Thu, Sep 19, 2019 @ 14:54 GMT

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9698; (P) 0.9787; (R1) 0.9839; More

Intraday bias in USD/CHF remains on the downside at this point. Corrective rise from 0.9659 should have completed at 0.9887. Deeper fall should be seen to retest 0.9659 first. Break will resume whole decline from 1.0237 to 0.9587 fibonacci level. For now, risk will stay on the downside as long as 0.9877 holds, in case of recovery.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.9659 extended to 0.9877 last week. But subsequent sharp decline suggests that the corrective rise has completed. Initial bias is back on the downside this week for 0.9659 first. Break will resume whole decline from 1.0237 to 0.9587 fibonacci level. For now, risk will stay on the downside as long as 0.9877 holds, in case of recovery.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9820; (P) 0.9832; (R1) 0.9851; More

Intraday bias in USD/CHF is turned neutral with today’s retreat. On the upside, break of 0.9877 will extend the rebound from 0.9659 to 0.9975 resistance. On the downside, break of 0.9773 minor support will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9820; (P) 0.9832; (R1) 0.9851; More

Intraday bias in USD/CHF remains on the upside as rebound from 0.9659 is in progress. Sustained trading above 55 day EMA (now at 0.98560 will target 0.9975 resistance next. Firm break there will indicate completion of whole fall from 1.0237. On the downside, break of 0.9773 minor support will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9790; (P) 0.9810; (R1) 0.9848; More

Intraday bias in USD/CHF remains mildly on the upside. Current recovery from 0.9659 should target 55 day EMA (now at 0.9856). Sustained break will target 0.9975 resistance. On the downside, break of 0.9773 minor support will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9790; (P) 0.9810; (R1) 0.9848; More

Break of 0.9821 suggests resumption of rebound from 0.9659. Intraday bias is back on the upside for 55 day EMA (now at 0.9856). Sustained break will target 0.9975 resistance. On the downside, break of 0.9773 minor support will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9763; (P) 0.9790; (R1) 0.9806; More

Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.9821 will extend the rebound to 55 day EMA (now at 0.9856). Sustained break will target 0.9975 resistance. On the downside, break of 0.9762 will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9763; (P) 0.9790; (R1) 0.9806; More

A temporary topis formed at 0.9821 in USD/CHF and intraday bias is turned neutral first. On the downside, break of 0.9762 will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first. On the upside, above 0.9821 will extend the rebound to 55 day EMA (now at 0.9856). Sustained break will target 0.9975 resistance.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9782; (P) 0.9802; (R1) 0.9835; More

No change in USD/CHF’s outlook. With 0.9762 minor support intact, recovery from 0.9659 is still in progress for 55 day EMA (now at 0.9859). Sustained break will target 0.9975 resistance. On the downside, break of 0.9762 minor support will turn bias back to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9782; (P) 0.9802; (R1) 0.9835; More

With 0.9762 minor support intact, recovery from 0.9659 is still in progress for 55 day EMA (now at 0.9859). Sustained break will target 0.9975 resistance. On the downside, break of 0.9762 minor support will turn bias back to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 106.07; (P) 106.28; (R1) 106.54; More…

No change in USD/JPY’s outlook as it’s staying in consolidation from 105.04. Intraday bias remains neutral first. With 107.09 minor resistance intact, further decline is in favor. On the downside, break of 105.04 will resume larger decline from 112.40 to 104.69 low. Break will target 100% projection of 112.40 to 106.78 from 109.31 at 103.69. On the upside, though, break of 107.09 resistance will indicate short term bottoming. In this case, stronger rebound would be seen back to 55 day EMA (now at 107.75).

In the bigger picture, decline from 118.65 (Dec 2016) is still in progress and the pair is staying well inside long term falling channel. Break of 104.62 will target 100% projection of 118.65 to 104.62 from 114.54 at 100.51. For now, we’d expect strong support above 98.97 (2016 low) to contain downside to bring rebound. In any case, break of 112.40 is needed to the first serious sign of medium term bullishness. Otherwise, further decline will remain in favor in case of rebound.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9759; (P) 0.9784; (R1) 0.9809; More

USD/CHF’s rebound from 0.9762 extends to as high as 0.9821 so far today. Intraday bias remains on the upside for 55 day EMA (now at 0.9861). Sustained break will target 0.9975 resistance. On the downside, break of 0.9762 minor support will turn bias back to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9759; (P) 0.9784; (R1) 0.9809; More

Intraday bias in USD/CHF remains mildly on the upside at this point. Rebound from 0.9659 is in progress for 55 day EMA (now at 0.9863). Sustained break will target 0.9975 resistance. On the downside, break of 0.9721 minor support will turn bias back to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Weekly Outlook

USD/CHF edged lower to 0.9695 last week but rebounded since then, after forming a short term bottom. Initial bias is mildly on the upside this week, for rebound to 55 day EMA (now at 0.9863). Sustained break will target 0.9975 resistance. On the downside, break of 0.9721 minor support will turn bias back to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9732; (P) 0.9754; (R1) 0.9787; More

USD/CHF’s break of 0.9797 minor resistance suggests short term bottoming at 0.9659. Intraday bias is mild on the upside for rebound to 55 day EMA (now at 0.9866). Sustained break will target 0.9975 resistance. On the downside, break of 0.9721 minor support will turn bias to the downside for 0.9659 low instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9732; (P) 0.9754; (R1) 0.9787; More

Intraday bias in USD/CHF remains neutral for more consolidations above 0.9659. With 0.9797 minor resistance intact, further fall is expected. Break of 0.9659 will extend the decline from 1.0237 to 0.9587 fibonacci level first. Break will target 100% projection of 1.0237 to 0.9695 from 0.9975 at 0.9433. However, break of 0.9797 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9866).

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9702; (P) 0.9737; (R1) 0.9769; More

Intraday bias in USD/CHF remains neutral at this point and more consolidation could be seen. With 0.9797 minor resistance intact, further fall is expected. Break of 0.9659 will extend the decline from 1.0237 to 0.9587 fibonacci level first. Break will target 100% projection of 1.0237 to 0.9695 from 0.9975 at 0.9433. However, break of 0.9797 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9875).

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9702; (P) 0.9737; (R1) 0.9769; More

USD/CHF is staying in consolidation from 0.9659 and intraday bias remains neutral first. With 0.9797 minor resistance intact, further fall is expected. Break of 0.9659 will extend the decline from 1.0237 to 0.9587 fibonacci level first. Break will target 100% projection of 1.0237 to 0.9695 from 0.9975 at 0.9433. However, break of 0.9797 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9875).

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9695; (P) 0.9731; (R1) 0.9803; More

Intraday bias in USD/CHF remains neutral for consolidation above 0.9659 temporary low. With 0.9797 minor resistance intact, further fall is expected. Break of 0.9659 will extend the decline from 1.0237 to 0.9587 fibonacci level first. Break will target 100% projection of 1.0237 to 0.9695 from 0.9975 at 0.9433. However, break of 0.9797 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9875).

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9695; (P) 0.9731; (R1) 0.9803; More

USD/CHF rebounded strongly after hitting 0.9659. But upside is limited below 0.9797 minor resistance so far. Intraday bias is turned neutral first. Further fall is expected with 0.9797 intact. Break of 0.9659 will extend the decline from 1.0237 to 0.9587 fibonacci level first. Break will target 100% projection of 1.0237 to 0.9695 from 0.9975 at 0.9433. However, break of 0.9797 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9875).

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. Nevertheless, break of 0.9975 resistance is needed to indicate completion of the decline from 1.0237. Otherwise, risk will stay on the downside.

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