http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Tue, 07 Feb 2012 08:00:41 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/technical-updates/eurchf-anchoring-away-from-the-1-20-floor-in-expansion-pattern/ http://www.fxtimes.com/technical-updates/eurchf-anchoring-away-from-the-1-20-floor-in-expansion-pattern/#comments Mon, 06 Feb 2012 16:07:10 +0000 Fan Yang http://www.fxtimes.com/?p=66224 http://www.fxtimes.com/technical-updates/eurchf-anchoring-away-from-the-1-20-floor-in-expansion-pattern/feed/ 0 The EUR/CHF found support at 1.2030, above the "1.20 floor" that the SNB had pledged to support back in September 2011. Last week, the pair climbed above a declining channel in the 1H chart, but there was a throwback after testing the 200 hour SMA. Since then, the market has continued to anchor away from the 1.2030 low and 1.20 floor in an expansion pattern (support and resistance moving away)... http://www.fxtimes.com/technical-updates/usdchf-forming-a-double-bottom/ http://www.fxtimes.com/technical-updates/usdchf-forming-a-double-bottom/#comments Tue, 31 Jan 2012 16:56:51 +0000 Fan Yang http://www.fxtimes.com/?p=65802 http://www.fxtimes.com/technical-updates/usdchf-forming-a-double-bottom/feed/ 0 The 4H USD/CHF chart shows a market that has found support at 0.9114 twice and is forming a double bottom. A completed double bottom coincides with an upside break to the declining trendline seen in the 4H chart. The latest 4H candle is very convincing for a bullish correction to the decline from 0.9593... http://www.fxtimes.com/technical-updates/usdchf-trading-in-declining-channel-a-look-at-supporttarget-levels/ http://www.fxtimes.com/technical-updates/usdchf-trading-in-declining-channel-a-look-at-supporttarget-levels/#comments Fri, 27 Jan 2012 20:00:26 +0000 Fan Yang http://www.fxtimes.com/?p=65514 http://www.fxtimes.com/technical-updates/usdchf-trading-in-declining-channel-a-look-at-supporttarget-levels/feed/ 0 The USD/CHF's intraday pullback attempts during the week have been brief and have been followed by very convincing bearish continuation action seen in the 4H chart as it falls in a declining channel. Price action has been dominantly bearish as well. The market may be approaching oversold conditions both reflected by the RSI reading falling below 30, and price action trading near the lower bollinger band... http://www.fxtimes.com/technical-updates/usdchf-ready-for-a-short-term-bull-cycle-in-ranging-market/ http://www.fxtimes.com/technical-updates/usdchf-ready-for-a-short-term-bull-cycle-in-ranging-market/#comments Wed, 25 Jan 2012 03:41:44 +0000 Fan Yang http://www.fxtimes.com/?p=65189 http://www.fxtimes.com/technical-updates/usdchf-ready-for-a-short-term-bull-cycle-in-ranging-market/feed/ 0 The USD/CHF has stalled after breaking below 0.93, and found support at the 0.9240 pivot established 12/21/2011. Before looking at further decline, the market looks like it has completed a bear run, and may be ready for a bull cycle before deciding whether to extend the short-term bearish trend or not. Note that there is a bullish divergence... http://www.fxtimes.com/technical-updates/usdchf-falls-below-key-pivot-of-0-93-retracement-targets/ http://www.fxtimes.com/technical-updates/usdchf-falls-below-key-pivot-of-0-93-retracement-targets/#comments Mon, 23 Jan 2012 13:42:14 +0000 Fan Yang http://www.fxtimes.com/?p=64841 http://www.fxtimes.com/technical-updates/usdchf-falls-below-key-pivot-of-0-93-retracement-targets/feed/ 0 The 0.93 pivot acted as a very brief support before this week's opening price action pushed below it, suggesting an established top and therefore a short to medium term corrective decline. Looking at the daily chart, we see some retracement targets for the 0.7065 to 0.9593 swing. The 23.6% retracement is near the 0.90 psychological