Sat, Jan 18, 2020 @ 10:12 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9625; (P) 0.9639; (R1) 0.9664; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9613 is extending. Upside is expected to be limited by 0.9762 resistance to bring down trend resumption. On the downside, break of 0.9613 will target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. However, considering bullish convergence condition in 4 hour MACD, break of 0.9762 will indicate near term reversal and turn outlook bullish for stronger rebound.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9625; (P) 0.9639; (R1) 0.9664; More

With 4 hour MACD crossed above signal line, a temporary low is formed at 0.9613. Intraday bias is turned neutral for consolidations. Upside should be limited well below 0.9762 resistance to bring down trend resumption. on the downside, break of 0.9613 will target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9621; (P) 0.9651; (R1) 0.9670; More

USD/CHF’s fall is still in progress and intraday bias stays on the downside. Current down trend form 1.0237 should target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. On the upside, above 0.9665 minor resistance will turn intraday bias neutral first. But break of 0.9762 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9621; (P) 0.9651; (R1) 0.9670; More

Intraday bias in USD/CHF remains on the downside at this point. Current down trend form 1.0237 is in progress for 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. On the upside, break of 0.9762 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9656; (P) 0.9685; (R1) 0.9703; More

USD/CHF drops to as low as 0.9635 so far today. Break of 0.9646 support indicates resumption of larger down trend from 1.0237. Intraday bias is back on the downside for 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. On the upside, break of 0.9762 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9656; (P) 0.9685; (R1) 0.9703; More

USD/CHF is still staying in consolidation above 0.9646 and intraday bias remains neutral. With 0.9770 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9815) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9714; (R1) 0.9733; More

USD/CHF drops notably today but stays above 0.9646 temporary low. Intraday bias remains neutral first. With 0.9770 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9821) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9714; (R1) 0.9733; More

USD/CHF is staying in consolidation from 0.9646 and intraday bias remains neutral. With 0.9770 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9821) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9712; (P) 0.9737; (R1) 0.9754; More

USD/CHF is staying in consolidation from 0.9646 and intraday bias remains neutral. Further decline is expected with 0.9770 resistance intact. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9827) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9712; (P) 0.9737; (R1) 0.9754; More

Intraday bias in USD/CHF remains neutral for consolidation form 0.9646. Further decline is expected with 0.9770 resistance intact. On the downside, break of 0.9646 will extend whole fall from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9827) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Weekly Outlook

USD/CHF’s recovery from 0.9646 extended last week but stayed below 0.9770 resistance. Outlook is unchanged and initial bias is neutral this week first. Further decline is still expected with 0.9770 intact. On the downside, break of 0.9646 will extend whole decline from 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9830) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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) 0.9690; (P) 0.9715; (R1) 0.9764; More

USD/CHF is staying in consolidation from 0.9646 and intraday bias stays neutral first. Outlook remains bearish with 0.9770 resistance intact. On the downside, break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9831) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9715; (R1) 0.9764; More

USD/CHF is still bounded in consolidation from 0.9646 and intraday bias remains neutral. With 0.9770 resistance intact, further decline is expected. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9834) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9715; (R1) 0.9764; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9646 is extending. With 0.9770 resistance intact, further decline is expected. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9834) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9715; (R1) 0.9764; More

No change in USD/CHF’s outlook as consolidation from 0.9646 is extending. With 0.9770 resistance intact, further decline is expected. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9834) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9680; (P) 0.9705; (R1) 0.9730; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9646 is extending. Near term outlook stays bearish with 0.9770 resistance holds and further fall is expected. On the downside, break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9836) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9680; (P) 0.9705; (R1) 0.9730; More

USD/CHF is staying in consolidation from 0.9646 and intraday bias remains neutral. Near term outlook stays bearish with 0.9770 resistance holds and further fall is expected. On the downside, break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9836) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9664; (P) 0.9690; (R1) 0.9705; More

Intraday bias in USD/CHF remains neutral and consolidation from 0.9646 might extend. More sideway trading could be seen. Still, further fall is expected as long as 0.9770 resistance holds. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9847) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9664; (P) 0.9690; (R1) 0.9705; More

USD/CHF is staying in consolidation from 0.9646 and intraday bias remains neutral first. More sideway trading could be seen. Still, further fall is expected as long as 0.9770 resistance holds. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9847) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9694; (P) 0.9719; (R1) 0.9750; More

Intraday bias in USD/CHF remains neutral and outlook is unchanged. Further fall is expected as long as 0.9770 resistance holds. Break of 0.9646 will resume whole decline form 1.0237 and target 100% projection of 1.0237 to 0.9659 from 1.0023 at 0.9445. Nevertheless, on the upside, break of 0.9770 will indicate short term bottoming and turn bias to the upside for 55 day EMA (now at 0.9848) instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and could target 0.9186 (2018 low). In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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