Thu, Sep 20, 2018 @ 17:16 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9634; (P) 0.9667; (R1) 0.9708; More

Intraday bias in USD/CHF remains neutral as it’s staying above 0.9599 temporary low. On the downside, break of 0.9599 will resume whole decline from 1.0067. But considering bullish convergence condition in 4 hour MACD, downside should be contained by 0.9523 fibonacci level to bring rebound. On the upside, break of 0.9757 will suggests that fall from 1.0067 has formed a short term bottom. In such case, further rise would be seen back to 55 day EMA (now at 0.9797).

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9634; (P) 0.9667; (R1) 0.9708; More

At this point, USD/CHF is still kept in range below 0.9757 resistance. Intraday bias stays neutral first. Considering bullish convergence condition in 4 hour MACD, even in case of another fall, downside will likely be contained by 0.9523 fibonacci level to bring rebound. On the upside, break of 0.9757 will suggests that fall from 1.0067 has formed a short term bottom. In such case, further rise would be seen back to 55 day EMA (now at 0.9804).

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9611; (P) 0.9634; (R1) 0.9669; More…..

USD/CHF’s rebound from 0.9599 extends higher today but it’s kept below 0.9757 resistance. Intraday bias says neutral first. Considering bullish convergence condition in 4 hour MACD, even in case of another fall, downside will likely be contained by 0.9523 to bring rebound. On the upside, break of 0.9757 will suggests that fall from 1.0067 has formed a short term bottom. In such case, further rise would be seen back to 55 day EMA (now at 0.9809).

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9611; (P) 0.9634; (R1) 0.9669; More…..

USD/CHF recovered after hitting 0.9599 and intraday bias is turned neutral again. As long as 0.9757 resistance holds, deeper decline is expected. Break of 0.9599 will target 0.9523 fibonacci level next. Considering bullish convergence condition in 4 hour MACD, downside will likely be contained by 0.9523 to bring rebound. On the upside, break of 0.9757 will suggests that fall from 1.0067 has formed a short term bottom. In such case, further rise would be seen back to 55 day EMA (now at 0.9809).

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9647; (P) 0.9662; (R1) 0.9689; More…..

USD/CHF’s decline is still in progress and reaches as low as 0.9599 so far. Intraday bias stays on the downside. Current fall from 1.0067 should target 0.9523 fibonacci level next. On the upside, break of 0.9633 minor resistance will turn intraday bias neutral again. But near term outlook will stay bearish as long as 0.9757 resistance holds.

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9647; (P) 0.9662; (R1) 0.9689; More…..

Intraday bias in USD/CHF remains on the downside. Current fall from 1.0067 should target 0.9523 fibonacci level next. On the upside, break of 0.9678 minor resistance will turn intraday bias neutral again. But near term outlook will stay bearish as long as 0.9757 resistance holds.

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9647; (P) 0.9662; (R1) 0.9689; More…..

USD/CHF’s decline resumes after brief consolidation and hits as low as 0.9621 so far. Intraday bias is back on the downside. Current fall from 1.0067 should target 0.9523 fibonacci level next. On the upside, break of 0.9678 minor resistance will turn intraday bias neutral again. But near term outlook will stay bearish as long as 0.9757 resistance holds.

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9647; (P) 0.9662; (R1) 0.9689; More…..

As long as 0.9688 minor resistance holds, deeper decline is expected in USD/CHF. Break of 0.9633 will resume whole decline from 1.0067 and target 0.9523 fibonacci level next. On the upside, above 0.9688 minor resistance will dampen this bearish case and target 0.9757 resistance. Break of 0.9757 resistance will indicate near term reversal and bring stronger rebound back to 0.9866 support turned resistance for confirmation.

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Weekly Outlook

USD/CHF’s breach of 0.9640 last week suggests that larger decline from 1.0067 is resuming. Further fall is expected this week as long as 0.9688 minor resistance holds. The pair may now target 0.9523 fibonacci level next. On the upside, above 0.9688 minor resistance will dampen this bearish case and turn bias neutral first. Break of 0.9757 resistance will indicate near term reversal and bring stronger rebound back to 0.9866 support turned resistance.

In the bigger picture, rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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) 0.9633; (P) 0.9675; (R1) 0.9699; More…..

USD/CHF’s breach of 0.9640 low suggests that recent decline from 1.0067 is resuming. Intraday bias is back on the downside for 0.9523 fibonacci level. On the upside, above 0.9688 minor resistance will dampen this bearish case and turn bias neutral first. Break of 0.9757 resistance will indicate near term reversal and bring stronger rebound back to 0.9866 support turned resistance.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9633; (P) 0.9675; (R1) 0.9699; More…..

