USD/CHF’s down trend resumed last week and hit as low as 0.8855. A temporary low could be in place and initial bias is neutral for some consolidation first. Upside of recovery should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8885 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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) 0.8881; (P) 0.8918; (R1) 0.8944; More….

USD/CHF’s decline is still in progress and intraday bias stays on the downside. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8881; (P) 0.8918; (R1) 0.8944; More….

Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8924; (P) 0.8969; (R1) 0.8994; More….

USD/CHF’s decline continues today and intraday bias remains on the downside. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8924; (P) 0.8969; (R1) 0.8994; More….

Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9013 minor resistance will turn bias neutral and bring recovery first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More….

USD/CHF”s break of 0.8982 confirms down trend resumption. Intraday bias remains on the downside for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9019 minor resistance will turn bias neutral and bring recovery first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More….

Focus is now immediately on 0.8982 support in USD/CHF. Decisive break there will confirm down trend resumption and target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. On the upside, break of 0.9093 resistance, however, will turn bias to the upside and extend the consolidation from 0.8982 with another rising leg.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9043; (P) 0.9068; (R1) 0.9117; More….

Intraday bias in USD/CHF is turned neutral with current recovery. Further fall is mildly in favor as long as 0.9093 minor resistance intact. On the downside, decisive break of 0.8982 will resume larger down trend. On the upside, above 0.9093 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9032; (P) 0.9058; (R1) 0.9074; More….

No change in USD/CHF’s outlook so far and intraday bias remains on the downside for retesting 0.8982 low first. Firm break there will resume larger down trend. On the upside, above 0.9093 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9032; (P) 0.9058; (R1) 0.9074; More….

Intraday bias in USD/CHF remains on the downside for retesting 0.8982 low first. Firm break there will resume larger down trend. On the upside, above 0.9093 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF’s fall from 0.9192 extended slightly lower last week. Initial bias stays on the downside this week for 0.8982 support first. Firm break there will resume larger down trend. On the upside, above 0.9148 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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

Daily Pivots: (S1) 0.9054; (P) 0.9074; (R1) 0.9087; More….

Intraday bias in USD/CHF stays mildly on the downside at this point. Further fall could be seen to retest 0.8982 low. Decisive break there will resume larger down trend. On the upside, above 0.9148 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9054; (P) 0.9074; (R1) 0.9087; More….

Intraday bias in USD/CHF remains mildly on the downside for retesting 0.8982 low. Decisive break there will resume larger down trend. On the upside, above 0.9148 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9062; (P) 0.9100; (R1) 0.9123; More….

USD/CHF’s break of 0.9076 suggests resumption of fall from 0.9192. Intraday bias is turned back to the downside for retesting 0.8982 low. Decisive break there will resume larger down trend. On the upside, decisive break of 0.9192 resistance will be the first sign of bullish reversal and bring stronger rise to 0.9304 resistance for confirmation.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9095; (P) 0.9115; (R1) 0.9133; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9076 will target a test on 0.8982 low. On the upside, decisive break of 0.9192 resistance will be the first sign of bullish reversal and bring stronger rise to 0.9304 resistance for confirmation.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9095; (P) 0.9115; (R1) 0.9133; More….

Intraday bias in USD/CHF is turned neutral again as rebound from 0.9076 lost momentum quickly. On the upside, decisive break of 0.9192 resistance will be the first sign of bullish reversal and bring stronger rise to 0.9304 resistance for confirmation. On the downside, break of 0.9076 will target a test on 0.8982 low.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9083; (P) 0.9116; (R1) 0.9155; More….

Intraday bias in USD/CHF is mildly on the upside for 0.91921 resistance. Decisive break there will be the first sign of bullish reversal and bring stronger rise to 0.9304 resistance for confirmation. On the downside, break of 0.9076 will target a test on 0.8982 low.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9083; (P) 0.9116; (R1) 0.9155; More….

USD/CHF rebounded strongly after dipping to 0.9076. Intraday bias is turned back to the upside for 0.9192 resistance first. Decisive break there will be the first sign of bullish reversal and bring stronger rise to 0.9304 resistance for confirmation. On the downside,e break of 0.9076 will target a test on 0.8982 low.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9093; (P) 0.9108; (R1) 0.9124; More….

USD/CHF’s fall from 0.9192 resumes by taking out 0.9088 temporary low. Intraday bias is back on the downside for retesting 0.8982 low. Firm break there will resume larger down trend. On the upside, above 0.9139 minor resistance will turn bias back to the upside for 0.9192 resistance intact.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9093; (P) 0.9108; (R1) 0.9124; More….

Intraday bias in USD/CHF remains neutral at this point. Further decline is mildly in favor. On the downside, below 0.9088 will target a test on 0.8982 low. Firm break there will resume larger down trend. On the upside, break of 0.9207 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of stronger rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.