support... http://www.fxtimes.com/technical-updates/usdchf-attempting-to-top-off-key-support-around-0-93/ http://www.fxtimes.com/technical-updates/usdchf-attempting-to-top-off-key-support-around-0-93/#comments Thu, 19 Jan 2012 19:46:47 +0000 Fan Yang http://www.fxtimes.com/?p=64608 http://www.fxtimes.com/technical-updates/usdchf-attempting-to-top-off-key-support-around-0-93/feed/ 0 Instead of advancing and extending the bullish mode USD/CHF has been in since July of 2011, the pair has found resistance at 0.9593 (right below 0.96). The daily chart shows a bearish divergence and the decline following through. Now, the RSI is heading back to 40, a break below which would suggest a loss of bullish momentum the pair has established since pushing above 70 in Sept. 2011... http://www.fxtimes.com/technical-updates/usdchf-completes-abc-correction-at-61-8-retracement/ http://www.fxtimes.com/technical-updates/usdchf-completes-abc-correction-at-61-8-retracement/#comments Thu, 12 Jan 2012 19:27:28 +0000 Fan Yang http://www.fxtimes.com/?p=64149 http://www.fxtimes.com/technical-updates/usdchf-completes-abc-correction-at-61-8-retracement/feed/ 0 USD/CHF has been in a 3-wave correction decline this week, and in the 1/12 US trading session has satisfied and extended beyond the C=A wave projection. It is now trading just above the 61.8% retracement level (of the 0.9305 to 0.9594 swing) at 0.9150. If a pullback respects the 0.9465 level, 200 hour simple moving average and previous pivot... http://www.fxtimes.com/technical-updates/usdchf-technicals-a-look-at-possible-support-for-retracement/ http://www.fxtimes.com/technical-updates/usdchf-technicals-a-look-at-possible-support-for-retracement/#comments Mon, 09 Jan 2012 14:17:09 +0000 Fan Yang http://www.fxtimes.com/?p=63785 http://www.fxtimes.com/technical-updates/usdchf-technicals-a-look-at-possible-support-for-retracement/feed/ 0 USD/CHF finally finds resistane at 0.96.The 1H chart shows the market with extended bearish divergence as it traded near the upper bollinger band (3 standard deviations from 200SMA). At the start of this week, the market is starting a corrective mode. So far the first leg is back to 0.95 a minor support pivot. The RSI is at 40, a break below which suggests further corrective decline... http://www.fxtimes.com/technical-updates/usdchf-is-bullish-but-may-be-overbought-in-the-near-term/ http://www.fxtimes.com/technical-updates/usdchf-is-bullish-but-may-be-overbought-in-the-near-term/#comments Thu, 05 Jan 2012 13:50:55 +0000 Fan Yang http://www.fxtimes.com/?p=63544 http://www.fxtimes.com/technical-updates/usdchf-is-bullish-but-may-be-overbought-in-the-near-term/feed/ 0 USD/CHF failed to break below 0.93 and the 200 4H simple moving average, which would have opened up some bearish targets. Instead the market rallied above a couple of projected trendlines, and the RSI is now kissing 70 in the 1/5 US trading session. This might be a sign of some near-term correction, but the bullish momentum has been re-established, and a test of the 0.9546 high might follow a throwback... http://www.fxtimes.com/technical-updates/usdchf-looks-at-more-downside-risk-is-0-93-is-broken/ http://www.fxtimes.com/technical-updates/usdchf-looks-at-more-downside-risk-is-0-93-is-broken/#comments Tue, 03 Jan 2012 20:02:22 +0000 Fan Yang http://www.fxtimes.com/?p=63426 http://www.fxtimes.com/technical-updates/usdchf-looks-at-more-downside-risk-is-0-93-is-broken/feed/ 0 The USD/CHF failed to maintain the bullish momentum established in the last update where the 4H RSI reading pushed to 70. However, the reading fell below 40, and is now kissing 30 showing we are still in at least a sideways market if not a bearish correction. The 4H chart shows the market trading near the 200 4H simple moving average. The market has been trading above this MA since early Nov 2011...