$USDCHF- Channel continuation?
Currently we are at 0.9912. We are looking to continue to the 1.618 Fibo resistance area @ 1.0038 with an overall target @ 1.0243. The average daily true range (ATR) for the pair currently is 76 pips.
usdchf

ProAct Traders™ (hereafter, PAT) assumes no responsibility for errors, inaccuracies, or omissions, nor does it warrant the accuracy or completeness of the information in the materials that comprised the text, graphics or other items contained in the ProAct Charts as a result of computer or power failures or interruptions in the electronic delivery systems via the Internet. PAT shall not be liable for any special, indirect, incidental or consequential damages including without limitation losses, lost revenue, or lost profits that may result from these materials.

Foreign Currency Trading carries a level of risk / reward that may not be suitable for all considering participation in the market known as Forex. The Forex is a "zero sum" market and its end effect is that there are an equal number of winners and losers. Consequently, the possibility exists that you could sustain an eventual loss of some or all of you initial investment. Therefore, you should never invest money that you cannot afford to lose. Before deciding to trade the Forex, you should become thoroughly educated in how the market works, have a sound money management plan and then carefully consider your investment objectives, level of experience, and risk appetite. If you have any doubts, seek advice from an independent financial advisor.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds steady above 1.0650, awaits US data and Fed verdict

EUR/USD holds steady above 1.0650, awaits US data and Fed verdict

EUR/USD is trading sideways above 1.0650 amid a softer risk tone and broad US Dollar strength on Wednesday. With European markets closed for Labor Day, the pair awaits the US employment data and the Fed policy announcements for the next directional move. 

EUR/USD News

GBP/USD flatlines below 1.2500 ahead of US data, Fed

GBP/USD flatlines below 1.2500 ahead of US data, Fed

GBP/USD is off the lows but stays flatlined below 1.2500 early Wednesday. The US Dollar strength caps the pair's upside amid a cautious mood ahead of the top-tier US employment data and the all-important Fed policy announcements. 

GBP/USD News

Gold price remains on tenterhooks with eyes on Fed policy decision

Gold price remains on tenterhooks with eyes on Fed policy decision

Gold price hovers below $2,300 as uncertainty ahead of the Fed’s policy announcements improves the appeal of the US Dollar and bond yields. The Fed is expected to support keeping interest rates at their current levels for a longer period.

Gold News

A new stage of Bitcoin's decline

A new stage of Bitcoin's decline

Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.

Read more

ADP Employment Change Preview: US private sector expected to add 179K new jobs in April

ADP Employment Change Preview: US private sector expected to add 179K new jobs in April

The ADP report is expected to show the US private sector added 179K jobs in April. A tight labour market and sticky inflation support the Fed’s tight stance. The US Dollar seems to have entered a consolidative phase.   

Read more

Majors

Cryptocurrencies

Signatures