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USDCHF Outlook |
Written by ActionForex.com |
May 09 08 08:31 GMT |
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USD/CHF's retreat from 1.0623 continues today and is now pressing 1.0422 support. Outlook remains neutral for the moment. But as discussed before, with bearish divergence condition in 4 hours MACD as background, break of 1.0422 will argue that the whole rise from 0.9634 may be over. Further decline should then be seen to lower channel support (now at 1.0167) first. However, another rally is still mildly in favor as long as 1.0422 support holds. Break of 1.0623 will indicate whole rise from 0.9634 has resumed for 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. |
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USDCHF Outlook |
Written by ActionForex.com |
May 08 08 14:10 GMT |
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USD/CHF's retreat from 1.0623 dragged 4 hours MACD below signal line, indicating that an intraday top is in place. Focus now turns to 1.0422 support. With bearish divergence condition in 4 hours MACD as background, break of 1.0422 will argue that the whole rise from 0.9634 may be over. Further decline should then be seen to lower channel support (now at 1.0157) first. However, another rally is still mildly in favor as long as 1.0422 support holds. Break of 1.0623 will indicate whole rise from 0.9634 has resumed for 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. |
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USDCHF Outlook |
Written by ActionForex.com |
May 08 08 08:40 GMT |
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USD/CHF's break of 1.0606 suggests that recent rebound from 0.9634 has resumed but upside momentum is not that convincing. Neverthless, further rally is still in favor as long as 1.0422 support holds, towards next upside target of 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. However, with bearish divergence condition in 4 hours MACD as background, break of 1.0422 will argue that the whole rise from 0.9634 may be over. Focus will then be shifted back to lower channel support (now at 1.0157) first. |
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USDCHF Outlook |
Written by ActionForex.com |
May 07 08 14:03 GMT |
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Outlook in USD/CHF remains unchanged. Consolidation from 1.0606 is probably still in progress and another pull back cannot be ruled out to 4 hours 55 EMA (now at 1.0414) or below. But downside should be contained by 1.0296 support. On the upside, above 1.0606 will indicate recent rise from 0.9634 has resumed for next upside target of 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. However, with bearish divergence condition in 4 hours MACD as background, break of 1.0296 will argue that the whole rise from 0.9634 may be over. Focus will then be shifted back to 0.9995 support. |
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USDCHF Outlook |
Written by ActionForex.com |
May 07 08 08:10 GMT |
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Outlook in USD/CHF remains unchanged. Consolidation from 1.0606 is still in progress and another pull back could still be seen to 4 hours 55 EMA (now at 1.0414) or below. But downside should be contained by 1.0296 support. On the upside, above 1.0606 will indicate recent rise from 0.9634 has resumed for next upside target of 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. However, with bearish divergence condition in 4 hours MACD as background, break of 1.0296 will argue that the whole rise from 0.9634 may be over. Focus will then be shifted back to 0.9995 support. |
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USDCHF Outlook |
Written by ActionForex.com |
May 06 08 14:47 GMT |
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USD/CHF's retreat from 1.0606 continues in early US session and dips to 1.0425. As discussed before, with an intraday top in place at 1.0606, further consolidation could be seen with risk of pulling back further to 4 hours 55 EMA (now at 1.0391) but downside should be contained by 1.0296 support. On the upside, above 1.0606 will indicate recent rise from 0.9634 has resumed for next upside target of 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. However, with bearish divergence condition in 4 hours MACD as background, break of 1.0296 will argue that the whole rise from 0.9634 may be over. Focus will then be shifted to 0.9995 support. |
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USDCHF Outlook |
Written by ActionForex.com |
May 06 08 08:01 GMT |
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USD/CHF 's retreat from 1.0606 continues today and with 4 hours MACD staying below signal line, an intraday top is likely in place. Further consolidation could be seen with risk of pulling back further to 4 hours 55 EMA (now at 1.0387) but downside should be contained by 1.0296 support. On the upside, above 1.0606 will indicate recent rise from 0.9634 has resumed for next upside target of 161.8% projection of 0.9634 to 1.0249 from 0.9887 at 1.0902. |
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USDCHF Outlook |
Written by ActionForex.com |
May 05 08 14:50 GMT |
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USD/CHF turns into sideway trading after reaching as high as 1.0606. Though, intraday bias remains mildly on the upside as long as 1.0462 minor support holds. With 100% projection of 0.9634 to 1.0249 from 0.9887 at 1.0502 taken out, next upside target will be 161.8% projection at 1.0902. On the downside, below 1.0462 will indicate that an intraday top is in place. But pull back should be contained above 1.0296 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
May 05 08 08:14 GMT |
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USD/CHF retreats mildly after rise from 0.9634 extended to as high as 1.0606. At this point, intraday bias remains on the upside as long as 1.0462 minor support holds. With 100% projection of 0.9634 to 1.0249 from 0.9887 at 1.0502 taken out, next upside target will be 161.8% projection at 1.0902. On the downside, below 1.0462 will indicate that an intraday top is in place. But pull back should be contained above 1.0296 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
May 03 08 19:28 GMT |
