Sun, Mar 29, 2020 @ 13:06 GMT

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9901 extended lower last week. Further fall could be seen initially this week with focus on 61.8% retracement of 0.9181 to 0.9901 at 0.9456. Sustained break there will target a test on 0.9181/6 key support zone. Nevertheless, break of 0.9655 minor resistance will indicate completion of the pull back. Intraday bias will be turned back to the upside for 0.9901 next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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) 0.9565; (P) 0.9671; (R1) 0.9738; More

Intraday bias in USD/CHF remains on the downside as pull back from 0.9901 is still in progress. Deeper fall could be seen to 61.8% retracement of 0.9181 to 0.9901 at 0.9456. Sustained break there will target a test on 0.9181/6 key support holds. Nevertheless, break of 0.9718 will indicate completion of the pull back. Intraday bias will be turned back to the upside for 0.9901 next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9565; (P) 0.9671; (R1) 0.9738; More

USD/CHF’s deeper than expected decline and break of 0.9649 minor support dampens out immediate bullish view. Deeper fall is expected as long as 0.9718 minor resistance holds, for 61.8% retracement of 0.9181 to 0.9901 at 0.9456. Sustained break there will target a test on 0.9181/6 key support holds. nevertheless, break of 0.9718 will indicate completion of the pull back. Intraday bias will be turned back to the upside for 0.9901 next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9738; (P) 0.9786; (R1) 0.9818; More

Intraday bias in USD/CHF remains netural first. We’d still expect strong support from 0.9649 to contain downside to complete the corrective fall from 0.9901. As noted before, fall from 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237. However, firm break of 0.9649 will dampen immediate bullishness and bring deeper pull back.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9738; (P) 0.9786; (R1) 0.9818; More

USD/CHF is staying in consolidation from 0.9901 and intraday bias remains neutral first. In case of deeper pull back, downside should be contained by 0.9649 support to bring another rally. As noted before, fall from 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237. However, firm break of 0.9649 will dampen immediate bullishness and bring deeper pull back.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9734; (P) 0.9793; (R1) 0.9867; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9901 is extending. In case of deeper pull back, downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237. However, firm break of 0.9649 will dampen immediate bullishness and bring deeper pull back.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9734; (P) 0.9793; (R1) 0.9867; More

USD/CHF is staying in consolidation from 0.9901 and intraday bias remains neutral. Deeper pull back could be seen but But downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237. However, firm break of 0.9649 will dampen immediate bullishness and bring deeper pull back.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9789; (P) 0.9845; (R1) 0.9900; More

Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 0.9901 might extend lower. But downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237. However, firm break of 0.9649 will dampen immediate bullishness and bring deeper pull back.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9789; (P) 0.9845; (R1) 0.9900; More

USD/CHF is staying in consolidation below 0.9901 temporary top. Intraday bias remains neutral for the moment. Deeper retreat could be seen but downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9767; (P) 0.9834; (R1) 0.9924; More

Intraday bias in USD/CHF remains neutral for consolidation below 0.9901 temporary top. Deeper retreat could be seen but downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9767; (P) 0.9834; (R1) 0.9924; More

With 4 hour MACD crossed below signal line, a temporary top is formed at 0.9901 in USD/CHF. Intraday bias is turned neutral for some consolidation first. Downside should be contained by 0.9649 support to bring another rally. As noted before, fall form 1.0237 should have completed at 0.9181. Above 0.9901 will target 1.0023 resistance and then 1.0237.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.9181 extended to as high as 0.9901 last week. The break of 0.9484 resistance should indicate completion of fall from 1.0237. Initial bias remains is now on the upside this week for 1.0023 resistance. Break will target 1.0237 high. On the downside, below 0.9649 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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) 0.9707; (P) 0.9793; (R1) 0.9945; More

Intraday bias in USD/CHF remains on the upside at this point. Prior break of 0.9848 resistance affirms the view that whole fall form 1.0237 has completed at 0.9181. Intraday bias stays on the upside for 1.0023 resistance next. For now, further rally will remain in favor as long as 0.9566 support holds, even in case of retreat.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9707; (P) 0.9793; (R1) 0.9945; More

USD/CHF’s rally extends to as high as 0.9888 so far. Break of 0.9848 resistance affirms the view that whole fall form 1.0237 has completed at 0.9181. Intraday bias stays on the upside for 1.0023 resistance next. For now, further rally will remain in favor as long as 0.9566 support holds, even in case of retreat.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9580; (P) 0.9599; (R1) 0.9631; More

USD/CHF’s rally is still in progress and intraday bias stays on the upside for 0.9848 resistance. Decisive break there will confirm completion of whole fall from 1.0237 and target 1.0023 resistance next. On the downside, below 0.9566 minor support will turn intraday bias neutral first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9580; (P) 0.9599; (R1) 0.9631; More

Intraday bias in USD/CHF remains on the upside as rise from 0.9181 is in progress for 0.9848 resistance. Decisive break there will confirm completion of whole fall from 1.0237 and target 1.0023 resistance next. On the downside, below 0.9566 minor support will turn intraday bias neutral first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9494; (P) 0.9572; (R1) 0.9689; More

Intraday bias in USD/CHF remains on the upside at this point. The break of 0.9613 support turned resistance suggests that whole decline from 1.0237 has completed at 0.9181. Further rise should be seen to 0.9848 resistance next. On the downside, break of 0.9391 support will turn bias to the downside for retesting 0.9181/6 key support zone.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9494; (P) 0.9572; (R1) 0.9689; More

Intraday bias in USD/CHF remains on the upside with focus on 0.9613 support turned resistance. Sustained break there will indicate bullish reversal and target 0.9484 resistance and above. On the other hand, rejection by 0.9613 will retain near term bearishness. Break of 0.9391 will turn bias to the downside for retesting 0.9181/6 key support zone.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9397; (P) 0.9467; (R1) 0.9542; More

USD/CHF’s rebound from 0.9181 resumed by taking out 0.9568. Intraday bias is back on the upside. Sustained break of 0.9613 support turned resistance will indicate bullish reversal and target 0.9484 resistance and above. On the other hand, rejection by 0.9613 will retain near term bearishness. Break of 0.9391 will turn bias to the downside for retesting 0.9181/6 key support zone.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9397; (P) 0.9467; (R1) 0.9542; More

USD/CHF quickly recovered after dipping to 0.9391. Intraday bias is turned neutral again. No change in view that rebound from 0.9181 is a corrective move. Upside should be limited by 0.9613 resistance. On the downside, break of 0.9391 will turn bias to the downside for retesting 0.9181/6 key support zone. On the upside, however, sustained break of 0.9613 support turned resistance will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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