Thu, May 28, 2020 @ 04:08 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9609; (P) 0.9684; (R1) 0.9729; More

Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9802 is seen as the third leg of the corrective pattern form 0.9901. Break of 0.9592 support will target 0.9502 next. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9700 minor resistance will turn bias neutral first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9609; (P) 0.9684; (R1) 0.9729; More

USD/CHF’s fall from 0.9802 accelerates lower today. The development suggests that correction from 0.9901 has started the third leg. Intraday bias is back on the downside to 0.9592 support, and then 0.9502. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9802 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9713; (P) 0.9741; (R1) 0.9768; More

USD/CHF edged lower to 0.9700 but fails to sustain below 0.9712 minor support so far. Intraday bias remains neutral first. On the downside, break of 0.9700 minor support should start the third leg of consolidation from 0.9901. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9713; (P) 0.9741; (R1) 0.9768; More

Intraday bias in USD/CHF remains neutral first while consolidation pattern from 0.9901 might extend. On the downside, break of 0.9712 minor support should start the third leg. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9714; (P) 0.9757; (R1) 0.9793; More

Intraday bias in USD/CHF remains neutral with focus on 0.9712 minor support. Break there will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9714; (P) 0.9757; (R1) 0.9793; More

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9712 minor support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9724; (P) 0.9745; (R1) 0.9778; More

USD/CHF was rejected by 0.9802 resistance earlier today and intraday bias remains neutral first. On the downside, break of 0.9712 support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9724; (P) 0.9745; (R1) 0.9778; More

Focus is immediately on 0.9802 resistance with today’s rally in USD/CHF. Break will resume the whole rebound from 0.9502. Intraday bias will be turned back to the upside for 0.9901 resistance. On the downside, break of 0.9712 support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. Overall, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9704; (P) 0.9754; (R1) 0.9780; More

Intraday bias in USD/CHF remains neutral for the moment. Consolidation pattern from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9802 will target a test on 0.9901 resistance next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9704; (P) 0.9754; (R1) 0.9780; More

Intraday bias in USD/CHF remains neutral at this point. Consolidation pattern from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9802 will target a test on 0.9901 resistance next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Weekly Outlook

USD/CHF recovered to 0.9802 last week but failed to sustain above 0.9797 resistance. Initial bias remains neutral this week first. The current development suggests that consolidation from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9802 will target a test on 0.9901 resistance next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

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.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9720; (P) 0.9747; (R1) 0.9787; More

Intraday bias in USD/CHF remains neutral with focus on 0.9797 resistance. On the upside, break of 0.9797 will resume rise from 0.9502 and target retest of 0.9901 high. On the downside, break of 0.9592 support will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. Overall, consolidation from 0.9901 is still in progress and could extend further.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9720; (P) 0.9747; (R1) 0.9787; More

USD/CHF is still limited below 0.9797 resistance despite current rebound. Intraday bias remains neutral first. On the upside, break of 0.9797 will resume rise from 0.9502 and target retest of 0.9901 high. On the downside, break of 0.9592 support will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. Overall, consolidation from 0.9901 is still in progress and could extend further.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9681; (P) 0.9706; (R1) 0.9744; More

USD/CHF is staying in range of 0.9592 and 0.9797 and intraday bias remains neutral first. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9681; (P) 0.9706; (R1) 0.9744; More

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9669; (P) 0.9698; (R1) 0.9726; More

Range trading continues in USD/CHF and intraday bias stays neutral first. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9669; (P) 0.9698; (R1) 0.9726; More

Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9657; (P) 0.9678; (R1) 0.9701; More

Intraday bias in USD/CHF stays neutral at this point. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9657; (P) 0.9678; (R1) 0.9701; More

Intraday bias in USD/CHF remains neutral as consolidation extends. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9643; (P) 0.9684; (R1) 0.9711; More

Intraday bias in USD/CHF remains neutral at this point and consolidation form 0.9901 could extend. On the downside, break of 0.9592 will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9797 will bring retest of 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

- advertisement -
- advertisement -