Commodity Prices

Gold •605 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •1 day	67.02	+1.81	+2.78%
Gasoline •1 day	2.078	+0.046	+2.24%
Ethanol •605 days	2.161	+0.000	+0.00%
Silver •605 days	30.82	+1.16	+3.92%

Silver • 605 days	30.82	+1.16	+3.92%
Copper • 605 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.87	+2.03	+2.87%
Natural Gas • 1 day	2.859	+0.032	+1.13%
Heating Oil • 1 day	2.671	+0.058	+2.24%

Headlines

989 days Will The ECB Continue To Hike Rates?
990 days Forbes: Aramco Remains Largest Company In The Middle East
991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,391 days Could Crypto Overtake Traditional Investment?
1,396 days Americans Still Quitting Jobs At Record Pace
1,398 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,401 days Is The Dollar Too Strong?
1,401 days Big Tech Disappoints Investors on Earnings Calls
1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
1,404 days China Is Quietly Trying To Distance Itself From Russia
1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,408 days Crypto Investors Won Big In 2021
1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,412 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,416 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,416 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,418 days Are NFTs About To Take Over Gaming?

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CHF - Monitor The Short-Term Declining Channel

By - Aug 19, 2014, 5:29 AM CDT

USD/CHF strengthened yesterday, erasing all the losses made on Friday. Monitor the resistance implied by the declining channel (around 0.9091). Another resistance lies at 0.9115. A key support stands at 0.9008 (see also the rising trendline). Another support can be found at 0.8969 (17/07/2014 low).

From a longer term perspective, the recent technical improvements call for the end of the large corrective phase that started in July 2012. The long-term upside potential implied by the double-bottom formation is 0.9207. Furthermore, the break of the resistance at 0.9037 calls for a second leg higher (echoing the one started on 8 May) with an upside potential at 0.9191. As a result, a test of the strong resistance at 0.9156 (21/01/2014 high) is expected.

Daily Technical Report