Daily Pivots: (S1) 0.7941; (P) 0.7953; (R1) 0.7975; More…

Intraday bias in USD/CHF remains neutral for the moment. As noted before, corrective rebound from 0.7828 could have completed with three waves up to 0.8123. Break of 0.7872 support will pave the way through 0.7828 to resume the larger down trend. Next near term target is 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. However, sustained break of 55 4H EMA (now at 0.7984) will mix up the outlook.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7941; (P) 0.7953; (R1) 0.7975; More…

No change in USD/CHF’s outlook and intraday bias in USD/CHF stays neutral for consolidations above 0.7877. As noted before, corrective rebound from 0.7828 could have completed with three waves up to 0.8123. Break of 0.7872 support will pave the way through 0.7828 to resume the larger down trend. Next near term target is 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. However, sustained break of 55 4H EMA (now at 0.7984) will mix up the outlook.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7897; (P) 0.7923; (R1) 0.7967; More…

Intraday bias in USD/CHF remains neutral for the moment. Outlook is unchanged that corrective rebound from 0.7828 has completed with three waves up to 0.8123. Break of 0.7872 support will pave the way through 0.7828 to resume the larger down trend. Next near term target is 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. However, sustained break of 55 4H EMA (now at 0.7990) will mix up the outlook.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7897; (P) 0.7923; (R1) 0.7967; More…

Intraday bias in USD/CHF remains neutral and some consolidations could be seen above 0.7877 temporary low. Outlook is unchanged that corrective rebound from 0.7828 has completed with three waves up to 0.8123. Break of 0.7872 support will pave the way through 0.7828 to resume the larger down trend. Next near term target is 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. However, sustained break of 55 4H EMA (now at 0.792) will mix up the outlook.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

USD/CHF’s fall from 0.8123 accelerated to as low as 0.7877 last week but recovered ahead of 0.7872 support. Initial bias is turned neutral this week first. Current development suggests that corrective rebound from 0.7828 has completed with three waves up to 0.8123. Break of 0.7872 support will pave the way through 0.7828 to resume the larger down trend. Next near term target is 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. However, sustained break of 55 4H EMA (now at 0.7997) will mix up the outlook.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

In the long term picture, price action from 0.7065 (2011 low) are seen as a corrective pattern to the multi-decade down trend from 1.8305 (2000 high). It’s uncertain if the fall from 1.0342 is the second leg of the pattern, or resumption of the downtrend. But in either case, outlook will stay bearish as long as 0.8756 support turned resistance holds (2021 low). Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.7894; (P) 0.7944; (R1) 0.7979; More…

USD/CHF’s fall from 0.8123 accelerates lower today and intraday bias remains on the downside. Decisive break of 0.7872 support will argue that larger down trend is ready to resume. Break of 0.7828 will target 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. On the upside, above 0.7941 minor resistance will delay the bearish case and bring more consolidations first.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7894; (P) 0.7944; (R1) 0.7979; More…

Intraday bias in USD/CHF remains on the downside as fall from 0.8123 is in progress. Decisive break of 0.7872 support will argue that down trend is ready to resume. Break of 0.7828 will target 38.2% projection of 0.9200 to 0.7828 from 0.8123 at 0.7599. On the upside, above 0.7993 minor resistance will delay the bearish case and bring more consolidations first.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7961; (P) 0.7986; (R1) 0.8005; More…

USD/CHF’s fall from 0.8123 continues today and intraday bias remains on the downside for 0.7872 support. Firm break there will argue that larger down trend is ready to resume through 0.7828 low. On the upside, above 0.8010 minor resistance will turn intraday bias neutral again.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7961; (P) 0.7986; (R1) 0.8005; More…

Intraday bias in USD/CHF stays mildly on the downside for the moment. Fall from 0.8123 should target 0.7872 support. Firm break there will argue that larger down trend is ready to resume through 0.7828 low. On the upside, above 0.8031 minor resistance will turn intraday bias neutral again.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7972; (P) 0.8020; (R1) 0.8053; More…

USD/CHF’s fall from 0.8123 is in progress and intraday bias stays on the downside. Corrective rebound from 0.7828 should have completed with three waves up to 0.8123. Deeper decline should be seen to 0.7872 support. Firm break there will argue that larger down trend is ready to resume through 0.7828 low. On the upside, above 0.8031 minor resistance will turn intraday bias neutral again.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7972; (P) 0.8020; (R1) 0.8053; More…

Intraday bias in USD/CHF remains on the downside for the moment. Corrective rebound from 0.7828 should have completed with three waves up to 0.8123. Deeper fall should be seen to 0.7872 support. Firm break there will argue that larger down trend is ready to resume through 0.7828 low. For now, risk will stay on the downside as long as 0.8123 resistance holds, in case of recovery.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8038; (P) 0.8056; (R1) 0.8067; More…

USD/CHF’s fall from 0.8123 accelerates lower today. Break of 55 D EMA (now at 0.8008) suggests that corrective rebound from 0.7828 has completed with three waves up to 0.8123. Intraday bias is back on the downside for 0.7872 support. Firm break there will argue that larger down trend is ready to resume 0.7828 low. For now, risk will stay on the downside as long as 0.8123 resistance holds, in case of recovery.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8038; (P) 0.8056; (R1) 0.8067; More…

Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the downside, decisive break of 55 D EMA (now at 0.8008) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. On the upside, above 0.8123 will resume the rebound to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8027; (P) 0.8056; (R1) 0.8080; More…

Outlook is unchanged in USD/CHF and intraday bias remains neutral. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. On the upside, above 0.8123 will resume the rebound to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8027; (P) 0.8056; (R1) 0.8080; More…

Intraday bias in USD/CHF remains neutral at this point. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. On the upside, above 0.8123 will resume the rebound to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

USD/CHF rose to 0.8123 last week but retreated after hitting 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Initial bias remains neutral this week first. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. ON the upside, above 0.8123 will resume the rebound to 138.2% projection at 0.8213.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

In the long term picture, price action from 0.7065 (2011 low) are seen as a corrective pattern to the multi-decade down trend from 1.8305 (2000 high). It’s uncertain if the fall from 1.0342 is the second leg of the pattern, or resumption of the downtrend. But in either case, outlook will stay bearish as long as 0.8756 support turned resistance holds (2021 low). Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.8045; (P) 0.8076; (R1) 0.8092; More…

Intraday bias in USD/CHF remains on neutral for the moment. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8007) will argue that the corrective bounce has completed and bring retest of 0.7828 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8045; (P) 0.8076; (R1) 0.8092; More…

USD/CHF is staying in consolidations and intraday bias remains neutral. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8007) will argue that the corrective bounce has completed and bring retest of 0.7828 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More…

Intraday bias in USD/CHF remains neutral for consolidations below 0.8123 temporary top. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8038) will argue that the corrective bounce has completed and bring retest of 0.7828 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More…

A temporary top was formed at 0.8123 after USD/CHF hit 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Intraday bias is turned neutral first. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8002) will argue that the corrective bounce has completed and bring retest of 0.7828 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low).