|
USDCHF Outlook |
Written by ActionForex.com |
Mar 19 10 13:14 GMT |
|
|
Intraday bias in USD/CHF remains neutral for the moment. Another fall cannot be ruled out with 1.0643 resistance intact. But we'd continue to expect strong support from rising trend line (now at 1.0482) to conclude the correction from 1.0897 bring rally resumption. Decisive break of 1.0634 will argue that such correction is finished and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 19 10 08:33 GMT |
|
|
USD/CHF's recovery from 1.0506 was limited by 1.0643 resistance even though it was strong. Choppy correction from 1.0897 might still continue with another fall. But still, we'd expect strong support from rising trend line (now at 1.0482) to conclude the correction from bring rally resumption. Decisive break of 1.0634 will argue that such correction is finished and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 18 10 14:40 GMT |
|
|
Another fall could still be seen in USD/CHF with 1.6034 resistance intact. However, we'd expect strong support from rising trend line (now at 1.0476) to conclude the correction from 1.0897 and bring rally resumption. Above 1.0634 will argue that such correction is finished and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 18 10 07:18 GMT |
|
|
With 4 hours MACD back above signal line, intraday bias in USD/CHF is turned neutral again. While correction from 1.0897 might still extend further, we'd expect strong support from rising trend line (now at 1.0473) to conclude the correction and bring rally resumption. Above 1.0634 will argue that such correction is finished and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 17 10 13:31 GMT |
|
|
USD/CHF recovers mildly after diving to 1.0512 eawrlier today. With 1.0643 minor resistance intact, correction from 1.0897 might still extend further. However, as fall from 1.0897 is treated as a correction in the larger rally only, downside is expected to be contained by the trend line support and bring strong rebound. Break of 1.0643 resistance will indicate that correction from 1.0897 has likely completed and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 17 10 07:29 GMT |
|
|
USD/CHF's fall extends further to as low as 1.0515 so far and at this point, intraday bias remains on the downside for rising trend line support (now at 1.0466). As fall from 1.0897 is treated as a correction in the larger rally only, downside is expected to be contained by the trend line support and bring strong rebound. Break of 1.0643 resistance will indicate that correction from 1.0897 has likely completed and should flip intraday bias back to the upside for 1.0809 resistance for confirmation. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 16 10 13:18 GMT |
|
|
USD/CHF's fall resumes after brief recovery. At this point, further decline could still be seen towards rising trend line support (now at 1.0462). Nevertheless, as fall from 1.0897 is treated as a correction in the larger rally only, downside is expected to be contained by the trend line support and bring strong rebound. On the upside, above 1.0643 minor resistance will turn intraday bias neutral again. Further break of 1.0809 will indicate that the correction is finished and bring retest of 1.0897 high. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 16 10 07:04 GMT |
|
|
Intraday bias is turned neutral for the moment with 4 hours MACD crossed above signal line. Some sideway trading could be seen in USD/CHF. On the downside, below 1.0575 will bring another fall but after all, there is no change in the view that it's a correction in the larger rise only. Hence, we'd expect downside to be contained by the mentioned trend line support to conclude the correction. On the upside, break of 1.0809 will indicate that the correction is finished and bring retest of 1.0897 high. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 15 10 13:42 GMT |
|
|
No change in USD/CHF's outlook. Intraday bias in remains mildly on the downside and fall from 1.0897 might extend further towards trend line support (now at 1.0456). However, there is no change in the view that it's a correction in the larger rise only. Hence, we'd expect downside to be contained by the mentioned trend line support to conclude the correction. On the upside, above 1.0647 minor resistance will turn intraday bias neutral and bring recovery. Break of 1.0809 will indicate that the correction is finished and bring retest of 1.0897 high. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 15 10 07:15 GMT |
|
|
At this point, intraday bias in USD/CHF remains on the downside and fall from 1.0897 might extend further towards trend line support (now at 1.0456). However, there is no change in the view that it's a correction in the larger rise only. Hence, we'd expect downside to be contained by the mentioned trend line support to conclude the correction. On the upside, above 1.0647 minor resistance will turn intraday bias neutral and bring recovery. Break of 1.0809 will indicate that the correction is finished and bring retest of 1.0897 high. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 13 10 14:16 GMT |
|
|
USD/CHF dropped sharply to as low as 1.0575 last week and initial bias remains on the downside this week for rising trend line support (now at 1.0448). While the fall from 1.0897 is deeper than we originally thought, there is no change in the view that it's a correction in the larger rise. Hence, we'd expect downside to be contained by the mentioned trend line support to conclude the correction. On the upside, above 1.0647 minor resistance will turn intraday bias neutral and bring recovery. But break of 1.0809 resistance is needed to indicate that fall from 1.0897 has finished. Otherwise, another fall would remain in favor. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 12 10 12:59 GMT |
|
|
USD/CHF drops to as low as 1.0576 today so far and the break of 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) argue that correction from 1.0897 is deeper than we expected. Intraday bias remains on the downside and further fall could now be seen towards near term rising trend line support (now at 1.0446) before completing the correction. On the upside, above 1.0647 will turn intraday bias neutral first. But break of 1.0809 resistance is needed to indicate that choppy fall from 1.0897 is completed. Otherwise, risk will remain on the downside. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 12 10 05:57 GMT |
|
|
USD/CHF drops further to as low as 1.0662 so far today and is still falling to 1.0648 support and below. Nevertheless, note that price actions from 1.0897 are treated as consolidations to the larger rally only. Hence, we'd expect downside to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0778) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 11 10 12:52 GMT |
|
|
USD/CHF dips to 1.0723 today but recovers in early US session. Consolidation from 1.0897 is still in progress and more choppy sideway trading might be seen. Another fall cannot be ruled out with 1.0809 minor resistance intact. But downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0778) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 11 10 07:48 GMT |
|
|
With 1.0809 minor resistance intact, consolidations from 1.0897 is still in progress and another fall might be seen. Nevertheless, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 10 10 13:03 GMT |
|
|
With 1.0809 minor resistance intact, consolidations from 1.0897 is still in progress and another fall might be seen. Nevertheless, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 10 10 06:50 GMT |
|
|
With 1.0809 minor resistance intact, consolidations from 1.0897 is still in progress and another fall might be seen. Nevertheless, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 09 10 13:02 GMT |
|
|
Intraday bias in USD/CHF remains neutral for moment and consolidations from 1.0897 might still continue. Nevertheless, even in case of another fall, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
|
USDCHF Outlook |
Written by ActionForex.com |
Mar 09 10 05:21 GMT |
|
|
No change in USD/CHF's outlook. Consolidation from 1.0897 is still in progress and another fall could still be seen to 1.0648 support and below. Nevertheless, downside is still expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. |
|
Read more...
|
|
