USD/CHF Continues to Respect Downtrend Slope

Jamie Saettele, CMT

Tue, Jun 16, 2015, 2:26 PM

DailyFX.com -

Daily

USD/CHF Continues to Respect Downtrend Slope

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-Is USDCHF leading? Lower highs and lower lows since February along with a bearish daily RSI profile indicate potential for something bigger on the downside. USDCHF also continues to respect bearish slope. A break through the top of the range would open up .9704/24 (2 equal legs from the May low and 61.8% retracement of decline from March high).

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

original source

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.

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•12h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•11h ago
Meta stock plummets 15% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Yahoo Finance•3h ago
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•1d ago
Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
Yahoo Finance•1h ago
Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results
Chipotle posted another strong quarter against a difficult macro backdrop.
Yahoo Finance•2h ago
JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•1d ago
Meta Stock Slides Despite Q1 Earnings Beat. AI Costs Rising As Guidance Disappoints.
Meta stock sank late Wednesday as the Facebook parent company's first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms executives gave a lighter-than-expected sales forecast for the current quarter. Meanwhile, Meta's push to be a leader in generative artificial intelligence is adding to its costs.
Investor's Business Daily•1h ago
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Mar
Bloomberg•3h ago
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•1d ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

USD/CHF Continues to Respect Downtrend Slope

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

$433 Billion Gone! One Stock Loses More Value Than Tesla

Meta stock plummets 15% after second quarter outlook disappoints

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance

Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day

Meta Stock Slides Despite Q1 Earnings Beat. AI Costs Rising As Guidance Disappoints.

Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.