Mon, May 20, 2019 @ 17:33 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0089; (P) 1.0106; (R1) 1.0126; More

USD/CHF weakens mildly after failing to break 4 hour 55 EMA. But it’s staying above 1.0050 temporary low and intraday bias remains neutral. Further decline remains mildly in favor as long as 1.0126 support turned resistance holds. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0089; (P) 1.0106; (R1) 1.0126; More

Intraday bias in USD/CHF remains neutral for the moment. Further decline remains mildly in favor as long as 1.0126 support turned resistance holds. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Weekly Outlook

USD/CHF dropped further to as low as 1.0050 last week but drew support from 55 day EMA and recovered. Initial bias remains neutral this week first. For now, further decline remains mildly in favor as long as 1.0126 support turned resistance holds. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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) 1.0079; (P) 1.0094; (R1) 1.0115; More

USD/CHF is staying in consolidation from 1.0050 temporary low for now. Intraday bias stays neutral first. In case of another rise, upside of recovery should be limited by 1.0126 minor resistance to bring fall resumption. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0079; (P) 1.0094; (R1) 1.0115; More

Intraday bias in USD/CHF remains neutral as consolidation from 1.0050 is still in progress. IN case of another rise, upside of recovery should be limited by 1.0126 minor resistance to bring fall resumption. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0062; (P) 1.0080; (R1) 1.0105; More

USD/CHF is staying in consolidation from 1.0050 temporary low and intraday bias remains neutral first. Upside of recovery should be limited by 1.0126 minor resistance to bring another decline. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0062; (P) 1.0080; (R1) 1.0105; More

Intraday bias in USD/CHF remains neutral as consolidation from 1.0050 temporary is extending. Upside of recovery should be limited by 1.0126 minor resistance to bring another decline. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. Though, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0059; (P) 1.0078; (R1) 1.0106; More

USD/CHF is staying in consolidation above 1.0050 temporary low and intraday bias remains neutral first. More consolidation could be seen but upside should be limited by 1.0126 support turned resistance to bring another decline. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. Though, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0059; (P) 1.0078; (R1) 1.0106; More

Intraday bias in USD/CHF remains neutral for consolidation above 1.0050 temporary low. Upside of recovery should be limited by 1.0126 support turned resistance to bring another decline. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. Though, firm break of 1.0126 will turn bias back to the upside for 1.0237 resistance.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0035; (P) 1.0077; (R1) 1.0105; More

Intraday bias in USD/CHF is turned neutral for consolidation above 1.0050 temporary low. But upside of recovery would be limited by 1.0126 support turned resistance to bring another decline. ON the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0035; (P) 1.0077; (R1) 1.0105; More

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 1.0237 would extend to retest 0.9879 key support. On the upside, break of 1.0126 support turned resistance is needed to indicate completion of the fall from 1.0237. Otherwise, risk will now stay on the downside in case of recovery.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0093; (P) 1.0127; (R1) 1.0154; More

USD/CHF’s decline from 1.0237 accelerates to as low as 1.0050 so far. No support is see at 55 day EMA. Intraday bias remains on the downside for retesting 0.9879 key support. On the upside, break of 1.0126 support turned resistance is needed to indicate completion of the fall from 1.0237. Otherwise, risk will now stay on the downside in case of recovery.

In the bigger picture, as long as 0.9879 support holds, medium term up trend form 0.9186 is still in progress. Break of 1.0237 will target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. However, decisive break of 0.9879 will be a strong sign of medium term reversal. Focus will be turned back to 0.9716 support for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0093; (P) 1.0127; (R1) 1.0154; More

USD/CHF’s corrective fall from 1.0237 is in progress and deeper fall could be seen. But downside should be contained by 55 day EMA (now at 1.0081) to bring rebound. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However sustained break of the 55 day EMA would pave the way back to 0.9879 key support.

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Weekly Outlook

USD/CHF dropped notably last week as correction from 1.0237 extended lower. But overall outlook is unchanged. In case of deeper retreat, downside should be contained by 55 day EMA (now at 1.0081) to bring rebound. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However sustained break of the 55 day EMA would pave the way back to 0.9879 key support.

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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) 1.0113; (P) 1.0163; (R1) 1.0203; More…..

USD/CHF drops sharply as correction from 1.0237 extends. Intraday bias is mildly on the downside or 55 day EMA (now at 1.0081). But downside should be contained there to bring rebound. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However sustained break of the 55 day EMA would pave the way back to 0.9879 key support.

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0113; (P) 1.0163; (R1) 1.0203; More…..

Intraday bias in USD/CHF remains neutral for the moment as consolidation from 1.0237 is extending. Current fall from 1.0226 might extend lower. Break of 0.0126 minor support will target 55 day EMA (now at 1.0081). But downside should be contained there to bring rebound. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance.

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0178; (P) 1.0194; (R1) 1.0219; More…..

USD/CHF’s consolidation from 1.0237 extends further with a steep decline today. But intraday bias will remain neutral first. On the downside, break of 1.0126 might bring deeper fall to 55 day EMA (now at 1.0078). But downside should be contained there to bring rebound. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance.

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0178; (P) 1.0194; (R1) 1.0219; More…..

Outlook in USD/CHF remains unchanged as consolidation from 1.0237 is extending. Intraday bias remains neutral first. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However, break of 1.0126 will turn bias to the downside for deeper decline to 55 day EMA (now at 1.0080).

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0160; (P) 1.0194; (R1) 1.0227; More…..

Intraday bias in USD/CHF remains neutral as it’s staying in consolidation from 1.0237. Outlook remains unchanged too. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However, break of 1.0126 will turn bias to the downside for deeper decline to 55 day EMA (now at 1.0076).

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0160; (P) 1.0194; (R1) 1.0227; More…..

USD/CHF’s rebound failed below 1.01237 and stays in consolidation. Intraday bias remains neutral for the moment. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However, break of 1.0126 will turn bias to the downside for deeper decline to 55 day EMA (now at 1.0076).

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we’d be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

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