Commodity Prices

Gold •440 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,399.70	-2.80	-0.20%
WTI Crude •11 mins	64.43	-0.09	-0.14%
Gasoline •11 mins	2.039	-0.002	-0.11%
Ethanol •440 days	2.161	+0.000	+0.00%
Silver •440 days	30.82	+1.16	+3.92%

Silver • 440 days	30.82	+1.16	+3.92%
Copper • 440 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.37	-0.10	-0.15%
Natural Gas • 11 mins	3.102	-0.001	-0.03%
Heating Oil • 10 mins	2.384	-0.010	-0.40%

Headlines

825 days Will The ECB Continue To Hike Rates?
825 days Forbes: Aramco Remains Largest Company In The Middle East
827 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,227 days Could Crypto Overtake Traditional Investment?
1,231 days Americans Still Quitting Jobs At Record Pace
1,233 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,236 days Is The Dollar Too Strong?
1,237 days Big Tech Disappoints Investors on Earnings Calls
1,238 days Fear And Celebration On Twitter as Musk Takes The Reins
1,239 days China Is Quietly Trying To Distance Itself From Russia
1,240 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,244 days Crypto Investors Won Big In 2021
1,244 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,245 days Food Prices Are Skyrocketing As Putin’s War Persists
1,247 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,247 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,251 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,251 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,251 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,254 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Time To Reload Bearish Positions

By - Feb 06, 2017, 6:25 AM CST

USD/CHF's momentum is definitely bearish. Key resistance is given at a distance at 1.0344 (15/12/2016 high). Closer resistance is given at 0.9935 (03/02/2016 high). The road is clearly wide-open for further decline.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

Daily Technical Report