Daily Pivots: (S1) 0.9415; (P) 0.9454; (R1) 0.9489; More…

With 4 hour MACD crossed above signal line, a temporary low is formed at 0.9420 in USD/CHF. Intraday bias is turned neutral first. on the downside, below 0.9420 will target 0.9376 support. Firm break there will resume whole decline from 0.9901. Next downside target will be 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. On the upside, though, above 0.9493 minor resistance will argue that fall from 0.9554 is just a pull back and has completed. Intraday bias will be turned back to the upside for 0.9554 and above to resume the rebound from 0.9376.

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). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9415; (P) 0.9454; (R1) 0.9489; More…

Intraday bias in USD/CHF remains on the downside for 0.9376 support. Firm break there will resume whole decline from 0.9901. Next downside target will be 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. On the upside, though, above 0.9493 minor resistance will argue that fall from 0.9554 is just a pull back and has completed. Intraday bias will be turned back to the upside for 0.9554 and above to resume the rebound from 0.9376.

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). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9450; (P) 0.9489; (R1) 0.9512; More…

USD/CHF’s break of 0.9463 minor support suggests that corrective rebound form 0.9376 has completed. Intraday bias is back on the downside for retesting 0.9376 first. Firm break there will resume whole decline from 0.9901. Next downside target will be 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. On the upside, break of 0.9554 will turn bias back to the upside to resume the rebound instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9450; (P) 0.9489; (R1) 0.9512; More…

Intraday bias in USD/CHF remains neutral at this point. With 0.9463 minor support intact, rebound from 0.9376 short term bottom is still in favor to extend. On the upside, break of 0.9554 will target 55 day EMA (now at 0.9612). On the downside, however, break of 0.9463 minor support will turn bias to the downside for retesting 0.9376 low. Break there will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9498; (P) 0.9515; (R1) 0.9541; More…

Intraday bias in USD/CHF remains neutral as range trading continues. Rebound from 0.9376 is still expected to extend higher. Break of 0.9554 will target 55 day EMA (now at 0.9618). Sustained trading above there will pave the way back to 0.9901 resistance. On the downside, however, break of 0.9463 minor support will turn bias to the downside for retesting 0.9376 low. Break there will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9498; (P) 0.9515; (R1) 0.9541; More…

Intraday bias in USD/CHF remains neutral at this point. Rebound from 0.9376 is expected to extend higher. Break of 0.9554 will target 55 day EMA (now at 0.9618). Sustained trading above there will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

USD/CHF stayed in consolidation below 0.9954 last week and outlook is unchanged. Initial bias remains neutral first. As a short term bottom was formed at 0.9376, another rise will be mildly in favor. On the upside, break of 0.9554 will target 55 day EMA (now at 0.9626). Sustained trading above there will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more 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.

Daily Pivots: (S1) 0.9490; (P) 0.9507; (R1) 0.9533; More…

Intraday bias in USD/CHF stays neutral for the moment and some more sideway trading could be seen. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9626) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9490; (P) 0.9507; (R1) 0.9533; More…

Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9626) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9468; (P) 0.9499; (R1) 0.9516; More…

Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9630) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9468; (P) 0.9499; (R1) 0.9516; More…

Intraday bias in USD/CHF stays neutral as it’s bounded in tight range below 0.9554 temporary top. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9630) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9476; (P) 0.9500; (R1) 0.9535; More…

Intraday bias in USD/CHF remains neutral as range trading continues. . On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9631) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9476; (P) 0.9500; (R1) 0.9535; More…

Intraday bias in USD/CHF remains neutral first. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9631) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9465; (P) 0.9506; (R1) 0.9532; More…

Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9635) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9465; (P) 0.9506; (R1) 0.9532; More…

USD/CHF failed to sustain above 4 hour 55 EMA and retreated. Intraday bias is turned neutral first. On the downside, break of 0.9554 will resume the rebound from 0.9376 short term bottoming. Sustained trading above 55 day EMA (now at 0.9635) will pave the way back to 0.9901 resistance. Though, on the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9452; (P) 0.9502; (R1) 0.9571; More…

No change in USD/CHF’s outlook and intraday bias stays mildly on the upside. Rebound from 0.9376 is should target 55 day EMA (now at 0.9646). Sustained break there would pave the way to 0.9901 resistance. On the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9452; (P) 0.9502; (R1) 0.9571; More…

Intraday bias in USD/CHF remains mildly on the upside. Rebound from 0.9376 is on track to 55 day EMA (now at 0.9646). Sustained break there would pave the way to 0.9901 resistance. On the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

USD/CHF dived to as low as 0.9376 last week as fall form 0.9901 extended. But subsequent rebound suggests short term bottoming. Initial bias is mildly on the upside this week for 55 day EMA (now at 0.9651). Sustained break there would pave the way to 0.9901 resistance. On the downside, break of 0.9376 will resume the fall from 0.9901 instead.

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). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more 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.

Daily Pivots: (S1) 0.9393; (P) 0.9426; (R1) 0.9477; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9376 temporary low. Further fall is expected as long as 0.9514 minor resistance holds. Break of 0.9376 will extend the whole decline from 0.9901 to t 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. Nevertheless, firm break of 0.9514 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9643).

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). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9393; (P) 0.9426; (R1) 0.9477; More…

A temporary low is formed at 0.9376 in USD/CHF with today’s recovery. intraday bias is turned neutral first. Further fall is expected as long as 0.9514 minor resistance holds. Break of 0.9376 will extend the whole decline from 0.9901 to t 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. Nevertheless, firm break of 0.9514 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9643).

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). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.