Wed, Jul 17, 2019 @ 06:30 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0016; (R1) 1.0039; More…..

USD/CHF’s rebound from 0.9812 is still in progress and intraday bias remains on the upside. The corrective fall from 1.0342 should have finished with three waves down to 0.9812 already. Sustained trading above 55 day EMA (now at 1.0022) will affirm this bullish case. Break of 1.0169 resistance will confirm and target a test on 1.0342 high. On the downside, however, below 0.9948 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0016; (R1) 1.0039; More…..

Intraday bias in USD/CHF remains on the upside for the moment. Corrective decline from 1.0342 could have completed at 0.9812 already. Sustained trading above 55 day EMA (now at 1.0022) will affirm this bullish case. Break of 1.0169 resistance will confirm and target a test on 1.0342 high. On the downside, however, below 0.9948 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Weekly Outlook

USD/CHF dipped to 0.9812 last week but rebounded strongly since then. The development indicates short term bottoming at 0.9812. And it’s raising the chance that decline from 1.0342 is completed. More upside is expected in near term. The corrective structure of such decline points to underlying bullishness. But strong break of 1.0342 key resistance is still needed to confirm medium term momentum. Otherwise, it’s possibly just part of a larger consolidation pattern.

USD/CHF Weekly Chart

Initial bias in USD/CHF stays on the upside this week. Sustained trading above 55 day EMA (now at 1.0023) will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9948 minor support will turn bias back to the downside for 0.9812 instead.

USD/CHF Monthly Chart

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF Weekly Chart

Meanwhile firm break of 1.0342 will target 38.2% retracement of 1.8305 to 0.7065 at 1.1359.

USD/CHF Monthly Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9969; (P) 0.9990; (R1) 1.0033; More…..

Intraday bias in USD/CHF remains on the upside as rebound from 0.9812 short term bottom continues. Sustained trading above 55 day EMA (now at 1.0021) will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9934 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9969; (P) 0.9990; (R1) 1.0033; More…..

Intraday bias in USD/CHF remains on the upside as rebound from 0.9812 short term bottom continues. Sustained trading above 55 day EMA (now at 1.0021) will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9934 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9924; (P) 0.9950; (R1) 0.9988; More…..

USD/CHF’s rebound from 0.9812 is still in progress and intraday bias remains on the upside at this point. The rise from 0.9812 short term bottom should target 55 day EMA (now at 1.0023) next. Sustained trading above there will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9912 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9924; (P) 0.9950; (R1) 0.9988; More…..

Intraday bias in USD/CHF remains on the upside for the moment. A short term bottom is in place at 0.9812 on bullish convergence condition in 4 hour MACD. Further rise should be seen to 55 day EMA (now at 1.0021). Sustained trading above there will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9912 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9858; (P) 0.9897; (R1) 0.9962; More…..

USD/CHF’s rebound from 0.9812 extends higher today. The break of 0.9959 resistance indicates short term bottoming at 0.9812 on bullish convergence condition in 4 hour MACD. Intraday bias is turned back to the upside for 55 day EMA (now at 1.0025). Sustained trading above there will argue that whole decline from 1.0342 has completed. Further rise should then be seen to 1.0169 resistance for confirmation. On the downside, below 0.9912 minor support will turn bias back to the downside for 0.9812 instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9858; (P) 0.9897; (R1) 0.9962; More…..

USD/CHF rebounded strongly but stays below 0.9959 minor resistance so far. Intraday bias is staying neutral first. With 0.9959 minor resistance intact, another decline is in favor. Below 0.9812 will extend the decline from 1.0342 to 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. However, considering bullish convergence condition in 4 hour MACD, break of 0.9959 will indicate short term bottoming and turn bias back to the upside for 55 day EMA (now at 1.0025).

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9812; (P) 0.9854; (R1) 0.9894; More…..

Intraday bias in USD/CHF is turned neutral with a temporary low in place at 0.9812. Some consolidation could be seen. But deeper fall is still expected as long as 0.9959 resistance holds. Below 0.9812 will extend the current decline from 1.0342 to 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687 and possibly below. However, break of 0.9959 will indicate short term bottoming and turn bias back to the upside for 55 day EMA (now at 1.0022).

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9812; (P) 0.9854; (R1) 0.9894; More…..

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 1.0342 should extend to 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687 and possibly below. On the upside, break of 0.9959 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9881; (P) 0.9920; (R1) 0.9952; More…..

