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USDCHF Outlook |
Written by ActionForex.com |
Jul 03 09 07:42 GMT |
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USD/CHF's break of 1.0889 minor resistance argues that pull back from 1.1021 has completed at 1.0712 already. Intraday bias is now cautiously on the upside and further rise is in favor to test 1.1021 first. Break will confirm resumption of whole rally from 1.0590 and should then target 1.1158/1740 key resistance zone. on the downside, below 1.0794 minor support will in turn argue that consolidation from 1.1021 is still in progress. But after all, downside is expected to be contained above 1.0630 to complete the pull back and bring strong rally. |
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USDCHF Outlook |
Written by ActionForex.com |
Jul 02 09 14:07 GMT |
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USD/CHF's rebound from 1.0712 extends further in early US session and pushes 4 hours MACD above signal line. It's likely that correction from 1.1021 has completed and break of 1.0889 resistance will confirm this case and bring retest of 1.1021 first. Break will confirm whole rebound from 1.0590 has resumed for 1.1158/1740 key resistance zone. On the downside, while another fall cannot be ruled out for the moment, downside is expected to be contained above 1.0630 to complete the pull back and bring strong rally. |
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USDCHF Outlook |
Written by ActionForex.com |
Jul 02 09 08:41 GMT |
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USD/CHF's fall from 1.1021 was contained at 1.0712 and rebounds strongly. While another fall cannot be ruled out with 1.0889 minor resistance intact, downside is expected to be contained above 1.0630 to complete the pull back and bring strong rally. Above 1.0889 will flip intraday bias back to the upside for 1.1021 resistance first. Break will confirm whole rebound from 1.0590 has resumed for 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jul 01 09 14:21 GMT |
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USD/CHF's break of 1.0777 indicates that pull back from 1.1021 has resumed and at this point, more downside should be seen as long as 1.0889 minor resistance holds. Nevertheless, downside should still be contained above 1.0630 support and bring strong rally. Above 1.0889 will indicate that correction from 1.1021 has completed and will flip intraday bias back to the upside for 1.1021 resistance first. Break will confirm whole rebound from 1.0590 has resumed for 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jul 01 09 08:45 GMT |
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With 4 hours MACD crossed above signal line, intraday outlook in USD/CHF is turned neutral for the moment. Pull back from 1.1021 might have completed at 1.0777 already. Break of 1.0911 resistance will affirm this case and flip intraday bias back to the upside for 1.1021 resistance first. Break will confirm whole rebound from 1.0590 has resumed for 1.1158/1740 key resistance zone. On the downside, below 1.0777 will indicate that pull back from 1.1021 is still in progress. But after all, even in case of another fall, downside is expected to be contained above 1.0630 support and bring strong rally. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 30 09 14:29 GMT |
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USD/CHF rebounds strongly after edging lower to 1.0770. Though, with 1.0911 minor resistance intact, another fall cannot be ruled out. But note that firstly, even in case of another fall, downside is expected to be contained above 1.0630 support and bring strong rally. We continue to favor the bullish case that USD/CHF has bottomed out at 1.0590 already and hence expect rise from there to resume sooner or later. On the upside, above 1.0911 minor resistance will flip intraday bias back to the upside. Further break of 1.1021 will target 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 30 09 08:41 GMT |
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At this point, intraday bias remains on the downside in USD/CHF as long as 1.0911 minor resistance and further fall could still be seen. But after all, the pull back from 1.1021 is expected to be contained above 1.0630 support and bring strong rally. We continue to favor the bullish case that USD/CHF has bottomed out at 1.0590 already and hence expect rise from there to resume sooner or later. Above 1.0911 minor resistance will flip intraday bias back to the upside. Further break of 1.1021 will target 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 29 09 13:20 GMT |
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Another fall in USD/CHF cannot be ruled out with 1.0930 minor resistance intact. But after all, the pull back from 1.1021 s expected to be contained above 1.0630 support and bring strong rally. We continue to favor the bullish case that USD/CHF has bottomed out at 1.0590 already and hence expect rise from there to resume sooner or later. Above 1.0930 minor resistance will flip intraday bias back to the upside. Further break of 1.1021 will target 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 29 09 08:45 GMT |
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USD/CHF recovers today but anther fall cannot be ruled out with 1.0930 minor resistance. But after all, retreat from 1.1021 is expected to be contained above 1.0630 support and bring strong rally. We continue to favor the bullish case that USD/CHF has bottomed out at 1.0590 already and hence expect rise from there to resume sooner or later. Above 1.0930 minor resistance will flip intraday bias back to the upside. Further break of 1.1021 will target 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 27 09 14:41 GMT |
