Wed, Mar 20, 2019 @ 12:00 GMT

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9978; (P) 0.9998; (R1) 1.0011; More….

As long as 1.0052 minor resistance holds, intraday bias in USD/CHF remains on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. In that case, deeper decline could be seen back to 0.9716 support first. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9994; (P) 1.0011; (R1) 1.0027; More….

Outlook in USD/CHF is unchanged and intraday bias remains on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. In that case, deeper decline could be seen back to 0.9716 support first. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0028; (R1) 1.0047; More….

USD/CHF’s fall from 1.0124 extends today and intraday bias stays on the downside for 0.9936 support. Decisive break there will carry larger bearish implication. On the upside, though, break of 1.0052 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0028; (R1) 1.0047; More….

Intraday bias in USD/CHF remains on the downside at this point. Fall from 1.0124 is in progress for 0.9936 support. Decisive break there will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Weekly Outlook

USD/CHF’s deeper than expected fall last week suggest that rise from 0.9926 has possibly completed at 1.0124 already, ahead of 1.0128 resistance. Initial bias stays mildly on the downside for 0.9926. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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) 1.0025; (P) 1.0038; (R1) 1.0050; More….

With 1.0063 minor resistance intact, further decline is expected in USD/CHF. Current development argues that rise from 0.9926 could have completed at 1.0124 already. USD/CHF should target 0.9926 key support level. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0025; (P) 1.0038; (R1) 1.0050; More….

Fall from 1.0124 resumed after brief recovery. The deeper than expected decline, and stay below 4 hour 55 EMA, suggests that rise from 0.9926 could have completed. Intraday bias is back on the downside for this key support level. Break will carry larger bearish implication. On the upside, though, break of 1.0063 minor resistance will turn bias back to the upside for retesting 1.0124 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0014; (P) 1.0050; (R1) 1.0072; More….

Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. However, firm break of 1.0027 will bring deeper decline back to 0.9926 support.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0014; (P) 1.0050; (R1) 1.0072; More….

Outlook in USD/CHF remains unchanged at it’s holding on to 1.0027 minor support. Intraday bias remains neutral and further rise is still in favor. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. However, firm break of 1.0027 will bring deeper decline back to 0.9926 support.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0056; (P) 1.0085; (R1) 1.0107; More….

Intraday bias in USD/CHF remains neutral at this point. More consolidation could be seen but downside of retreat should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0056; (P) 1.0085; (R1) 1.0107; More….

USD/CHF is staying in consolidation from 1.0124 and intraday bias remains neutral for the moment. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More….

USD/CHF is staying in consolidation below 1.0124 temporary top and intraday bias remains neutral. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More….

Intraday bias in USD/CHF remains neutral as consolidation from 1.0124 temporary is extending. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0060; (P) 1.0089; (R1) 1.0110; More….

USD/CHF is staying in consolidation from 1.0124 temporary top and intraday bias remains neutral first. In case of deeper retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0060; (P) 1.0089; (R1) 1.0110; More….

Intraday bias in USD/CHF remains neutral for consolidation below 1.0124 temporary top. In case of deeper retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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USD/CHF Weekly Outlook

USD/CHF rose further to 1.0124 last week but formed a temporary top there and retreated. Initial bias is neutral this week for some consolidations first. The break of 1.0098 indicates resumption of rise from 0.9716. Hence, retreat from 1.0124 should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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) 1.0053; (P) 1.0090; (R1) 1.0150; More….

USD/CHF retreats notably ahead of 1.0128 resistance. But with 1.0056 minor support intact, further rise is expected. On the upside, decisive break of 1.0128 will confirm resumption of rally from 0.9187. Next near term target will be 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. On the downside, break of 1.0056 minor support will turn intraday bias neutral first.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0053; (P) 1.0090; (R1) 1.0150; More….

USD/CHF rises to as high as 1.0124 so far. Intraday bias remains on the upside. Decisive break of 1.0128 will confirm resumption of rally from 0.9187. Next near term target will be 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. On the downside, break of 1.0056 minor support will turn intraday bias neutral first.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0033; (P) 1.0045; (R1) 1.0062; More….

USD/CHF rises to as high as 1.0076 so far and intraday bias remains on the upside for 1.0098/0128 resistance. Decisive break there will resume larger rally from 0.9186. On the downside, below 1.0027 minor support will turn intraday bias back to the downside for 0.9926 support instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0033; (P) 1.0045; (R1) 1.0062; More….

USD/CHF is losing some upside momentum as seen in 4 hour MACD. But with 0.9997 minor support intact, further rise is expected to 1.0098 resistance first. Break there will target 1.0128 key resistance next. On the downside, below 0.9997 minor support will turn bias back to the downside to extend the correction from 1.0098 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

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