USD/CHF’s decline accelerates to as low as 0.9812 so far. Intraday bias remains on the downside. Whole decline from 1.0342 would target 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687 and possibly below. On the upside, break of 0.9959 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9881; (P) 0.9920; (R1) 0.9952; More…..

USD/CHF’s fall from 1.0169 resumes by breaking 0.9881 and intraday bias is back on the downside for 0.9860 support. Break will resume whole decline from 1.03420. In that case, next target will be 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687 and possibly below. Meanwhile, break of 0.9959 minor resistance will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. In such case, intraday bias will be turned back to the upside for 55 day EMA (now at 1.0035).

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of deeper fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Weekly Outlook

USD/CHF dropped to as low as 0.9881 last week but lost momentum ahead of 0.9860 support and recovered. With a temporary low formed, some consolidations could be seen. But overall outlook is unchanged. That’s is, whole fall from 1.0342 is not completed yet and another decline is in favor through 0.9860.

USD/CHF Weekly Chart

Initial bias in USD/CHF stays neutral this week first. Deeper fall is expected as long as 1.0002 minor resistance holds. Break of 0.9860 will extend the fall from 1.0342 to 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687 and possibly below. However, break of 1.0002 will argue that fall from 1.0169 is finished and will turn bias back to the upside for this resistance instead.

USD/CHF Monthly Chart

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF Weekly Chart

Meanwhile firm break of 1.0342 will target 38.2% retracement of 1.8305 to 0.7065 at 1.1359.

USD/CHF Monthly Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9915; (P) 0.9928; (R1) 0.9946; More…..

Intraday bias in USD/CHF remains neutral for consolidation above 0.9881 temporary low. Deeper decline is in favor as long as 1.0002 minor resistance holds. Break of 0.9860 near term support will extend the whole fall from 1.0342 towards 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. However, break of 1.0002 will argue that fall from 1.0169 is finished and will turn bias back to the upside for this resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9915; (P) 0.9928; (R1) 0.9946; More…..

A temporary low is in place at 0.9881 in USD/CHF, ahead of 0.9860 support. Intraday bias is turned neutral first. Deeper decline is in favor as long as 1.0002 minor resistance holds. Break of 0.9860 will extend the whole fall from 1.0342 towards 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. However, break of 1.0002 will argue that fall from 1.0169 is finished and will turn bias back to the upside for this resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9881; (P) 0.9913; (R1) 0.9946; More…..

With 1.0002 minor resistance intact, deeper decline is still expected in USD/CHF for 0.9860 support. Break there will resume whole decline from 1.0342 and target 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. Nonetheless, on the upside, break of 1.0002 minor resistance will turn bias back to the upside for 1.0169 resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9881; (P) 0.9913; (R1) 0.9946; More…..

No change in USD/CHF’s outlook as fall from 1.0169 is still in progress. Intraday bias stays on the downside for 0.9860 support next. Whole decline from 1.0342 is likely resuming and break of 0.9860 will target 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. Nonetheless, on the upside, break of 1.0002 minor resistance will turn bias back to the upside for 1.0169 resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9905; (P) 0.9953; (R1) 0.9985; More…..

Intraday bias in USD/CHF remains on the downside and fall from 1.0169 should target 0.9860 support next. Whole decline from 1.0342 is likely resuming and break of 0.9860 will target 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. Nonetheless, on the upside, break of 1.0002 minor resistance will turn bias back to the upside for 1.0169 resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9905; (P) 0.9953; (R1) 0.9985; More…..

USD/CHF’s fall from 1.0169 is still in progress and intraday bias remains on the downside. The pair should now target 0.9860 support next. Whole decline from 1.0342 is likely resuming and break of 0.9860 will target 100% projection of 1.0342 to 0.9860 from 1.0169 at 0.9687. Nonetheless, on the upside, break of 1.0002 minor resistance will turn bias back to the upside for 1.0169 resistance instead.

In the bigger picture, USD/CHF is staying in medium term sideway pattern between 0.9443/1.0342. In any case, decisive break of 1.0342 resistance is needed to confirm underlying strength. Otherwise, we’ll stay neutral in the pair first. In case of another fall, we’d expect strong support from 0.9443/9548 support zone.

USD/CHF 4 Hours Chart

USD/CHF Daily Chart

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