Breaks Down after Inside Day at Channel

DailyFX

Weekly

View photo

.
eliottWaves_usd-chf_body_usdchf.png, USD/CHF Breaks Down after Inside Day at Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-After trading into late August lows, the USDCHF reversed sharply and is forming an outside week (along with EURUSD and GBPUSD).

-Price is once again below the line that extends off of the 2012 and January lows.

Trading Strategy: Flat

LEVELS: .8930 .8967 .8992 | .9063 .9092 .9122

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.

View Comments