Tue, Mar 26, 2019 @ 04:11 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9909; (P) 0.9940; (R1) 0.9966; More…..

USD/CHF is staying in consolidation above 0.9879 temporary low. Intraday bias remains neutral first. Further decline remains in favor with 1.0010 minor resistance intact. On the downside, below 0.9879 will resume the fall from 1.0124 to 0.9716 key support. Nevertheless, break of 1.0010 will turn bias back to the upside for 1.0124/28 resistance zone.

In the bigger picture, focus is back on medium term trend line (now at 0.9846). Decisive break there will argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9909; (P) 0.9940; (R1) 0.9966; More…..

Intraday bias in USD/CHF remains neutral and some more consolidations could be seen above 0.9879 temporary low. But further decline remains in favor with 1.0010 minor resistance intact. On the downside, below 0.9879 will resume the fall from 1.0124 to 0.9716 key support. Nevertheless, break of 1.0010 will turn bias back to the upside for 1.0124/28 resistance zone.

In the bigger picture, focus is back on medium term trend line (now at 0.9846). Decisive break there will argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Weekly Outlook

USD/CHF dropped sharply to as low as 0.9879 last week but formed a temporary low there and recovered. Initial bias remains neutral this week first. Another fall is mildly in favor with 1.0010 minor resistance intact. On the downside, below 0.9879 will resume the fall from 1.0124 to 0.9716 key support. Nevertheless, break of 1.0010 will turn bias back to the upside for 1.0124/28 resistance zone.

In the bigger picture, focus is back on medium term trend line (now at 0.9846). Decisive break there will argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9900; (P) 0.9923; (R1) 0.9943; More…..

With 4 hour MACD crossed above signal line, intraday bias in USD/CHF is turned neutral first. Another fall is mildly in favor with 1.0010 minor resistance intact. On the downside, below 0.9879 will resume the fall from 1.0124 to 0.9716 key support. Nevertheless, break of 1.0010 will turn bias back to the upside for 1.0124/28 resistance zone.

In the bigger picture, focus is back on medium term trend line (now at 0.9803). Decisive break there argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9900; (P) 0.9923; (R1) 0.9943; More…..

USD/CHF’s fall from 1.0124 is still in progress and intraday bias remains on the downside. Prior break of 0.9926 support indicates completion of rise from 0.9716 at 1.0124. Further decline should be seen to retest 0.9716 support first. On the upside, break of 1.0010 minor resistance is needed to confirm completion of the fall. Otherwise, near term outlook will remain bearish in case of recovery.

In the bigger picture, focus is back on medium term trend line (now at 0.9803). Decisive break there argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9878; (P) 0.9944; (R1) 0.9994; More…..

Intraday bias in USD/CHF remains on the downside as fall from 1.0124 is in progress. Prior break of 0.9926 support indicates completion of rise from 0.9716 at 1.0124. Further fall should be seen to retest 0.9716 support first. On the upside, break of 1.0010 minor resistance is needed to confirm completion of the fall. Otherwise, near term outlook will remain bearish in case of recovery.

In the bigger picture, focus is back on medium term trend line (now at 0.9803). Decisive break there argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9878; (P) 0.9944; (R1) 0.9994; More….

USD/CHF’s decline from 1.0124 accelerated to as low as 0.9842 so far. Break of 0.9926 confirmed completion of rise from 0.9716 at 1.0124. Intraday bias stays on the downside for retesting 0.9716 support first. On the upside, break of 1.0010 minor resistance is needed to confirm completion of the fall. Otherwise, near term outlook will remain bearish in case of recovery.

In the bigger picture, focus is back on medium term trend line (now at 0.9803). Decisive break there argue that whole rise from 0.9186 has completed. Further break of 0.9716 will confirm reversal and target next next support level at 0.9541. Nevertheless, there is still a chance that price action from 1.0128 are forming a consolidative pattern with fall from 1.0124 as third leg. If this is the case, stronger support should be seen between 0.9716 and the trend line to contain downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9978; (P) 0.9998; (R1) 1.0011; More….

USD/CHF’s fall from 1.0124 is still in progress and intraday bias remains on the downside for 0.9962 support. Decisive break there will be an early sign of medium term reversal and should target 0.9716 key support. On the upside, above 1.0020 minor resistance will turn bias back to the upside for retesting 1.0124 high.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9978; (P) 0.9998; (R1) 1.0011; More….

As long as 1.0052 minor resistance holds, intraday bias in USD/CHF remains on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. In that case, deeper decline could be seen back to 0.9716 support first. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9994; (P) 1.0011; (R1) 1.0027; More….

Outlook in USD/CHF is unchanged and intraday bias remains on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. In that case, deeper decline could be seen back to 0.9716 support first. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0028; (R1) 1.0047; More….

USD/CHF’s fall from 1.0124 extends today and intraday bias stays on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0028; (R1) 1.0047; More….

Intraday bias in USD/CHF remains on the downside at this point. Fall from 1.0124 is in progress for 0.9936 support. Decisive break there will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Weekly Outlook

USD/CHF’s deeper than expected fall last week suggest that rise from 0.9926 has possibly completed at 1.0124 already, ahead of 1.0128 resistance. Initial bias stays mildly on the downside for 0.9926. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0025; (P) 1.0038; (R1) 1.0050; More….

With 1.0063 minor resistance intact, further decline is expected in USD/CHF. Current development argues that rise from 0.9926 could have completed at 1.0124 already. USD/CHF should target 0.9926 key support level. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0025; (P) 1.0038; (R1) 1.0050; More….

Fall from 1.0124 resumed after brief recovery. The deeper than expected decline, and stay below 4 hour 55 EMA, suggests that rise from 0.9926 could have completed. Intraday bias is back on the downside for this key support level. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0014; (P) 1.0050; (R1) 1.0072; More….

Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. However, firm break of 1.0027 will bring deeper decline back to 0.9926 support.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0014; (P) 1.0050; (R1) 1.0072; More….

Outlook in USD/CHF remains unchanged at it’s holding on to 1.0027 minor support. Intraday bias remains neutral and further rise is still in favor. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. However, firm break of 1.0027 will bring deeper decline back to 0.9926 support.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0056; (P) 1.0085; (R1) 1.0107; More….

Intraday bias in USD/CHF remains neutral at this point. More consolidation could be seen but downside of retreat should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0056; (P) 1.0085; (R1) 1.0107; More….

USD/CHF is staying in consolidation from 1.0124 and intraday bias remains neutral for the moment. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More….

USD/CHF is staying in consolidation below 1.0124 temporary top and intraday bias remains neutral. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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