Focus remains on 0.9640 low in USD/CHF. Decisive break there will resume whole fall from 1.0067. Next downside target will be 0.9523 fibonacci level. On the upside, break of 0.9766 resistance is needed to indicate near term reversal. Otherwise, outlook will stay bearish even in case of recovery.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9683; (P) 0.9717; (R1) 0.9738; More…..

With the current sharp decline, focus is back on 0.9640 low. Firm break there will resume the fall from 1.0067 and target 0.9523 fibonacci level next. On the upside break of 0.9766 will argue that the fall from 1.0067 is finished, with bullish convergence condition in 4 hour MACD. In such case, intraday bias will be turned back to the upside for 0.9866 support turned resistance for confirmation.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9683; (P) 0.9717; (R1) 0.9738; More…..

Intraday bias in USD/CHF remains neutral for the moment. With 0.9766 minor resistance intact, deeper decline could still be seen. Break of 0.9640 will resume the fall fro 1.0067 and target 0.9523 fibonacci level next. On the upside, firm break of 0.9766 will argue that the fall from 1.0067 is finished, with bullish convergence condition in 4 hour MACD. In such case, intraday bias will be turned back to the upside for 0.9866 support turned resistance for confirmation.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9709; (P) 0.9734; (R1) 0.9750; More…..

At this point, USD/CHF is staying in range of 0.9640/9766 and intraday bias remains neutral first. On the upside, firm break of 0.9766 will argue that the fall from 1.0067 is finished, with bullish convergence condition in 4 hour MACD. In such case, intraday bias will be turned back to the upside for 0.9866 support turned resistance for confirmation. On the downside, however, break of 0.9640 will resume the decline from 1.0067 for 0.9523 fibonacci level next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9709; (P) 0.9734; (R1) 0.9750; More…..

Intraday bias in USD/CHF remains neutral for the moment with focus on 0.9766 resistance. Decisive break there will argue that the fall from 1.0067 is finished. Intraday bias should then be turned back to the upside for 0.9866 support turned resistance for confirmation. On the downside, however, break of 0.9640 will resume the decline from 1.0067 for 0.9523 fibonacci level next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9698; (P) 0.9727; (R1) 0.9778; More…..

USD/CHF continues to stay in range below 0.9766 resistance and intraday bias remains neutral. On the upside, firm break of 0.9766 will argue that the fall from 1.0067 is finished. Intraday bias should then be turned back to the upside for 0.9866 support turned resistance for confirmation. On the downside, however, break of 0.9640 will resume the decline from 1.0067 for 0.9523 fibonacci level next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9698; (P) 0.9727; (R1) 0.9778; More…..

Despite the strong rebound from 0.9640, USD/CHF is still held below 0.9766 resistance. Intraday bias remains neutral first. On the upside, break firm break of 0.9766 will argue that the fall from 1.0067 is finished. Intraday bias should then be turned back to the upside for 0.9866 support turned resistance for confirmation. On the downside, however, break of 0.9640 will resume the decline from 1.0067 for 0.9523 fibonacci level next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9655; (P) 0.9678; (R1) 0.9714; More…..

USD/CHF rebounds strongly today but it’s held below 0.9766 resistance. Intraday bias stays neutral first. On the upside, break firm break of 0.9766 will argue that the fall from 1.0067 might be completed. And intraday bias will be turned back to the upside for 0.9866 support turned resistance for confirmation. On the downside, however, break of 0.9640 will resume the decline from 1.0067 to 200% projection of 1.0067 to 0.9866 from 0.9981 at 0.8579 next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9655; (P) 0.9678; (R1) 0.9714; More…..

Intraday bias in USD/CHF remains neutral at this point, after recovering from 0.9640. As long as 0.9766 resistance holds, outlook remains bearish for deeper decline. Break of 0.9640 will extend the decline from 1.0067 to 200% projection of 1.0067 to 0.9866 from 0.9981 at 0.8579 next. Though, break of 0.9766 will indicate near term reversal and target 0.9866 support turned resistance.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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USD/CHF Weekly Outlook

USD/CHF edged lower to 0.9640 last week but couldn’t sustained below 161.8% projection of 1.0067 to 0.9866 from 0.9981 at 0.9656. Initial bias remains neutral this week first. As long as 0.9766 resistance holds, outlook remains bearish for deeper decline. Break of 0.9640 will target 200% projection at 0.8579 next. Though, break of 0.9766 will indicate near term reversal and target 0.9866 support turned resistance.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.

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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