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USD/CHF's break of 1.0985 resistance last week argues that rebound from 1.0590 is resuming but no follow through buying was see after the pair reached 1.1021. Subsequent retreat sent USD/CHF below 1.0836 minor support and thus turned outlook neutral first. Some more downside might be seen initially this week but after all, with 1.0630 support intact, we;d continue to favor the bullish case that USD/CHF has bottomed out at 1.0590 already and hence expect rise from there to resume sooner or level. Above 1.0930 minor resistance will flip intraday bias back to the upside. Further break of 1.1021 will target 1.1158/1740 key resistance zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 26 09 13:38 GMT |
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USD/CHF dropped further to as low a s 1.0828 in early US session but is still holding above 1.0836 minor support. At this point, intraday bias remains neutral, though, another rise is still mildly in favor as long as 1.0836 holds. Above 1.0210 will bring rally resumption to 1.1158/1740 key resistance zone next. However, firm break of 1.0836 will dampen the near term bullish view and put focus back to 1.0590/0630 support zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 26 09 08:29 GMT |
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USD/CHF's retreat from 1.1021 is still in progress and some more consolidation could still be seen. But after all, another rise is in favor as long as 1.0836 minor support holds. Rise from 1.0630 and that from 1.0590 is still expected to extend further to 1.1158/1740 key resistance zone next. On the downside, however, below 1.0836 will dampen the near term bullish view and put focus back to 1.0590/0630 support zone. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 25 09 14:28 GMT |
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Intraday bias in USD/CHF remains on the upside as long as 1.0836 minor support holds. Prior break of 1.0985 resisteance indicates that rebound from 1.0590 has resumed. Further rally should be seen to 1.1158/1740 key resistance zone next. On the downside, below 1.0836 will turn intraday outlook neutral and bring consolidation. But downside should be contained above 1.0630 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 25 09 08:40 GMT |
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USD/CHF retreats mildly after rising to as high as 1.1021. Though, intraday bias remains on the upside as long as 1.0836 minor support holds. Prior break of 1.0985 resisteance indicates that rebound from 1.0590 has resumed. Further rally should be seen to 1.1158/1740 key resistance zone next. On the downside, below 1.0836 will turn intraday outlook neutral and bring consolidation. But downside should be contained above 1.0630 support and bring rally resumption. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 24 09 12:40 GMT |
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USD/CHF rebounded strongly from 1.0630 to as high as 1.0906 today. The development, with fall from 1.0954 contained by 1.0590/1.0650 support zone, is consistent with the view that price actions from 1.0985 are merely consolidation to rise from 1.0590 only. Such consolidation might have completed with three waves down to 1.0630 already. Further rise is now is favor and break of 1.0954 /0985 resistance zone will bring resumption of rise from 1.0590 towards 1.1158/1740 key resistance zone next. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 24 09 08:48 GMT |
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USD/CHF dived to as low as 1.0630 before turning sideway. As the pair is now sitting on important support zone of 1.0590/0650, outlook is turned neutral for the moment. On the upside, above 1.0743 minor resistance will reaffirm the case that 1.0590 is a bottom and will flip intraday bias back to the upside. Further break of 1.0897 will indicate that rise from 1.0590 is resuming for 1.1158/1740 key resistance zone next. However, break of 1.0590 low will invalidate this view and indicate that recent decline from 1.1740 is still in progress for 1.0366 support. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 23 09 14:33 GMT |
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USD/CHF's break of 1.0760 suggests that correction from 1.0954 has resumed and might extend lower towards 1.0650 support. But after all, downside is expected to be contained there and bring strong rebound. We's still favoring the case that USD/CHF has bottomed out at 1.0590. Above 1.0897 will indicate that rebound from there is resuming and should target 1.1158/1740 key resistance zone next. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 23 09 08:46 GMT |
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USD/CHF failed 1.0897 minor resistance and retreated again. INtraday outlook remains neutral for the moment and consolidation from 1.0954 is still in progress. Another fall to 1.0760 might be seen but after all, downside is expected to be contained by 1.0650 support and bring strong rebound. On the upside, above 1.0897 will suggest that recent consolidation is completed and rise from 1.05909 is resuming for 1.1158/1740 key resistance zone next. |
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USDCHF Outlook |
Written by ActionForex.com |
Jun 22 09 14:13 GMT |
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USD/CHF retreats mildly after failing to take out 1.0897 minor resistance. Intraday outlook remains neutral for the moment. On the upside, break of 1.0897 will suggest that consolidation from 1.0954 has completed and will flip intraday bias back to the upside. Further break of 1.0954/1.0985 resistance zone will confirm that whole rebound from 1.0590 has resumed and should target 1.1158/1740 key resistance zone next. On the downside, while some more consolidation cannot be ruled out for the moment, downside is still expected to be contained by 1.0650 support and bring strong rebound. |
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