Tue, Oct 20, 2020 @ 18:09 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9071; (P) 0.9119; (R1) 0.9147; More

USD/CHF drops through 0.9087 temporary today and intraday bias is back on the downside for 0.8998 support. Break there will resume larger down trend. Next target is 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. On the upside, break of 0.9165 resistance will dampen this bearish view and 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 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9071; (P) 0.9119; (R1) 0.9147; More

Intraday bias in USD/CHF remains neutral as it’s staying in range above 0.9087 temporary low. Another fall is still expected with 0.9197 resistance intact. On the downside, break of 0.9087 will target a test on 0.8998. Firm break there will resume larger down trend. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9145; (R1) 0.9167; More

USD/CHF drops notably today but stays above 0.9087 temporary low. Intraday bias stays neutral and another fall is in favor with 0.9197 resistance intact. On the downside, break of 0.9087 will target a test on 0.8998. Firm break there will resume larger down trend. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9145; (R1) 0.9167; More

Intraday bias in USD/CHF remains neutral and some consolidations could be seen above 0.9087 temporary low. Another fall is still mildly in favor as long as 0.9197 resistance holds. On the downside, break of 0.9087 will target a test on 0.8998. Firm break there will resume larger down trend. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Weekly Outlook

USD/CHF recovered after edging lower to 0.9087 last week. Initial bias stays neutral this week first. Further fall is still in favor as long as 0.9197 resistance holds. Below 0.9087 will target a test on 0.8998. Firm break there will resume larger down trend. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into along term corrective pattern, at least until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9129; (P) 0.9142; (R1) 0.9158; More

Intraday bias in USD/CHF stays neutral as this point. With 0.9197 resistance intact, further fall is still in favor. On the downside, break of 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9129; (P) 0.9142; (R1) 0.9158; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9087 temporary low is still in progress. With 0.9197 resistance intact, further fall is still in favor. On the downside, break of 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9110; (P) 0.9136; (R1) 0.9160; More

USD/CHF is staying in consolidation above 0.9087 temporary low and intraday bias remains neutral first. Further decline remains in favor as long as 0.9197 resistance holds. Below 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9110; (P) 0.9136; (R1) 0.9160; More

Intraday bias in USD/CHF stays neutral for consolidation above 0.9087 temporary low. Further decline remains in favor as long as 0.9197 resistance holds. Below 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9106; (P) 0.9131; (R1) 0.9172; More

Intraday bias in USD/CHF stays neutral for the moment. Further decline remains in favor as long as 0.9197 resistance holds. Below 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9106; (P) 0.9131; (R1) 0.9172; More

Intraday bias in USD/CHF remains neutral at this point. Further decline remains in favor as long as 0.9197 resistance holds. Below 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9079; (P) 0.9101; (R1) 0.9115; More

Intraday bias in USD/CHF is turned neutral with today’s recovery. Further decline is still in favor as long as 0.9197 resistance holds. Below 0.l9087 will target a test on 0.8998 low. Firm break there will resume larger down trend. Next target will be 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, However, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9079; (P) 0.9101; (R1) 0.9115; More

Further decline is expected in USD/CHF with 0.9197 resistance intact. Firm break of 0.8998 low will resume larger down trend. Next target will be 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly bearish in case of recovery.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9068; (P) 0.9122; (R1) 0.9151; More

Intraday bias sin USD/CHF remains on the downside for retesting 0.8998 low. Firm break there will confirm resumption of larger down trend. Next target will be 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly bearish in case of recovery.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9304 extended lower last week after brief recovery. The development further affirm the case that corrective rebound from 0.8998 has completed at 0.9304 already. Initial bias stays on the downside for retesting 0.8998 low first. Break there will resume larger down trend for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly bearish in case of recovery.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into along term corrective pattern, at least until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9153; (P) 0.9176; (R1) 0.9194; More

USD/CHF’s fall from 0.9304 resumes by taking out 0.9133 temporary low. Intraday bias is turned back to the downside for retesting 0.8998 low. Firm break there will resume larger down trend. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will now stay mildly bearish in case of recovery.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9153; (P) 0.9176; (R1) 0.9194; More

USD/CHF is staying in tight range above 0.9133 temporary low and intraday bias remains neutral first. Another fall is in favor with 0.9218 resistance intact. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 resistance instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9160; (P) 0.9172; (R1) 0.9185; More

Intraday bias in USD/CHF stays neutral first. With 0.9218 minor resistance intact, another fall is still in favor. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 resistance instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9160; (P) 0.9172; (R1) 0.9185; More

USD/CHF is staying in consolidation from 0.9133 and intraday bias remains neutral. Further fall is mildly in favor as long as 0.9218 minor resistance holds. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 resistance instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9147; (P) 0.9163; (R1) 0.9194; More

Intraday bias in USD/CHF remains neutral for the moment. Further fall is mildly in favor as long as 0.9218 minor resistance holds. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 resistance instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

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