Mon, Feb 24, 2020 @ 21:45 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9754; (P) 0.9799; (R1) 0.9828; More

USD/CHF is staying in range below 0.9848 and intraday bias remains neutral first. On the downside, break of 0.9741 will suggest rejection by 38.2% retracement of 1.0237 to 0.9613 at 0.9851 and retain near term bearishness. Intraday bias will be turned back to the downside for retesting 0.9613 low. On the upside, sustained break of 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next.

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) 0.9754; (P) 0.9799; (R1) 0.9828; More

Intraday bias in USD/CHF remains neutral at this point and some more consolidation could be seen below 0.9484. On the downside, break of 0.9741 will suggest rejection by 0.9851 and retain near term bearishness. Intraday bias will be turned back to the downside for retesting 0.9613 low. On the upside, sustained break of 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next.

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 rebounded further to 0.9848 last week but failed to break 38.2% retracement of 1.0237 to 0.9613 at 0.9851 and retreated sharply. Initial bias is neutral this week. On the downside, break of 0.9741 will suggest rejection by 0.9851 and retain near term bearishness. Intraday bias will be turned back to the downside for retesting 0.9613 low. On the upside, sustained break of 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next.

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) 0.9823; (P) 0.9836; (R1) 0.9856; More

USD/CHF is staying in consolidation below 0.9848 temporary top and intraday bias remains neutral. On the upside, decisive break of 38.2% retracement of 1.0237 to 0.9613 at 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851 will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9823; (P) 0.9836; (R1) 0.9856; More

Intraday bias in USD/CHF remains neutral for consolidation below 0.9848 temporary top. On the upside, decisive break of 38.2% retracement of 1.0237 to 0.9613 at 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851 will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9828; (P) 0.9836; (R1) 0.9847; More

A temporary top should be formed at 0.9848 in USD/CHF with today’s retreat. Intraday bias is turned neutral first. On the upside, decisive break of 38.2% retracement of 1.0237 to 0.9613 at 0.9851 will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851 will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9828; (P) 0.9836; (R1) 0.9847; More

No change in USD/CHF’s outlook and intraday bias remains on the upside for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9805; (P) 0.9822; (R1) 0.9847; More

USD/CHF’s rebound form 0.9613 is still in progress and intraday bias stays on the upside for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9805; (P) 0.9822; (R1) 0.9847; More

Intraday bias in USD/CHF remains on the upside at this point. Focus stays on 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9801; (P) 0.9811; (R1) 0.9833; More

USD/CHF’s rise from 0.9613 resumed after brief retreat and intraday bias is back on the upside. Focus stays on 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9801; (P) 0.9811; (R1) 0.9833; More

Intraday bias in USD/CHF is turned neutral with a temporary top formed at 0.9826. Focus says on 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9801; (P) 0.9811; (R1) 0.9833; More

USD/CHF’s rebound from 0.9613 short term bottom is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9801; (P) 0.9811; (R1) 0.9833; More

Intraday bias in USD/CHF remains on the upside at this point. Rebound from 0.9613 short term bottom is in progress for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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 rebound from 0.9613 extended higher last. Initial bias remains on the upside this week for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will suggests that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low 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) 0.9772; (P) 0.9784; (R1) 0.9806; More

USD/CHF’s rebound from 0.9613 is still in progress and intraday bias remains on the upside. Next target is 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9741 minor support will bring retest of 0.9613 low 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) 0.9772; (P) 0.9784; (R1) 0.9806; More

Intraday bias in USD/CHF remains on the upside for the moment. Rebound from 0.9613 short term bottom should target 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9741 minor support will bring retest of 0.9613 low 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) 0.9755; (P) 0.9770; (R1) 0.9799; More

USD/CHF’s rise resumes after brief consolidation and intraday bias is back on the upside. Rebound from 0.9613 short term bottom should target 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9741 minor support will bring retest of 0.9613 low 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) 0.9755; (P) 0.9770; (R1) 0.9799; More

USD/CHF is staying in consolidation from 0.9788 temporary top and intraday bias remains neutral. With 0.9740 minor support intact, further rise is in favor. On the upside, above 0.9788 will extend the rebound from 0.9613 to 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9740 minor support will bring retest of 0.9613 low 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) 0.9743; (P) 0.9766; (R1) 0.9781; More

Intraday bias in USD/CHF remains neutral first. As long as 0.9740 minor support holds, further rise is in favor. Break of 0.9788 will extend the rebound from 0.9613 to 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9740 minor support will bring retest of 0.9613 low 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) 0.9743; (P) 0.9766; (R1) 0.9781; More

Intraday bias in USD/CHF is turned neutral with a temporary top formed at 0.9788. Further rise is expected as long as 0.9740 minor support holds. Above 0.9788 will target 38.2% retracement of 1.0237 to 0.9613 at 0.9851. Reactions from there would unveil whether it’s just a corrective move, or reversing near term trend. On the downside, however, break of 0.9740 minor support will bring retest of 0.9613 low 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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