Daily Pivots: (S1) 0.9675; (P) 0.9763; (R1) 0.9808; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9851. In case of another fall, downside should be contained by 38.2% retracement of 0.9193 to 0.9851 at 0.9600. On the upside, firm break of 0.9851 will bring up trend resumption.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. Sustained break there will pave the way back to 1.0342 high. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9675; (P) 0.9763; (R1) 0.9808; More….

With current retreat, a short term top could be formed at 0.9851 in USD/CHF already, just ahead of medium term projection level at 0.9864. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 38.2% retracement of 0.9193 to 0.9851 at 0.9600. On the upside, firm break of 0.9864 will bring up trend resumption.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. Sustained break there will pave the way back to 1.0342 high. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9740; (P) 0.9770; (R1) 0.9819; More….

USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rally should target next medium term projection level at 0.9864. On the downside, however, considering bearish divergence condition in 4 hour MACD, break of 0.9669 minor support should indicate short term bottoming, and turn bias back to the downside for deeper pull back.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9740; (P) 0.9770; (R1) 0.9819; More….

Intraday bias in USD/CHF stays on the upside despite loss of upside momentum. Current rally should target next medium term projection level at 0.9864. On the downside, however, considering bearish divergence condition in 4 hour MACD, break of 0.9669 minor support should indicate short term bottoming, and turn bias back to the downside for deeper pull back.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9727; (P) 0.9758; (R1) 0.9807; More….

USD/CHF retreats notably today, but further rise is expected with 0.9669 minor support intact. Current rally should target next medium term projection level at 0.9864. On the downside, however, considering bearish divergence condition in 4 hour MACD, break of 0.9669 minor support should indicate short term bottoming, and turn bias back to the downside for deeper pull back.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9727; (P) 0.9758; (R1) 0.9807; More….

Intraday bias in USD/CHF remains on the upside for the moment. Current rally should target next medium term projection level at 0.9864. On the downside, however, break of 0.9669 minor support should indicate short term bottoming, and turn bias back to the downside for deeper pull back.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More….

Intraday bias in USD/CHF is back on the upside with break of 0.9758 temporary top. Current rally should target next medium term projection level at 0.9864. On the downside, however, break of 0.9669 minor support should indicate short term bottoming, and turn bias back to the downside for deeper pull back.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9758 temporary top. Deeper retreat could be seen, but downside should be contained well above 0.9459 support to bring another rally. On the upside, break of 0.9758 will resume larger rise to next medium term projection level at 0.9864.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

USD/CHF surged to as high as 0.9758 last week but formed a temporary top there. Initial bias is neutral this week for some consolidations. Downside of retreat should be contained above 0.9459 support to bring another rally. On the upside, break of 0.9758 will resume larger rise to next medium term projection level at 0.9864.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9675; (P) 0.9717; (R1) 0.9761; More….

A temporary top is formed at 0.9578 in USD/CHF and intraday bias is turned neutral for consolidation. Downside of retreat should be contained above 0.9459 resistance turned support to bring another rally. On the upside, above 0.9758 will resume larger rise to next medium term projection level at 0.9864.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9675; (P) 0.9717; (R1) 0.9761; More….

Intraday bias in USD/CHF remains on the upside for the moment. Current up trend should target next medium term projection level at 0.9864. On the downside, below 0.9669 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained above 0.9459 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9635; (P) 0.9669; (R1) 0.9722; More….

USD/CHF’s rally continues today and intraday bias remains on the upside. Current up trend should target next medium term projection level at 0.9864. On the downside, below 0.9669 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained above 0.9459 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9635; (P) 0.9669; (R1) 0.9722; More….

Intraday bias in USD/CHF remains on the upside for the moment. Current up trend should target next projection level at 0.9864. On the downside, below 0.9631 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained above 0.9459 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9584; (P) 0.9606; (R1) 0.9647; More….

USD/CHF’s rally is still in progress and outlook is unchanged. Intraday bias remains on the upside for next projection level at 0.9864. On the downside, below 0.9602 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained well above 0.9372 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9584; (P) 0.9606; (R1) 0.9647; More….

Intraday bias in USD/CHF is back on the upside as rally resumed after brief consolidation. Current rise should target 0.9864 projection level next. On the downside, below 0.9545 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained above 0.9372 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9564; (P) 0.9580; (R1) 0.9614; More….

USD/CHF continues to lose upside momentum as seen in 4 hour MACD and intraday bias is turned neutral first. Some consolidations could be seen. But downside should be contained above 0.9372 resistance turned support to bring another rally. On the upside, sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

Daily Pivots: (S1) 0.9564; (P) 0.9580; (R1) 0.9614; More….

Intraday bias in USD/CHF stays on the upside for the moment. Sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864. On the downside, break of 0.9542 minor support will turn intraday bias neutral to bring consolidations. But downside of retreat should be contained above 0.9372 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

Daily Pivots: (S1) 0.9534; (P) 0.9564; (R1) 0.9599; More….

Outlook in USD/CHF is unchanged and intraday bias stays on the upside. Sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864. On the downside, break of 0.9453 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

Daily Pivots: (S1) 0.9534; (P) 0.9564; (R1) 0.9599; More….

Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864. On the downside, break of 0.9453 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

USD/CHF’s up trend continued last week and hit as high as 0.9592, hitting 0.9591 medium term projection level. Initial bias remains on the upside this week first. Sustained break of 0.9591 will pave the way to next projection level at 0.9864. On the downside, break of 0.9453 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.