U.S. Markets closed

Forex: USD/CHF Technical Analysis – Edging Along Wedge Top

Ilya Spivak


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


Talking Points


  • Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
  • Support is in the 0.9074-92 area (23.6% Fib, Wedge top); below that eyes the 0.90 figure
  • Resistance is in the 0.9194-0.9218 region (trend line from Feb’12, 38.2% Fib retracement)


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


dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Edging Along Wedge Top

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? START HERE


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.