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USD/CHF's rise from 0.9634 extends sharply higher to 1.0606 last week, taking out mentioned 1.0352/83 resistance zone and then 100% projection of 0.9634 to 1.0249 from 0.9887 at 1.0502. From a short term angle, initial bias will remain on the upside as long as 1.0462 minor support holds. Further rally is now expected to be seen towards 161.8% projection at 1.0902. On the downside, below 1.0460 will indicate that an intraday top is in place and bring retreat. But pull back should be contained above 1.0296 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
May 02 08 13:16 GMT |
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USD/CHF surges further to as high as 1.0606 in early US session on broad based dollar strength. Firm break of mentioned 00% projection of 0.9634 to 1.0249 from 0.9887 at 1.0502. Now set the stage for stronger rally to 161.8% projection at 1.0902. On the downside, below 1.0460 will indicate that an intraday top is in place and bring retreat. But pull back should be contained above 1.0296 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
May 02 08 08:38 GMT |
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USD/CHF's rise continues today and reaches high as 1.0507 so far, touching 100% projection of 0.9634 to 1.0249 from 0.9887 at 1.0502. At this point, further rally is still in favor as long as 1.0328 support holds. Firm break of 1.0502 fibo resistance will set the stage for further rebound to 161.8% projection at 1.0902. On the downside, below 1.0328 will indicate that an intraday top is in place and bring retreat. |
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USDCHF Outlook |
Written by ActionForex.com |
May 01 08 13:44 GMT |
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USD/CHF has finally taken out mentioned 1.0352/83 resistance zone with some strength. At this point, intraday bias remains on the upside for 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. Break will bring stronger rally to 161.8% projection at 1.0902. On the downside, below 1.0328 will indicate that an intraday top is in place and bring retreat to 4 hours 55 EMA (now at 1.0277) and below. |
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USDCHF Outlook |
Written by ActionForex.com |
May 01 08 08:37 GMT |
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USD/CHF edges higher to 1.0442 today and is attempting to break above further from mentioned 1.0352/83 resistance zone. As mentioned before, while intraday upside momentum is unconvincing, the short term bearish outlook in EUR/USD is arguing the current rise in USD/CHF from 0.9634 is going to extend further. At this point, intraday bias remains on the upside as long as 1.0298 minor support holds and further rally is mildly in favor to 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. However, , on the downside, below 1.0298 minor support will flip intraday bias back to the downside for 4 hours 55 EMA (now at 1.0265) and will be the first signal that rally from 0.9634 has completed. . |
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USDCHF Outlook |
Written by ActionForex.com |
Apr 30 08 13:47 GMT |
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USD/CHF has another attempt to 1.0430 today but again is still struggling around mentioned 1.0352/83 resistance zone decisively. Outlook remains neutral so far. On the upside, above 1.0430 will indicate rise from 0.9907 and rebound from 0.9634 has resumed for 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. Meanwhile, on the downside, below 1.0271 minor support will flip intraday bias to the downside for 4 hours 55 EMA (now at 1.0244) and below. |
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USDCHF Outlook |
Written by ActionForex.com |
Apr 30 08 08:22 GMT |
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USD/CHF continues to be bounded inside tight range below 1.0430 and is still struggling to take out 1.0352/83 resistance zone decisively. An intraday top is likely in place with 4 hours MACD staying below signal line. Intraday outlook remains neutral for the moment. Below 1.0271 minor support will flip intraday bias to the downside for 4 hours 55 EMA (now at 1.0244) and below. Meanwhile, above 1.0430 will indicate rise from 0.9907 and rebound from 0.9634 has resumed for 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. |
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USDCHF Outlook |
Written by ActionForex.com |
Apr 29 08 14:34 GMT |
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USD/CHF continues to be bounded inside tight range below 1.0430 and is still struggling to take out 1.0352/83 resistance zone decisively. An intraday top is likely in place with 4 hours MACD staying below signal line. Intraday outlook is turned neutral for the moment. Below 1.0271 minor support will flip intraday bias to the downside for 4 hours 55 EMA (now at 1.0219) and below. Meanwhile, above 1.0430 will indicate rise from 0.9907 and rebound from 0.9634 has resumed for 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. |
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USDCHF Outlook |
Written by ActionForex.com |
Apr 29 08 08:17 GMT |
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Outlook remains unchanged as USD/CHF continues to engage in sideway trading below mentioned 1.0352/83 resistance zone. As discussed before, while USD/CHF struggles to take out 1.0352/83 resistance zone, as well as short term falling trend line (now at 1.0337) decisively, the short term bearish outlook in EUR/USD argues that current rally in USD/CHF is more likely to continue than not. Having said that, intraday bias remains on the upside as long as 1.0271 minor support holds. Above 1.0430 will encourage further rise to 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. On the downside, below 1.0271 will turn intraday outlook neutral first. |
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USDCHF Outlook |
Written by ActionForex.com |
Apr 28 08 13:40 GMT |
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Outlook remain sunchanged as USD/CHF continues to engage in sideway trading below mentioned 1.0352/83 resistance zone. As discussed before, while USD/CHF struggles to take out 1.0352/83 resistance zone, as well as short term falling trend line (now at 1.0353) decisively, the short term bearish outlook in EUR/USD argues that current rally in USD/CHF is more likely to continue than not. Having said that, initial bias remains on the upside as long as 1.0271 minor support holds. Above 1.0430 will encourage further rise to 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. On the downside, below 1.0271 will turn intraday outlook neutral first. . |
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