Advertisement
U.S. markets close in 4 hours 36 minutes
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,752.58
    -7.50 (-0.02%)
     
  • Nasdaq

    16,403.82
    +4.30 (+0.03%)
     
  • Russell 2000

    2,125.67
    +11.32 (+0.54%)
     
  • Crude Oil

    82.54
    +1.19 (+1.46%)
     
  • Gold

    2,234.30
    +21.60 (+0.98%)
     
  • Silver

    24.99
    +0.23 (+0.94%)
     
  • EUR/USD

    1.0803
    -0.0027 (-0.25%)
     
  • 10-Yr Bond

    4.1940
    -0.0020 (-0.05%)
     
  • GBP/USD

    1.2635
    -0.0003 (-0.03%)
     
  • USD/JPY

    151.2230
    -0.0230 (-0.02%)
     
  • Bitcoin USD

    71,326.55
    +1,964.61 (+2.83%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,973.24
    +41.26 (+0.52%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

USD/CHF Registers Low 8 Pips Below Yearly Open

Weekly

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Registers Low 8 Pips Below Yearly Open
eliottWaves_usd-chf_body_usdchf.png, USD/CHF Registers Low 8 Pips Below Yearly Open

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: Wrote yesterday that “there isn’t much room until the 2013 low at .9023 (and this just 3 weeks after price was at the 2013 high). I’m back to looking for a low (was stopped out today). Watch the trendline that extends off of the October 2011 and 2013 lows (just below current price). Specific prices to keep in mind are .9138/49 (open for the year and 2/12 low) and the 2/1 close (low for the year) at .9073.” The low on Thursday came at the trendline and just 8 pips below the 2013 open price.

FOREXTrading Strategy: Long, .9110 stop, targets .9389 and .9470

LEVELS: .9073 .9130 .9200 .9290 .9333 .9389

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.

Advertisement